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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 3,593.2 $ 2,941.6 $ 1,862.3
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 600.4 688.1 531.7
Share-based compensation 161.4 155.3 136.3
Deferred income taxes (145.6) (308.2) (245.1)
Other 82.2 (50.3) (27.6)
Changes in operating assets and liabilities, net:      
Accounts receivable 29.0 (512.4) (126.7)
Inventory (174.4) (185.9) (243.9)
Other assets (156.6) (94.5) (160.2)
Accrued expenses and other current liabilities 74.2 244.3 284.1
Current taxes payable (410.2) 61.0 156.8
Other long-term liabilities and taxes payable 93.6 33.8 161.7
Due from unconsolidated joint business (31.1) (30.7) 15.7
Net cash flows provided by operating activities 3,716.1 2,942.1 2,345.1
Cash flows from investing activities:      
Proceeds from sales and maturities of marketable securities 4,063.0 2,718.9 5,190.1
Purchases of marketable securities (6,864.9) (3,583.1) (3,278.1)
Acquisition of TYSABRI rights 0.0 0.0 (3,262.7)
Contingent consideration related to Fumapharm AG acquisition (850.0) (375.0) (15.0)
Acquisitions of businesses (198.8) 0.0 0.0
Purchases of property, plant and equipment (643.0) (287.8) (246.3)
Other (59.9) (16.0) 7.3
Net cash flows used in investing activities (4,553.6) (1,543.0) (1,604.7)
Cash flows from financing activities:      
Purchase of treasury stock (5,000.0) (886.8) (400.3)
Proceeds from issuance of stock for share-based compensation arrangements 54.2 54.9 66.8
Excess tax benefit from share-based compensation 78.2 96.4 73.5
Proceeds from borrowings 5,930.5 0.0 0.0
Repayments of borrowings (2.1) (2.7) (452.4)
Other (74.4) (17.7) (4.1)
Net cash flows provided by (used in) financing activities 986.4 (755.9) (716.5)
Net increase in cash and cash equivalents 148.9 643.2 23.9
Effect of exchange rate changes on cash and cash equivalents (45.8) (40.9) 8.0
Cash and cash equivalents, beginning of the year 1,204.9 602.6 570.7
Cash and cash equivalents, end of the year $ 1,308.0 $ 1,204.9 $ 602.6