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Revenue Recognition and Accounts Receivable
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition and Accounts Receivable Revenue Recognition and Accounts Receivable
The following table presents the Company’s net sales by product category for each of our reportable segments for the years ended December 31, 2022, 2021, and 2020, respectively:
(In millions)
2022 Net Sales
Product CategoryDeveloped MarketsGreater ChinaJANZEmerging MarketsTotal
Brands5,160.4 2,190.7 922.6 1,615.9 9,889.6 
Complex Gx and Biosimilars1,218.0 0.6 44.1 50.7 1,313.4 
Generics3,390.5 9.9 665.7 949.0 5,015.1 
Total Viatris$9,768.9 $2,201.2 $1,632.4 $2,615.6 $16,218.1 

(In millions)
2021 Net Sales
Product CategoryDeveloped MarketsGreater ChinaJANZEmerging MarketsTotal
Brands5,759.2 2,207.8 1,197.1 1,677.2 10,841.3 
Complex Gx and Biosimilars1,241.6 0.2 46.5 53.8 1,342.1 
Generics3,427.9 4.8 783.8 1,413.7 5,630.2 
Total Viatris$10,428.7 $2,212.8 $2,027.4 $3,144.7 $17,813.6 

(In millions)
2020 Net Sales
Product CategoryDeveloped MarketsGreater ChinaJANZEmerging MarketsTotal
Brands3,920.7 253.9 617.0 443.3 5,234.9 
Complex Gx and Biosimilars1,202.6 0.7 42.8 49.4 1,295.5 
Generics3,387.6 5.3 535.5 1,361.1 5,289.5 
Total Viatris$8,510.9 $259.9 $1,195.3 $1,853.8 $11,819.9 
____________
(a)Amounts for the year ended December 31, 2022 include the unfavorable impact of foreign currency translations compared to the prior year period.
(b)Amounts for the year ended December 31, 2022 reflect a decrease of approximately $63.5 million related to the year over year impact of the sale of the biosimilars business in November 2022. The Company has not recognized the results of the biosimilars business in its consolidated financial statements subsequent to November 29, 2022.
The following table presents net sales on a consolidated basis for select key products for the years ended December 31, 2022 and 2021, respectively:
Year Ended December 31,
(In millions)20222021
Select Key Global Products
Lipitor ®
$1,635.2 $1,663.2 
Norvasc ®775.1 824.7 
Lyrica ®623.8 728.5 
Viagra ®458.9 533.8 
EpiPen® Auto-Injectors378.0 391.7 
Celebrex ®
338.1 344.4 
Creon ®304.0 309.8 
Effexor ®
279.6 316.8 
Zoloft ®
246.2 284.3 
Xalabrands195.1 226.0 
Select Key Segment Products
Influvac ®$225.5 $299.3 
Yupelri ®202.1 161.9 
Dymista ®179.8 168.0 
Amitiza ®167.9 201.5 
Xanax ®156.5 185.9 
____________
(a)The Company does not disclose net sales for any products considered competitively sensitive.
(b)Products disclosed may change in future periods, including as a result of seasonality, competition or new product launches.
(c)Amounts for the year ended December 31, 2022 include the unfavorable impact of foreign currency translations compared to the prior year period.
(d)Amounts for the year ended December 31, 2020 are not presented due to the significance of products acquired as part of the Combination.
Variable Consideration and Accounts Receivable    
The following table presents a reconciliation of gross sales to net sales by each significant category of variable consideration during the years ended December 31, 2022, 2021 and 2020, respectively:
Year Ended December 31,
(In millions)202220212020
Gross sales$27,662.1 $30,553.4 $19,899.1 
Gross to net adjustments:
Chargebacks(6,192.2)(5,530.1)(3,656.2)
Rebates, promotional programs and other sales allowances(4,346.2)(6,135.6)(3,765.5)
Returns(296.7)(384.6)(329.7)
Governmental rebate programs(608.9)(689.5)(327.8)
Total gross to net adjustments$(11,444.0)$(12,739.8)$(8,079.2)
Net sales$16,218.1 $17,813.6 $11,819.9 
The following is a rollforward of the categories of variable consideration during 2022:
(In millions)Balance at December 31, 2021Current Provision Related to Sales Made in the Current Period Balances DivestedChecks/ Credits Issued to Third Parties Effects of Foreign ExchangeBalance at December 31, 2022
Chargebacks$591.7 $6,192.2 $(53.4)$(6,205.6)$(1.5)$523.4 
Rebates, promotional programs and other sales allowances1,373.0 4,346.2 (215.1)(4,177.5)(42.4)1,284.2 
Returns686.8 296.7 (16.0)(447.6)(6.5)513.4 
Governmental rebate programs399.2 608.9 (34.1)(602.4)(5.1)366.5 
Total$3,050.7 $11,444.0 $(318.6)$(11,433.1)$(55.5)$2,687.5 
Accruals for these provisions are presented in the consolidated financial statements as reductions in determining net revenues and as a contra-asset in accounts receivable, net (if settled via credit) and other current liabilities (if paid in cash). Accounts receivable are presented net of allowances relating to these provisions, which were comprised of the following at December 31, 2022 and 2021, respectively:
(In millions)December 31,
2022		December 31,
2021
Accounts receivable, net$1,798.7 $1,688.6 
Other current liabilities888.8 1,362.1 
Total$2,687.5 $3,050.7 
We have not made and do not anticipate making any significant changes to the methodologies that we use to measure provisions for variable consideration; however, the balances within these reserves can fluctuate significantly through the consistent application of our methodologies. Historically, we have not recorded in any current period any material amounts related to adjustments made to prior period reserves.
Accounts receivable, net was comprised of the following at December 31, 2022 and 2021, respectively:
(In millions)December 31, 2022December 31, 2021
Trade receivables, net$3,243.8 $3,774.4 
Other receivables570.7 492.0 
Accounts receivable, net$3,814.5 $4,266.4 
Total allowances for doubtful accounts were $114.7 million and $154.5 million at December 31, 2022 and 2021, respectively. Viatris performs ongoing credit evaluations of its customers and generally does not require collateral. Approximately 23% and 18% of the accounts receivable balances represent amounts due from three customers at December 31, 2022 and 2021, respectively.
Accounts Receivable Factoring Arrangements
We have entered into accounts receivable factoring agreements with financial institutions to sell certain of our non-U.S. accounts receivable. These transactions are accounted for as sales and result in a reduction in accounts receivable because the agreements transfer effective control over and risk related to the receivables to the buyers. Our factoring agreements do not allow for recourse in the event of uncollectibility, and we do not retain any interest in the underlying accounts receivable once sold. We derecognized $34.7 million and $29.6 million of accounts receivable as of December 31, 2022 and 2021 under these factoring arrangements, respectively.