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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
 
The components of other comprehensive income (loss) consist of changes in pension liability, changes in net unrealized gains (losses) on marketable securities classified as available-for-sale, net unrealized gains (losses) related to cash flow hedges and changes in foreign currency translation adjustments.

The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows:
 
Pension
Liability
 
Net Unrealized
Gains (Losses) From
Marketable Securities
 
Net Unrealized
Gains (Losses)
From Hedges
 
Foreign
Currency
Translation
Adjustment
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance December 31, 2015
$
(13.9
)
 
$
271.5

 
$
586.4

 
$
(76.3
)
 
$
767.7

Other comprehensive income (loss) before reclassifications
—

 
(226.0
)
 
(171.9
)
 
2.7

 
(395.2
)
Amounts reclassified from accumulated other comprehensive income
—

 
26.4

 
(147.9
)
 
—

 
(121.5
)
Net current-period other comprehensive income (loss)
—

 
(199.6
)

(319.8
)

2.7


(516.7
)
Balance June 30, 2016
$
(13.9
)
 
$
71.9


$
266.6


$
(73.6
)

$
251.0

 
 
 
 
 
 
 
 
 


Balance December 31, 2014
$
(15.5
)
 
$
460.9

 
$
519.6

 
$
(50.2
)
 
$
914.8

Other comprehensive income (loss) before reclassifications
(7.6
)
 
(5.2
)
 
322.5

 
(7.7
)
 
302.0

Amounts reclassified from accumulated other comprehensive income
—

 
0.5

 
(159.2
)
 
—

 
(158.7
)
Net current-period other comprehensive income (loss)
(7.6
)
 
(4.7
)

163.3


(7.7
)
 
143.3

Balance June 30, 2015
$
(23.1
)
 
$
456.2


$
682.9


$
(57.9
)
 
$
1,058.1


 
 
 
 
 
Gains (Losses) Reclassified Out of Accumulated
Other Comprehensive Income
Accumulated Other Comprehensive Income Components
 
Affected Line Item in the Consolidated Statements of Income
 
Three-Month Periods Ended June 30,
 
Six-Month Periods Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Gains (losses) from cash-flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
Net product sales
 
$
61.6

 
$
90.2

 
$
150.0

 
$
160.7

Treasury rate lock agreements
 
Interest (expense)
 
(1.3
)
 
(0.9
)
 
(2.6
)
 
(1.8
)
Interest rate swap agreements
 
Interest (expense)
 
(0.4
)
 
(0.3
)
 
(0.8
)
 
(0.7
)
 
 
Income tax benefit
 
0.6

 
0.5

 
1.3

 
1.0

 
 
 
 
 
 
 
 
 
 
 
Gains (losses) from available-for-sale marketable securities:
 
 
 
 
 
 
 
 
Realized income (loss) on sales of marketable securities
 
Interest and investment income, net
 
(30.1
)
 
(1.3
)
 
(40.5
)
 
(0.7
)
 
 
Income tax benefit
 
10.5

 
0.4

 
14.1

 
0.2

Total reclassification, net of tax
 
 
 
$
40.9

 
$
88.6

 
$
121.5

 
$
158.7