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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income $ 2,408.4 $ 2,390.5 $ 4,684.8
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:      
Depreciation and amortization 1,427.7 1,379.0 1,445.6
Change in deferred income taxes (748.4) 36.8 265.9
Stock-based compensation expense 217.8 156.0 144.9
Acquired in-process research and development 535.0 200.2 57.1
Income related to termination of the exenatide collaboration with Amylin 0.0 0.0 (495.4)
Net proceeds from (payments for) terminations of interest rate swaps (186.1) 340.7 0.0
Other non-cash operating activities, net 36.4 13.8 25.1
Other changes in operating assets and liabilities, net of acquisitions and divestitures:      
Receivables - (increase) decrease (304.5) 117.4 (152.7)
Inventories - (increase) decrease (736.3) (307.1) (286.5)
Other assets - (increase) decrease (338.8) 411.5 116.5
Accounts payable and other liabilties-increase (decrease) 461.6 (371.7) (70.3)
Net Cash Provided by Operating Activities 2,772.8 4,367.1 5,735.0
Cash Flows from Investing Activities      
Purchases of property and equipment (1,066.2) (1,162.6) (1,012.1)
Disposals of property and equipment 92.6 15.3 179.4
Cash released (restricted) for pending acquisition 5,405.6 (5,405.6) 0.0
Proceeds from sales and maturities of short-term investments 2,161.8 4,054.1 3,320.1
Purchases of short-term investments (842.2) (1,637.8) (1,531.0)
Proceeds from sales of noncurrent investments 3,068.4 11,009.4 11,235.0
Purchases of noncurrent investments (3,226.5) (9,802.7) (14,041.9)
Proceeds from sale of product rights 410.0 0.0 0.0
Purchase of product rights 0.0 (308.3) (24.1)
Purchases of in-process research and development (560.0) (95.0) (57.1)
Cash paid for acquisitions, net of cash acquired (5,283.1) (551.4) (43.7)
Other investing activities, net (133.6) (24.5) (97.4)
Net Cash Provided by (Used for) Investing Activities 26.8 (3,909.1) (2,072.8)
Cash Flows from Financing Activities      
Dividends paid (2,127.3) (2,101.2) (2,120.7)
Net change in short-term borrowings (2,680.6) 2,680.6 0.0
Proceeds from issuance of long-term debt 4,454.7 992.9 0.0
Repayments of long-term debt (1,955.7) (1,034.8) (10.5)
Purchases of common stock (749.5) (800.0) (1,698.1)
Other financing activities, net 139.2 187.4 0.0
Net Cash Used for Financing Activities (2,919.2) (75.1) (3,829.3)
Effect of exchange rate changes on cash and cash equivalents (85.6) (341.5) (21.5)
Net increase (decrease) in cash and cash equivalents (205.2) 41.4 (188.6)
Cash and cash equivalents at beginning of year 3,871.6 3,830.2 4,018.8
Cash and Cash Equivalents at End of Year $ 3,666.4 $ 3,871.6 $ 3,830.2