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Additional Balance Sheet Detail (Tables)
12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid, and Other Assets
“Prepaid expenses and other current assets” consisted of the following:
As of December 31,
20222021
(in millions)
Tax related prepaid and receivables$319.8 $358.6 
Prepaid expenses111.8 83.5 
Fair value of cash flow hedges47.5 44.5 
Other74.4 59.2 
Total
$553.5 $545.8 
Summary of Accrued Expenses
“Accrued expenses” consisted of the following:
As of December 31,
20222021
(in millions)
Product revenue accruals$1,300.8 $847.4 
Payroll and benefits246.5 191.3 
Research, development and commercial contract costs198.7 171.6 
Royalty payable215.0 200.4 
Tax related accruals
123.3 211.3 
Other
42.4 56.6 
Total
$2,126.7 $1,678.6 
Summary of Other Current Liabilities
“Other current liabilities” consisted of the following:
As of December 31,
20222021
(in millions)
Contract liabilities$159.6 $171.7 
Finance lease liabilities40.8 46.9 
Operating lease liabilities48.6 33.3 
Other62.5 16.5 
Total$311.5 $268.4 
Summary of Other Long Term Liabilities
“Other long-term liabilities” consisted of the following:
As of December 31,
20222021
(in millions)
Tax related liabilities$452.8 $— 
Contingent consideration114.4 186.5 
Other118.6 116.8 
Total$685.8 $303.3 
Schedule of Additional Cash Flow Information
The cash, cash equivalents and restricted cash balances at the beginning and ending of each period presented in our consolidated statements of cash flows consisted of the following:
As of December 31,
2022202120202019
(in millions)
Cash and cash equivalents$10,504.0 $6,795.0 $5,988.2 $3,109.3 
Prepaid expenses and other current assets
8.0 5.1 0.7 8.0 
Other assets
— — — 3.4 
Cash, cash equivalents and restricted cash per consolidated statements of cash flows$10,512.0 $6,800.1 $5,988.9 $3,120.7