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Other Consolidated Financial Statement Detail (Tables)
 12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental cash flow information
Supplemental disclosure of cash flow information for the years ended December 31, 2019, 2018 and 2017, is as follows:
 
For the Years Ended December 31,
(In millions)
2019
 
2018
 
2017
Cash paid during the year for:
 
 
 
 
 
Interest
$
244.2

 
$
243.2

 
$
281.7

Income taxes
$
1,064.5

 
$
1,007.1

 
$
1,066.4
Other income (expense), net
Components of other income (expense), net, are summarized as follows:
 
For the Years Ended December 31,
(In millions)
2019
 
2018
 
2017
Interest income
$
120.0

 
$
112.5

 
$
78.5

Interest expense
(187.4
)
 
(200.6
)
 
(250.8
)
Gain (loss) on investments, net
204.7

 
119.5

 
(36.3
)
Foreign exchange gains (losses), net
(7.0
)
 
(9.9
)
 
6.3

Other, net
(47.0
)
 
(10.5
)
 
(14.7
)
Total other income (expense), net
$
83.3

 
$
11.0

 
$
(217.0
)
Gain (loss) on investments
The following table summarizes our gain (loss) on investments, net that relates to our equity securities held as of December 31, 2019, 2018 and 2017:
 
For the Years Ended December 31,
(In millions)
2019
 
2018
 
2017
Net gains (losses) recognized during the period on equity securities
$
200.1

 
$
127.9

 
$
(19.8
)
Less: Net gains (losses) recognized during the period on equity securities sold during the period
$
50.0

 
$
(0.6
)
 
$
—

Unrealized gains (losses) recognized during the period on equity securities held as of December 31
$
150.1

 
$
128.5

 
$
(19.8
)
Accrued expenses and other
Accrued expenses and other consists of the following:
 
As of December 31,
(In millions)
2019
 
2018
Revenue-related reserves for discounts and allowances
$
1,001.1

 
$
874.7

Employee compensation and benefits
309.1

 
320.9

Collaboration expenses
281.6

 
261.6

Royalties and licensing fees
220.9

 
224.7

Current portion of contingent consideration obligations
148.4

 
444.8

Construction in progress
78.0

 
125.2

Other
726.7

 
609.3

Total accrued expenses and other
$
2,765.8

 
$
2,861.2