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Other Consolidated Financial Statement Detail
 3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Consolidated Financial Statement Detail
Other Consolidated Financial Statement Detail
Other Income (Expense), Net
Components of other income (expense), net, are summarized as follows:
 
For the Three Months
Ended March 31,
(In millions)
2018
 
2017
Interest income
$
26.7

 
$
16.7

Interest expense
(50.5
)
 
(63.4
)
Gain (loss) on investments, net
(14.4
)
 
2.4

Foreign exchange gains (losses), net
(1.0
)
 
4.0

Other, net
(1.8
)
 
2.3

Total other income (expense), net
$
(41.0
)
 
$
(38.0
)

Other Current Assets
Other current assets were $895.9 million and $962.0 million as of March 31, 2018 and December 31, 2017, and include prepaid taxes totaling $587.5 million and $657.6 million, respectively.
Accrued Expenses and Other
Accrued expenses and other consists of the following:
(In millions)
As of
March 31,
2018
 
As of
December 31,
2017
Revenue-related reserves for discounts and allowances
$
657.5

 
$
572.0

Current portion of contingent consideration obligations
524.3

 
844.6

Royalties and licensing fees
194.6

 
206.7

Employee compensation and benefits
186.7

 
297.7

Construction in progress
178.2

 
159.7

Collaboration expenses
176.4

 
183.7

Other
653.4

 
636.9

Total accrued expenses and other
$
2,571.1

 
$
2,901.3