Other Consolidated Financial Statement Detail (Tables)

9 Months Ended

Sep. 30, 2019

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)	2019			2018			2019			2018
Interest income	$	30.5		$	26.0		$	90.8		$	81.4
Interest expense	(45.8		)	(49.0		)	(141.4		)	(151.2		)
Gain (loss) on investments, net	(4.1		)	141.1			198.9			132.0
Foreign exchange gains (losses), net	(4.2		)	0.2			(4.7		)	(13.8		)
Other, net	(3.7		)	(3.2		)	(11.0		)	(8.8		)
Total other income (expense), net	$	(27.3	)	$	115.1		$	132.6		$	39.6

The following table summarizes our gain (loss) on investments, net that relates to our equity securities held as of September 30, 2019:



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(In millions)	2019			2018		2019		2018
Net gains (losses) recognized during the period on equity securities	$	(4.6	)	$	141.2	$	197.3	$	139.7
Less: Net gains (losses) recognized during the period on equity securities sold during the period	$	4.4		$	—	$	46.8	$	(0.5	)
Unrealized gains (losses) recognized during the period on equity securities held as of September 30, 2019	$	(9.0	)	$	141.2	$	150.5	$	140.2

Accrued expenses and other consists of the following:



(In millions)	As of September 30, 2019		As of December 31, 2018
Revenue-related reserves for discounts and allowances	$	884.2	$	874.7
Employee compensation and benefits	259.5		320.9
Royalties and licensing fees	222.3		224.7
Collaboration expenses	188.7		261.6
Current portion of contingent consideration obligations	147.5		444.8
Construction in progress	49.5		125.2
Other	677.4		609.3
Total accrued expenses and other	$	2,429.1	$	2,861.2