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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 272.1 $ 474.8
Accounts receivable, net of allowances of $8.3 (2019) and $8.4 (2018) 684.1 651.8
Other receivables 107.8 57.6
Inventories (Note 7) 1,035.5 1,004.1
Prepaid expenses and other 114.8 113.9
Receivable from Lilly (Note 15) 35.5 0.0
Restricted cash (Note 15) 28.5 202.7
Total current assets 2,278.3 2,504.9
Noncurrent Assets    
Goodwill 2,933.1 2,958.0
Other intangibles, net 2,386.5 2,453.0
Other noncurrent assets 219.3 118.4
Property and equipment, net of accumulated depreciation $909.3 (2019) and $878.6 (2018) 930.2 922.4
Total assets 8,747.4 8,956.7
Current Liabilities    
Accounts payable 252.1 205.2
Employee compensation 64.2 98.9
Sales rebates and discounts 171.7 169.9
Current portion of long-term debt (Note 8) 29.0 29.0
Other current liabilities 191.2 199.0
Payable to Lilly (Note 15) 0.0 268.7
Total current liabilities 708.2 970.7
Noncurrent Liabilities    
Long-term debt (Note 8) 2,436.6 2,443.3
Accrued retirement benefits 106.2 109.1
Deferred taxes (Note 11) 131.8 114.6
Other noncurrent liabilities 168.4 121.5
Total liabilities 3,551.2 3,759.2
Commitments and Contingencies (Note 12) 0.0 0.0
Equity    
Common stock, no par value, 5,000,000,000 shares authorized, 365,702,757 and 365,643,911 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 0.0 0.0
Additional paid-in capital 5,398.7 5,403.3
Retained earnings 47.9 16.4
Accumulated other comprehensive loss (250.4) (222.2)
Total equity 5,196.2 5,197.5
Total liabilities and equity $ 8,747.4 $ 8,956.7