Borrowings and Capital Lease (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of Borrowings

Below is a summary of the Baxalta Notes as of September 30, 2017:

(In millions, except %)	Aggregate principal		Coupon rate		Effective interest rate in 2017		Carrying amount as of September 30, 2017
Variable-rate notes due 2018	$	375.0	LIBOR plus 0.78%		2.60	%	$	373.3
Fixed-rate notes due 2018	375.0		2.000	%	2.00	%	374.9
Fixed-rate notes due 2020	1,000.0		2.875	%	2.80	%	1,004.3
Fixed-rate notes due 2022	500.0		3.600	%	3.30	%	507.2
Fixed-rate notes due 2025	1,750.0		4.000	%	3.90	%	1,774.6
Fixed-rate notes due 2045	1,000.0		5.250	%	5.20	%	1,030.9
Total assumed Senior Notes	$	5,000.0					$	5,065.2

Below is a summary of the SAIIDAC Notes as of September 30, 2017:

(In millions, except %)	Aggregate amount		Coupon rate		Effective interest rate in 2017		Carrying amount as of September 30, 2017
Fixed-rate notes due 2019	$	3,300.0	1.900	%	2.05	%	$	3,290.8
Fixed-rate notes due 2021	3,300.0		2.400	%	2.53	%	3,285.6
Fixed-rate notes due 2023	2,500.0		2.875	%	2.97	%	2,489.2
Fixed-rate notes due 2026	3,000.0		3.200	%	3.30	%	2,982.1
	$	12,100.0					$	12,047.7

(In millions)	September 30, 2017		December 31, 2016
Short term borrowings:
Baxalta notes	$	748.2	$	—
Borrowings under the Revolving Credit Facilities Agreement	1,050.0		450.0
Borrowings under the November 2015 Facilities Agreement	799.6		2,594.8
Capital leases	7.0		6.4
Other borrowings	24.4		16.8
	$	2,629.2	$	3,068.0
Long term borrowings:
SAIIDAC notes	$	12,047.7	$	12,039.2
Baxalta notes	4,317.0		5,063.6
Borrowings under the November 2015 Facilities Agreement	1,195.6		2,391.8
Capital leases	342.1		347.2
Other borrowings	53.6		58.0
	$	17,956.0	$	19,899.8
Total borrowings and capital leases	$	20,585.2	$	22,967.8