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Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2011
Share-based Payments [Abstract]  
Share-based compensation expense included in consolidated statements of income
                         
    For the Years Ended December 31,  

(In millions)

  2011     2010     2009  

Research and development

  $ 62.0     $ 62.7     $ 60.8  

Selling, general and administrative

    88.7       123.6       106.4  

Restructuring charges

    (0.6     6.8        
   

 

 

   

 

 

   

 

 

 

Subtotal

    150.1       193.1       167.2  

Capitalized share-based compensation costs

    (4.5     (3.5     (6.3
   

 

 

   

 

 

   

 

 

 

Share-based compensation expense included in total cost and expenses

    145.6       189.6       160.9  

Income tax effect

    (44.6     (60.3     (49.4
   

 

 

   

 

 

   

 

 

 

Share-based compensation expense included in net income attributable to Biogen Idec Inc.

  $ 101.0     $ 129.3     $ 111.5  
   

 

 

   

 

 

   

 

 

 
Summary of share-based compensation expense associated with different programs
                         
   

For the Years Ended December 31,

 

(In millions)

     2011           2010           2009     

Stock options

  $ 5.9     $ 26.1     $ 21.6  

Market stock units

    14.6       10.0        

Time-vested restricted stock units

    89.6       129.4       133.7  

Performance-vested restricted stock units settled in shares

    1.0       5.3       4.6  

Cash settled performance shares

    32.7       15.0        

Employee stock purchase plan

    6.3       7.3       7.3  
   

 

 

   

 

 

   

 

 

 

Subtotal

    150.1       193.1       167.2  

Capitalized share-based compensation costs

    (4.5     (3.5     (6.3
   

 

 

   

 

 

   

 

 

 

Share-based compensation expense included in total cost and expenses

  $ 145.6     $ 189.6     $ 160.9  
   

 

 

   

 

 

   

 

 

 
Weighted average assumptions to estimate fair value of stock option grants awarded
                         
   

For the Years Ended December 31,

 
       2011           2010           2009     

Expected option life (in years)

    *     4.5       4.7  

Expected stock price volatility

    *     30.8     39.3

Risk-free interest rate

    *     2.0     1.9

Expected dividend yield

    *     0.0     0.0

Per share grant-date fair value

    *   $ 16.52     $ 18.00  
Stock option activity
                 
    Shares     Weighted
Average
Exercise
Price
 

Outstanding at December 31, 2010

    7,167,000     $ 55.43  

Granted

        $  

Exercised

    (5,235,000   $ 56.40  

Cancelled

    (241,000   $ 53.30  
   

 

 

         

Outstanding at December 31, 2011

    1,691,000     $ 52.75  
   

 

 

         
Tax benefit and cash received from stock option
                         
   

For the Years Ended December 31,

 

(In millions)

     2011           2010           2009     

Tax benefit realized for stock options

  $ 47.5     $ 16.0     $ 1.5  

Cash received from the exercise of stock options

  $ 291.9     $ 160.0     $ 25.2  
Market Stock Units Activity
                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at December 31, 2010

    398,000     $ 61.87  

Granted (a)

    398,000     $ 74.19  

Vested

    (119,000   $ 59.89  

Forfeited

    (96,000   $ 65.37  
   

 

 

         

Unvested at December 31, 2011

    581,000     $ 69.49  
   

 

 

         
Assumptions used in valuation of market based stock units
         
    For the Years Ended December 31,
    2011   2010

Expected dividend yield

  0%   0%

Range of expected stock price volatility

  25.7% - 33.4%   28.3% - 38.8%

Range of risk-free interest rates

  0.3% - 1.9%   0.3% - 2.0%

60 calendar day average stock price on grant date

  $66.78 - $101.16   $49.08 - $54.12

Weighted-average per share grant date fair value

  $ 74.19   $ 61.87
Cash settled performance shares
         

(In thousands)

  Shares  

Unvested at December 31, 2010

    370,000  

Granted (a)

    490,000  

Vested

    (187,000

Forfeited

    (111,000
   

 

 

 

Unvested at December 31, 2011

    562,000  
   

 

 

 
Time-Vested Restricted Stock Units Activity
                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at December 31, 2010

    4,223,000     $ 53.26  

Granted

    1,398,000     $ 70.01  

Vested

    (1,980,000   $ 53.72  

Forfeited

    (717,000   $ 54.20  
   

 

 

         

Unvested at December 31, 2011

    2,924,000     $ 60.72  
   

 

 

         
Performance-Vested Restricted Stock Units (PVRSUs) Activity
                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at December 31, 2010

    154,000     $ 49.24  

Granted (a)

    1,000     $ 53.64  

Vested

    (75,000   $ 49.51  

Forfeited

    (33,000   $ 48.61  
   

 

 

         

Unvested at December 31, 2011

    47,000     $ 49.34  
   

 

 

         
Shares issued under employee stock purchase plan
                         
    For the Years Ended December 31,  

(In millions)

  2011     2010     2009  

Shares issued under ESPP

    0.4       0.6       0.6  

Cash received under ESPP

  $   22.8     $   23.5     $   22.6