Other Consolidated Financial Statement Detail (Tables)

6 Months Ended

Jun. 30, 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 June 30,				For the Six Months Ended June 30,
(In millions)	2021		2020		2021		2020
Interest income	$	2.7	$	7.6	$	5.6	$	32.0
Interest expense	(56.4)		(66.0)		(121.1)		(110.3)
Gain (loss) on investments, net	153.9		106.8		(282.7)		29.5
Foreign exchange gains (losses), net	(0.8)		10.4		(9.4)		(8.5)
Other, net	(3.0)		4.2		(2.9)		(0.2)
Total other income (expense), net	$	96.4	$	63.0	$	(410.5)	$	(57.5)

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 June 30, 2021 and 2020:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(In millions)	2021		2020		2021		2020
Net gains (losses) recognized during the period on equity securities	$	154.3	$	102.9	$	(281.8)	$	42.0
Less: Net gains (losses) realized during the period on equity securities	0.4		—		6.6		—
Unrealized gains (losses) recognized during the period on equity securities	$	153.9	$	102.9	$	(288.4)	$	42.0

Accrued expenses and other

Accrued expense and other consists of the following:

(In millions)	As of June 30, 2021		As of December 31, 2020
Revenue-related reserves for discounts and allowances	$	1,042.1	$	1,080.6
Collaboration expense	383.4		389.9
Employee compensation and benefits	242.5		333.8
Royalties and licensing fees	240.3		218.5
Derivative liabilities	72.4		181.5
Current portion of contingent consideration obligations	—		149.6
Other	760.3		791.4
Total accrued expense and other	$	2,741.0	$	3,145.3