Other Consolidated Financial Statement Detail (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Interest income	$	2.6	$	6.0	$	8.2	$	38.0
Interest expense	(66.3)		(56.3)		(187.3)		(166.5)
Gain (loss) on investments, net	(424.5)		(82.1)		(707.2)		(52.6)
Foreign exchange gains (losses), net	(13.7)		3.1		(23.1)		(5.4)
Other, net	(1.0)		0.7		(4.0)		0.4
Total other income (expense), net	$	(502.9)	$	(128.6)	$	(913.4)	$	(186.1)

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 September 30, 2021 and 2020:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Net gains (losses) recognized during the period on equity securities	$	(424.2)	$	(82.3)	$	(705.9)	$	(40.3)
Less: Net gains (losses) realized during the period on equity securities	2.7		—		9.3		—
Unrealized gains (losses) recognized during the period on equity securities	$	(426.9)	$	(82.3)	$	(715.2)	$	(40.3)

Accrued expenses and other

Accrued expense and other consists of the following:

(In millions)	As of September 30, 2021		As of December 31, 2020
Revenue-related reserves for discounts and allowances	$	982.4	$	1,080.6
Collaboration expense	289.3		389.9
Employee compensation and benefits	299.2		333.8
Royalties and licensing fees	238.9		218.5
Derivative liabilities	27.7		181.5
Current portion of contingent consideration obligations	—		149.6
Other	713.2		791.4
Total accrued expense and other	$	2,550.7	$	3,145.3