Other Consolidated Financial Statement Detail

Other Income (Expense), Net

Components of other income (expense), net, are summarized as follows:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(In millions)	2018			2017			2018			2017
Interest income	$	28.7		$	16.9		$	55.4		$	33.6
Interest expense	(51.7		)	(63.6		)	(102.2		)	(127.0		)
Gain (loss) on investments, net	5.3			(13.4		)	(9.1		)	(11.0		)
Foreign exchange gains (losses), net	(13.0		)	(2.3		)	(14.0		)	1.7
Other, net	(3.8		)	(6.2		)	(5.6		)	(3.9		)
Total other income (expense), net	$	(34.5	)	$	(68.6	)	$	(75.5	)	$	(106.6	)

Other Current Assets

Other current assets were $843.3 million and $962.0 million as of June 30, 2018 and December 31, 2017, and include prepaid taxes totaling $508.3 million and $657.6 million, respectively.

Accrued Expenses and Other

Accrued expenses and other consists of the following:



(In millions)	As of June 30, 2018		As of December 31, 2017
Revenue-related reserves for discounts and allowances	$	702.8	$	572.0
Current portion of contingent consideration obligations	529.4		844.6
Royalties and licensing fees	218.2		206.7
Employee compensation and benefits	209.8		297.7
Construction in progress	179.3		159.7
Collaboration expenses	156.1		183.7
Other	638.1		636.9
Total accrued expenses and other	$	2,633.7	$	2,901.3

Other Long-term Liabilities

Other long-term liabilities were $1,457.6 million and $1,628.7 million as of June 30, 2018 and December 31, 2017, and include accrued income taxes totaling $813.7 million and $979.8 million, respectively.