Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income before income tax provision and the income tax expense

	For the Years Ended December 31,
(In millions)	2014			2013			2012
Income before income taxes (benefit):
Domestic	$	2,557.4		$	1,953.0		$	1,398.0
Foreign	1,389.2			527.6			457.1
Total	$	3,946.6		$	2,480.6		$	1,855.1
Income tax expense (benefit):
Current:
Federal	$	1,159.5		$	700.9		$	507.9
State	65.2			98.4			35.6
Foreign	73.4			46.8			44.0
Total	1,298.1			846.1			587.5
Deferred:
Federal	$	(280.9	)	$	(200.6	)	$	(133.0	)
State	(21.0		)	(35.9		)	(13.0		)
Foreign	(6.3		)	(8.6		)	29.1
Total	(308.2		)	(245.1		)	(116.9		)
Total income tax expense	$	989.9		$	601.0		$	470.6

Components of deferred tax assets and liabilities

	As of December 31,
(In millions)	2014			2013
Deferred tax assets:
Tax credits	$	69.0		$	64.1
Inventory, other reserves, and accruals	217.3			169.6
Intangibles, net	251.7			124.2
Net operating loss	20.6			14.7
Share-based compensation	86.0			85.0
Other	60.0			84.8
Valuation allowance	(11.5		)	(1.5		)
Total deferred tax assets	$	693.1		$	540.9
Deferred tax liabilities:
Purchased intangible assets	$	(432.8	)	$	(550.8	)
Unrealized gain on investments and cumulative translation adjustment	—			(3.2		)
Inventory, other reserves and accruals	(1.1		)	(24.9		)
Depreciation, amortization and other	(105.9		)	(112.6		)
Total deferred tax liabilities	$	(539.8	)	$	(691.5	)

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

	For the Years Ended December 31,
	2014		2013		2012
Statutory rate	35.0	%	35.0	%	35.0	%
State taxes	1.2		3.1		0.9
Taxes on foreign earnings	(9.5	)	(6.7	)	(6.2	)
Credits and net operating loss utilization	(1.1	)	(2.6	)	(3.5	)
Purchased intangible assets	1.2		1.5		1.2
Manufacturing deduction	(1.8	)	(6.6	)	(2.1	)
Other permanent items	0.5		0.8		(0.4	)
Contingent consideration	(0.4	)	—		0.5
Other	—		(0.3	)	—
Effective tax rate	25.1	%	24.2	%	25.4	%

Reconciliation of beginning and ending amount of unrecognized tax benefits

(In millions)	2014			2013			2012
Balance at January 1,	$	110.1		$	125.9		$	64.4
Additions based on tax positions related to the current period	20.8			11.9			13.0
Additions for tax positions of prior periods	86.1			71.7			69.8
Reductions for tax positions of prior periods	(23.4		)	(92.1		)	(18.6		)
Statute expirations	(1.6		)	(1.9		)	(1.9		)
Settlements	(60.5		)	(5.4		)	(0.8		)
Balance at December 31,	$	131.5		$	110.1		$	125.9