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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 1,610.3 $ 2,017.6
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and acquired in-process research and development 814.6 325.1
Share-based compensation 67.3 84.1
Deferred income taxes (20.5) (30.2)
Other 73.5 28.9
Changes in operating assets and liabilities, net:    
Accounts receivable (301.2) (65.0)
Inventory (85.3) (128.3)
Accrued expenses and other current liabilities (452.3) (116.4)
Income tax assets and liabilities (114.7) (76.7)
Other changes in operating assets and liabilities, net (187.3) (25.1)
Net cash flows provided by operating activities 1,404.4 2,014.0
Cash flows from investing activities:    
Proceeds from sales and maturities of marketable securities 3,584.5 2,823.6
Purchases of marketable securities (2,536.0) (3,833.3)
Contingent consideration related to Fumapharm AG acquisition 600.0 600.0
Acquired in-process research and development (120.0) 0.0
Purchases of property, plant and equipment (407.7) (263.7)
Acquisitions of intangible assets (860.3) 0.0
Other (7.3) (65.9)
Net cash flows used in investing activities (946.8) (1,939.3)
Cash flows from financing activities:    
Purchases of treasury stock (1,365.4) 0.0
Payments related to issuance of stock for share-based compensation arrangements, net (17.8) (21.9)
Net cash contribution to Bioverativ Inc. 302.7 0.0
Other 33.5 1.1
Net cash flows used in financing activities (1,652.4) (20.8)
Net (decrease) increase in cash and cash equivalents (1,194.8) 53.9
Effect of exchange rate changes on cash and cash equivalents 37.8 0.1
Cash and cash equivalents, beginning of the period 2,326.5 1,308.0
Cash and cash equivalents, end of the period $ 1,169.5 $ 1,362.0