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Additional Balance Sheet & Cash Flow Information (Tables)
 12 Months Ended
Dec. 31, 2024
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,
20242023
(in millions)
Tax-related prepaid and receivables$357.0 $429.0 
Prepaid expenses102.2 108.6 
Fair value of cash flow hedges130.1 1.8 
Other76.4 84.3 
Total
$665.7 $623.7 
Schedule of Accrued Expenses
“Accrued expenses” consisted of the following:
As of December 31,
20242023
(in millions)
Product revenue accruals$1,618.9 $1,716.4 
Payroll and benefits352.1 295.0 
Research, development and commercial contract costs319.2 265.2 
Royalty payable271.0 237.6 
Tax related accruals
161.1 99.5 
Other
66.3 41.6 
Total
$2,788.6 $2,655.3 
Schedule of Other Current Liabilities
“Other current liabilities” consisted of the following:
As of December 31,
20242023
(in millions)
Milestones payable$32.5 $222.5 
Contract liabilities206.8 170.3 
Operating lease liabilities87.1 33.1 
Finance lease liabilities5.2 50.6 
Other31.4 50.7 
Total$363.0 $527.2 
Schedule of Other Long Term Liabilities
“Other long-term liabilities” consisted of the following:
As of December 31,
20242023
(in millions)
Tax-related liabilities$698.6 $681.4 
Contingent consideration76.9 77.4 
Other126.3 118.9 
Total$901.8 $877.7 
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,
2024202320222021
(in millions)
Cash and cash equivalents$4,569.6 $10,369.1 $10,504.0 $6,795.0 
Prepaid expenses and other current assets
2.6 3.2 8.0 5.1 
Cash, cash equivalents and restricted cash per consolidated statements of cash flows$4,572.2 $10,372.3 $10,512.0 $6,800.1