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Consolidated and Combined Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 474.8 $ 323.4
Accounts receivable, net of allowances of $8.3 (2019) and $8.4 (2018) 651.8 567.4
Other receivables 57.6 34.5
Inventories (Note 8) 1,004.1 1,062.3
Prepaid expenses and other 113.9 136.1
Restricted cash (Note 19) 202.7 0.0
Total current assets 2,504.9 2,123.7
Noncurrent Assets    
Investments (Note 10) 15.3 12.3
Goodwill (Note 11) 2,958.0 2,969.2
Other intangibles, net (Note 11) 2,453.0 2,672.8
Other noncurrent assets 103.1 242.0
Property and equipment, net (Note 12) 922.4 920.3
Total assets 8,956.7 8,940.3
Current Liabilities    
Accounts payable 205.2 203.8
Employee compensation 98.9 89.3
Sales rebates and discounts 169.9 165.5
Current portion of long-term debt (Note 8) 29.0 0.0
Other current liabilities 199.0 184.5
Payable to Lilly (Note 19) 268.7 0.0
Total current liabilities 970.7 643.1
Noncurrent Liabilities    
Long-term debt (Note 8) 2,443.3 0.0
Accrued retirement benefits (Note 17) 109.1 139.0
Deferred taxes (Note 14) 114.6 251.9
Other noncurrent liabilities 121.5 126.0
Total liabilities 3,759.2 1,160.0
Commitments and Contingencies (Note 15) 0.0
Equity    
Net parent company investment 0.0 8,036.9
Common stock, no par value, 5,000,000,000 shares authorized 365,643,911 shares issued and outstanding as of December 31, 2018 0.0 0.0
Additional paid-in capital 5,403.3 0.0
Retained earnings 16.4 0.0
Accumulated other comprehensive loss (222.2) (256.6)
Total equity 5,197.5 7,780.3
Total liabilities and equity $ 8,956.7 $ 8,940.3