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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Product sales $ 3,637.1 $ 3,412.3
Royalties and other revenues 128.6 160.0
Total revenues 3,765.7 3,572.3
Costs and expenses:    
Cost of sales 1,132.4 1,327.0
Research and development 405.2 379.3
Selling, general and administrative 804.8 888.9
Amortization of acquired intangible assets 484.0 364.0
Integration and acquisition costs 239.7 116.0
Reorganization costs 5.3 5.5
Gain on sale of product rights 0.0 (5.5)
Total operating expenses 3,071.4 3,075.2
Operating income from continuing operations 694.3 497.1
Interest income 2.6 3.1
Interest expense (127.0) (142.3)
Other income, net 23.2 4.5
Total other expense, net (101.2) (134.7)
Income from continuing operations before income taxes and equity in earnings/(losses) of equity method investees 593.1 362.4
Income taxes (43.3) (6.8)
Equity in earnings/(losses) of equity method investees, net of taxes 0.8 (0.8)
Income from continuing operations, net of taxes 550.6 354.8
Gain from discontinued operations, net of taxes 0.0 20.2
Net income $ 550.6 $ 375.0
Earnings per Ordinary Share – basic    
Earnings from continuing operations (in usd per share) $ 0.61 $ 0.39
Earnings from discontinued operations (in usd per share) 0.00 0.02
Earnings per Ordinary Share - basic (in usd per share) 0.61 0.41
Earnings per Ordinary Share – diluted    
Earnings from continuing operations (in usd per share) 0.60 0.39
Earnings from discontinued operations (in usd per share) 0.00 0.02
Earnings per Ordinary Share - diluted (in usd per share) $ 0.60 $ 0.41
Weighted average number of shares:    
Basic (in shares) 909.5 904.1
Diluted (in shares) 912.1 911.8