Other Consolidated Financial Statement Detail

Other Income (Expense), Net

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(In millions)	2018			2017			2018			2017
Interest income	$	26.0		$	20.6		$	81.4		$	54.2
Interest expense	(49.0		)	(61.8		)	(151.2		)	(188.8		)
Gain (loss) on investments, net	141.1			(4.0		)	132.0			(15.0		)
Foreign exchange gains (losses), net	0.2			6.7			(13.8		)	8.4
Other, net	(3.2		)	(5.5		)	(8.8		)	(9.4		)
Total other income (expense), net	$	115.1		$	(44.0	)	$	39.6		$	(150.6	)

For the three and nine months ended September 30, 2018, gain (loss) on investments, net, as reflected in the table above, substantially relate to marketable equity securities held at September 30, 2018.

Other Current Assets

Other current assets were $848.3 million and $962.0 million as of September 30, 2018 and December 31, 2017, and include prepaid taxes totaling $431.8 million and $657.6 million, respectively.

Accrued Expenses and Other

Accrued expenses and other consists of the following:



(In millions)	As of September 30, 2018		As of December 31, 2017
Revenue-related reserves for discounts and allowances	$	758.5	$	572.0
Current portion of contingent consideration obligations	381.5		844.6
Employee compensation and benefits	274.1		297.7
Royalties and licensing fees	226.3		206.7
Construction in progress	196.6		159.7
Collaboration expenses	101.5		183.7
Other	640.0		636.9
Total accrued expenses and other	$	2,578.5	$	2,901.3

Other Long-term Liabilities

Other long-term liabilities were $1,511.8 million and $1,628.7 million as of September 30, 2018 and December 31, 2017, and include accrued income taxes totaling $786.9 million and $979.8 million, respectively.