Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income before income tax provision and the income tax expense

	For the Years Ended December 31,
(In millions)	2016			2015			2014
Income before income taxes (benefit):
Domestic	$	3,655.4		$	3,386.7		$	2,557.4
Foreign	1,277.6			1,380.6			1,389.2
Total	$	4,933.0		$	4,767.3		$	3,946.6
Income tax expense (benefit):
Current:
Federal	$	1,304.3		$	1,214.1		$	1,159.5
State	55.1			38.6			65.2
Foreign	52.9			54.5			73.4
Total	1,412.3			1,307.2			1,298.1
Deferred:
Federal	$	(125.6	)	$	(129.6	)	$	(280.9	)
State	(3.8		)	(1.9		)	(21.0		)
Foreign	(45.6		)	(14.1		)	(6.3		)
Total	(175.0		)	(145.6		)	(308.2		)
Total income tax expense	$	1,237.3		$	1,161.6		$	989.9

Components of deferred tax assets and liabilities

	As of December 31,
(In millions)	2016			2015
Deferred tax assets:
Tax credits	$	201.1		$	189.3
Inventory, other reserves and accruals	250.6			243.9
Intangibles, net	459.8			328.3
Net operating loss	65.9			24.7
Share-based compensation	61.5			63.8
Other	49.0			35.8
Valuation allowance	(16.1		)	(14.1		)
Total deferred tax assets	$	1,071.8		$	871.7
Deferred tax liabilities:
Purchased intangible assets	$	(376.6	)	$	(440.1	)
Depreciation, amortization and other	(113.5		)	(102.7		)
Total deferred tax liabilities	$	(490.1	)	$	(542.8	)

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

	For the Years Ended December 31,
	2016		2015		2014
Statutory rate	35.0	%	35.0	%	35.0	%
State taxes	0.9		0.5		1.2
Taxes on foreign earnings	(9.6	)	(10.0	)	(9.5	)
Credits and net operating loss utilization	(1.4	)	(1.3	)	(1.1	)
Purchased intangible assets	1.2		1.0		1.2
Manufacturing deduction	(1.9	)	(1.8	)	(1.8	)
Other permanent items	0.5		0.7		0.5
Other	0.4		0.3		(0.4	)
Effective tax rate	25.1	%	24.4	%	25.1	%

Reconciliation of beginning and ending amount of unrecognized tax benefits

(In millions)	2016			2015			2014
Balance at January 1,	$	67.9		$	131.5		$	110.1
Additions based on tax positions related to the current period	7.2			10.5			20.8
Additions for tax positions of prior periods	36.3			19.5			86.1
Reductions for tax positions of prior periods	(13.3		)	(49.9		)	(23.4		)
Statute expirations	(1.4		)	(1.2		)	(1.6		)
Settlements	(64.3		)	(42.5		)	(60.5		)
Balance at December 31,	$	32.4		$	67.9		$	131.5