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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Product revenues, net $ 11,020.1 $ 9,869.2 $ 8,930.7
Costs and expenses:      
Cost of sales 1,530.5 1,262.2 1,080.3
Research and development expenses 3,630.3 3,162.9 2,540.3
Acquired in-process research and development expenses 4,628.4 527.1 115.5
Selling, general and administrative expenses 1,464.3 1,136.6 944.7
Change in fair value of contingent consideration (0.5) (51.6) (57.5)
Total costs and expenses 11,253.0 6,037.2 4,623.3
(Loss) income from operations (232.9) 3,832.0 4,307.4
Interest income 598.1 614.7 144.6
Interest expense (30.6) (44.1) (54.8)
Other income (expense), net (86.1) (22.8) (164.8)
Income before provision for income taxes 248.5 4,379.8 4,232.4
Provision for income taxes 784.1 760.2 910.4
Net (loss) income $ (535.6) $ 3,619.6 $ 3,322.0
Net (loss) income per common share:      
Basic (in dollars per share) $ (2.08) $ 14.05 $ 12.97
Diluted (in dollars per share) $ (2.08) $ 13.89 $ 12.82
Shares used in per share calculations:      
Basic (in shares) 257.9 257.7 256.1
Diluted (in shares) 257.9 260.5 259.1