Equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Equity

Equity

Total equity as of March 31, 2013 increased $375.8 million compared to December 31, 2012. This increase was primarily driven by net income attributable to Biogen Idec Inc. of $426.7 million partially offset by repurchases of our common stock totaling $41.0 million.

Share Repurchases

In February 2011, our Board of Directors authorized the repurchase of up to 20.0 million shares of common stock. This authorization does not have an expiration date. During the three months ended March 31, 2013, approximately 0.3 million shares were repurchased at a cost of $41.0 million.

Approximately 5.9 million shares of our common stock remain available for repurchase under the 2011 authorization.

We repurchased approximately 4.0 million shares at a cost of approximately $463.2 million under the 2011 authorization during the three months ended March 31, 2012.

Noncontrolling Interests

The following table reconciles equity attributable to noncontrolling interests:

	For the Three Months Ended March 31,
(In millions)	2013			2012
Noncontrolling interests, beginning of period	$	2.3		$	1.5
Net income (loss) attributable to noncontrolling interests, net of tax	—			(0.3		)
Currency translation adjustment	—			0.1
Deconsolidation of noncontrolling interest	(1.7		)	—
Distributions to noncontrolling interests	—			1.3
Noncontrolling interests, end of period	$	0.6		$	2.6

For additional information related to our deconsolidation of noncontrolling interest, please read Note 18, Investments in Variable Interest Entities to these condensed consolidated financial statements.