Stock-based Compensation Expense and Share Repurchase Programs (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense by Line Item

During the three and nine months ended September 30, 2022 and 2021, we recognized the following stock-based compensation expense:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs)	$	130.3	$	89.5	$	351.5	$	279.1
Stock options	3.1		7.9		14.9		29.6
ESPP share issuances	1.9		6.3		13.0		17.9
Stock-based compensation expense related to inventories	0.3		(0.7)		0.4		(3.8)
Total stock-based compensation expense included in “Total costs and expenses”	$	135.6	$	103.0	$	379.8	$	322.8
Stock-based compensation expense by line item:
Cost of sales	$	2.4	$	1.6	$	7.0	$	4.6
Research and development expenses	80.0		61.0		229.9		196.4
Selling, general and administrative expenses	53.2		40.4		142.9		121.8
Total stock-based compensation expense included in costs and expenses	135.6		103.0		379.8		322.8
Income tax effect	(38.8)		(21.6)		(101.3)		(73.7)
Total stock-based compensation expense, net of tax	$	96.8	$	81.4	$	278.5	$	249.1