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Consolidated and Combined Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Net Parent Company Investment
Net Parent Company Investment
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[3]
Cash Flow Hedge
Foreign Currency Translation
Defined Benefit Pension and Retiree Health Benefit Plans
Total
Total
Cumulative Effect, Period of Adoption, Adjustment
[3]
Balance at beginning of period (in shares) at Dec. 31, 2017     293.3                    
Balance at beginning of period at Dec. 31, 2017 $ 7,780.3 $ (0.3) $ 0.0 $ 0.0 $ 8,036.9 $ (0.3) $ 0.0   $ 0.0 $ (227.2) $ (29.4) $ (256.6)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income (loss) 86.5       70.1   16.4            
Other comprehensive income (loss), net of tax (21.7)                 (47.1) 25.4 (21.7)  
Transfers (to)/from Lilly, net (226.3)       (226.3)                
Separation adjustments [1] 99.6       43.5         56.1   56.1  
Issuance of common stock (in shares)     72.3                    
Issuance of common stock 1,659.7     1,659.7                  
Consideration to Lilly in connection with Separation (4,194.9)     (4,194.9)                  
Reclassification of net parent company investment 0.0     7,923.9 (7,923.9)                
Stock compensation 1.8     1.8                  
Capital contribution from Lilly 12.8     12.8                  
Balance at end of period (in shares) at Dec. 31, 2018     365.6                    
Balance at end of period at Dec. 31, 2018 5,197.5   $ 0.0 5,403.3 0.0   16.4   0.0 (218.2) (4.0) (222.2)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income (loss) 67.9           67.9            
Other comprehensive income (loss), net of tax 48.5                 19.8 28.7 48.5  
Separation adjustments [2] (51.2)     (51.2)               0.0  
Stock compensation 40.7     40.7                  
Issuance of stock under employee stock plans, net (in shares)     0.1                    
Issuance of shares for acquisition (in shares)     7.2                    
Issuance of shares for acquisition 238.0     238.0                  
Accelerated vesting of equity awards (in shares)     0.1                    
Accelerated vesting of equity awards 3.6     3.6                  
Other 1.9     1.9                  
Balance at end of period (in shares) at Dec. 31, 2019     373.0                    
Balance at end of period at Dec. 31, 2019 $ 5,546.9 $ (1.4) [3] $ 0.0 5,636.3 0.0   84.3 $ (1.4) 0.0 (198.4) 24.7 (173.7) $ 0.0
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income (loss) $ (560.1)           (560.1)            
Other comprehensive income (loss), net of tax 476.7 [2]               (60.4) 558.2 (21.1) 476.7  
Separation adjustments [2] 38.0     38.0                  
Stock compensation 47.7     47.7                  
Issuance of stock under employee stock plans, net (in shares)     1.0                    
Issuance of stock under employee stock plans, net (14.4)     (14.4)                  
Issuance of common stock and tangible equity units, net of issuance costs (in shares)     25.0                    
Issuance of common stock and tangible equity units, net of issuance costs 1,220.0 [3]     1,220.0                  
Issuance of shares for acquisition (in shares)     72.9                    
Issuance of shares for acquisition 1,722.8 [3]     1,722.8                  
Other (0.3) [3]     (0.3)                  
Balance at end of period (in shares) at Dec. 31, 2020     471.9                    
Balance at end of period at Dec. 31, 2020 $ 8,475.9   $ 0.0 $ 8,650.1 $ 0.0   $ (477.2)   $ (60.4) $ 359.8 $ 3.6 $ 303.0  
[1] See Note 3: Impact of Separation for further discussion.
[2] See Note 21: Related Party Agreements and Transactions for further discussion.
[3] See Note 4: Summary of Significant Accounting Policies for further discussion.