Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income before income tax provision and the income tax expense

	For the Years Ended December 31,
(In millions)	2013			2012			2011
Income before income taxes (benefit):
Domestic	$	1,953.0		$	1,398.0		$	1,408.9
Foreign	527.6			457.1			302.3
Total	$	2,480.6		$	1,855.1		$	1,711.2
Income tax expense (benefit):
Current:
Federal	$	700.9		$	507.9		$	231.7
State	98.4			35.6			15.1
Foreign	46.8			44.0			44.1
Total	846.1			587.5			290.9
Deferred:
Federal	$	(200.6	)	$	(133.0	)	$	160.9
State	(35.9		)	(13.0		)	(8.1		)
Foreign	(8.6		)	29.1			0.8
Total	(245.1		)	(116.9		)	153.6
Total income tax expense	$	601.0		$	470.6		$	444.5

Components of deferred tax assets and liabilities

	As of December 31,
(In millions)	2013			2012
Deferred tax assets:
Tax credits	$	64.1		$	69.3
Inventory, other reserves, and accruals	169.6			118.3
Capitalized costs	7.9			7.6
Intangibles, net	124.2			84.5
Net operating loss	14.7			37.5
Share-based compensation	85.0			58.6
Other	76.9			57.8
Valuation allowance	(1.5		)	(12.3		)
Total deferred tax assets	$	540.9		$	421.3
Deferred tax liabilities:
Purchased intangible assets	$	(550.8	)	$	(411.3	)
Unrealized gain on investments and cumulative translation adjustment	(3.2		)	(1.2		)
Inventory	(24.9		)	(50.8		)
Depreciation, amortization and other	(112.6		)	(146.4		)
Total deferred tax liabilities	$	(691.5	)	$	(609.7	)

Reconciliation between the U.S. federal statutory tax rate and effective tax rate

	For the Years Ended December 31,
	2013		2012		2011
Statutory rate	35.0	%	35.0	%	35.0	%
State taxes	3.1		0.9		1.7
Taxes on foreign earnings	(6.7	)	(6.2	)	(5.9	)
Credits and net operating loss utilization	(2.6	)	(3.5	)	(4.4	)
Purchased intangible assets	1.5		1.2		1.3
Manufacturing deduction	(6.6	)	(2.1	)	(1.5	)
Other permanent items	0.8		(0.4	)	0.3
Contingent consideration	—		0.5		0.7
Other	(0.3	)	—		(1.2	)
Effective tax rate	24.2	%	25.4	%	26.0	%

Reconciliation of beginning and ending amount of unrecognized tax benefits

(In millions)	2013			2012			2011
Balance at January 1,	$	125.9		$	64.4		$	121.5
Additions based on tax positions related to the current period	11.9			13.0			2.2
Additions for tax positions of prior periods	71.7			69.8			48.6
Reductions for tax positions of prior periods	(92.1		)	(18.6		)	(75.8		)
Statute expirations	(1.9		)	(1.9		)	(2.3		)
Settlements	(5.4		)	(0.8		)	(29.8		)
Balance at December 31,	$	110.1		$	125.9		$	64.4