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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes our segment revenue, significant segment expenses, and segment profit:
202420232022
Revenue$45,042.7 $34,124.1 $28,541.4 
Less:
Cost of sales8,418.3 7,082.2 6,629.8 
Early-stage research and development(1)
3,916.9 3,092.5 2,406.6 
Late-stage research and development(1)
7,073.7 6,220.9 4,784.2 
Marketing, selling, and administrative8,593.8 7,403.1 6,440.4 
Acquired in-process research and development3,280.4 3,799.8 908.5 
Other segment items(2)
3,169.6 1,285.2 1,127.1 
Net income$10,590.0 $5,240.4 $6,244.8 
(1) Early-stage research and development primarily includes costs incurred from discovery through Phase 2 clinical trials. Late-stage research and development primarily includes costs incurred from Phase 3 clinical trials.
(2) Other segment items primarily include income taxes and asset impairment, restructuring, and other special charges.
The following tables summarize additional segment information:
202420232022
Interest income$175.2 $173.6 $62.8 
Interest expense780.6 485.9 331.6 
Depreciation and amortization1,766.6 1,527.3 1,522.5 
Asset impairment, restructuring, and other special charges860.6 67.7 244.6 
Earnings (loss) in equity method investments
89.8 (10.1)(138.0)
Income taxes2,090.4 1,314.2 561.6 
Expenditures for long-lived assets(1)
5,560.8 3,830.2 2,289.2 
(1) Includes expenditures for property and equipment and computer software costs.
20242023
Total assets$78,714.9 $64,006.3 
Equity method investments
1,142.7 962.3