Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Components [Abstract]

Schedule of Cash, Cash Equivalents, and Restricted Cash

Cash and restricted cash

(In millions)	December 31, 2021		December 31, 2020		December 31, 2019
Cash and cash equivalents	$	701.2	$	844.4	$	475.6
Restricted cash, included in other current and non-current assets	5.0		5.6		15.5
Cash, cash equivalents and restricted cash	$	706.2	$	850.0	$	491.1

Inventories

(In millions)	December 31, 2021		December 31, 2020
Raw materials	$	922.4	$	958.4
Work in process	993.3		1,438.1
Finished goods	2,062.0		3,075.4
Inventories	$	3,977.7	$	5,471.9

Property, plant and equipment

Property, plant and equipment, net

(In millions)	December 31, 2021		December 31, 2020
Machinery and equipment	$	3,054.0	$	3,235.0
Buildings and improvements	1,808.5		1,954.8
Construction in progress	588.7		376.3
Land and improvements	137.9		155.8
Gross property, plant and equipment	5,589.1		5,721.9
Accumulated depreciation	2,400.5		2,262.0
Property, plant and equipment, net	$	3,188.6	$	3,459.9

Other assets

Other assets

(In millions)	December 31, 2021		December 31, 2020
Equity method investments, clean energy investments	$	—	$	47.9
Operating lease right-of-use assets	290.8		323.6
Other long-term assets	879.9		676.0
Other assets	$	1,170.7	$	1,047.5

Other current liabilities

Other current liabilities

(In millions)	December 31, 2021		December 31, 2020
Accrued sales allowances	$	1,362.1	$	1,211.8
Payroll and employee benefit liabilities	741.9		828.2
Legal and professional accruals, including litigation accruals	715.6		362.9
Contingent consideration	66.7		100.5
Accrued restructuring	233.5		149.2
Equity method investments, clean energy investments	10.9		47.5
Accrued interest	86.6		90.9
Fair value of financial instruments	61.0		103.6
Operating lease liability	86.7		92.9
Other	1,254.6		1,973.2
Other current liabilities	$	4,619.6	$	4,960.7

Other noncurrent liabilities

(In millions)	December 31, 2021		December 31, 2020
Employee benefit liabilities	$	876.4	$	1,020.4
Contingent consideration	133.0		123.1
Tax related items, including contingencies	426.1		469.5
Operating lease liability	200.9		229.5
Accrued restructuring	64.3		134.8
Other	232.9		505.8
Other long-term obligations	$	1,933.6	$	2,483.1

Schedule of Other Current Assets

Prepaid expenses and other current assets

(In millions)	December 31, 2021		December 31, 2020
Prepaid expenses	$	256.7	$	267.8
Available-for-sale fixed income securities	38.2		39.1
Fair value of financial instruments	144.6		118.6
Equity securities	51.0		45.8
Other current assets	1,467.1		1,236.1
Prepaid expenses and other current assets	$	1,957.6	$	1,707.4

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable

(In millions)	December 31, 2021		December 31, 2020
Trade accounts payable	$	1,056.1	$	1,345.7
Other payables	601.3		558.5
Accounts payable	$	1,657.4	$	1,904.2