Other Consolidated Financial Statement Detail (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other income (expense), net

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

	For the Three Months Ended March 31,
(In millions)	2021		2020
Interest income	$	2.9	$	24.4
Interest expense	(64.7)		(44.3)
Gain (loss) on investments, net	(436.6)		(77.3)
Foreign exchange gains (losses), net	(8.6)		(18.9)
Other, net	0.1		(4.4)
Total other income (expense), net	$	(506.9)	$	(120.5)

Gain (loss) on investments in equity securities

The following table summarizes our gain (loss) on investments, net that relates to our equity securities held as of March 31, 2021 and 2020:

	For the Three Months Ended March 31,
(In millions)	2021		2020
Net gains (losses) recognized during the period on equity securities	$	(436.1)	$	(60.9)
Less: Net gains (losses) recognized during the period on equity securities sold during the period	6.2		—
Unrealized gains (losses) recognized during the period on equity securities	$	(442.3)	$	(60.9)

Accrued expenses and other

Accrued expense and other consists of the following:

(In millions)	As of March 31, 2021		As of December 31, 2020
Revenue-related reserves for discounts and allowances	$	993.0	$	1,080.6
Collaboration expense	390.7		389.9
Royalties and licensing fees	212.5		218.5
Employee compensation and benefits	207.4		333.8
Derivative liabilities	88.6		181.5
Current portion of contingent consideration obligations	—		149.6
Other	700.1		791.4
Total accrued expense and other	$	2,592.3	$	3,145.3