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Financial Instruments and Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Significant Unobservable Inputs Calculation
The fair value of our contingent consideration as of June 30, 2016 and December 31, 2015 was calculated using the following significant unobservable inputs:
Inputs
Ranges (weighted average) utilized as of:
June 30, 2016
December 31, 2015
Discount rate
0.8% to 12.0% (8.5%)
0.8% to 12.0% (8.8%)
Probability of payment
0% to 95% (42%)
0% to 95% (53%)
Projected year of payment for development and regulatory milestones
2016 to 2029 (2019)
2016 to 2029 (2019)
Projected year of payment for sales-based milestones and other amounts calculated as a percentage of annual sales
2019 to 2033 (2024)
2019 to 2033 (2024)
Assets and liabilities measured at fair value on recurring basis
 
Balance at
June 30, 2016
 
Quoted Price in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Other Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
1,340.0

 
$
994.8

 
$
345.2

 
$
—

Forward currency contracts
342.0

 
—

 
342.0

 
—

Purchased currency options
56.7

 
—

 
56.7

 
—

Interest rate swaps
153.6

 
—

 
153.6

 
—

Total assets
$
1,892.3

 
$
994.8

 
$
897.5

 
$
—

Liabilities:
 

 
 

 
 

 
 

Contingent value rights
$
(63.2
)
 
$
(63.2
)
 
$
—

 
$
—

Written currency options
(42.2
)
 
—

 
(42.2
)
 
—

Other acquisition related contingent consideration
(1,469.5
)
 
—

 
—

 
(1,469.5
)
Total liabilities
$
(1,574.9
)
 
$
(63.2
)
 
$
(42.2
)
 
$
(1,469.5
)
 
 
 
 
 
 
 
 
 
Balance at
December 31, 2015
 
Quoted Price in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Other Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 

 
 

 
 

 
 

Available-for-sale securities
$
1,671.6

 
$
1,235.9

 
$
435.7

 
$
—

Forward currency contracts
606.0

 
—

 
606.0

 
—

Purchased currency options
46.7

 
—

 
46.7

 
—

Interest rate swaps
52.5

 
—

 
52.5

 
—

Total assets
$
2,376.8

 
$
1,235.9

 
$
1,140.9

 
$
—

Liabilities:
 

 
 

 
 

 
 

Contingent value rights
$
(51.9
)
 
$
(51.9
)
 
$
—

 
$
—

Written currency options
(19.1
)
 
—

 
(19.1
)
 
—

Other acquisition related contingent consideration
(1,521.5
)
 
—

 
—

 
(1,521.5
)
Total liabilities
$
(1,592.5
)
 
$
(51.9
)
 
$
(19.1
)
 
$
(1,521.5
)
Roll-forward of fair value of Level 3 instruments (significant unobservable inputs), liabilities
The following table represents a roll-forward of the fair value of level 3 instruments: 
 
Six-Month Periods Ended June 30,
 
2016
 
2015
Liabilities:
 

 
 

Balance at beginning of period
$
(1,521.5
)
 
$
(1,279.0
)
Amounts acquired or issued
—

 
—

Net change in fair value
22.0

 
(36.0
)
Settlements
—

 
—

Transfers in and/or out of level 3
30.0

 
—

Balance at end of period
$
(1,469.5
)
 
$
(1,315.0
)