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Consolidated Condensed Statements of Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Employee Benefit Trust
Accumulated Other Comprehensive Loss
Common Stock in Treasury
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2018   1,057,639         604  
Balance at beginning of period at Dec. 31, 2018   $ 661.0 $ 6,583.6 $ 11,395.9 $ (3,013.2) $ (5,729.2) $ (69.4) $ 1,080.4
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       5,568.8       21.1
Other comprehensive income (loss), net of tax           128.7   11.0
Cash dividend declared       (1,178.1)        
Retirement of treasury shares (in shares)   (94,627)         (94,627)  
Retirement of treasury shares   $ (59.1)   (11,468.5)     $ 11,527.5  
Purchase of treasury shares (in shares)             29,626  
Purchase of treasury shares             $ (3,500.0)  
Issuance of stock under employee stock plans, net (in shares)   2,945         (63)  
Issuance of stock under employee stock plans, net   $ 1.8 (204.4)       $ 7.3  
Stock-based compensation     155.3          
Acquisition of common stock in exchange offer             $ (8,027.5)  
Acquisition of common stock in exchange offer (in shares)             65,001  
Deconsolidation of Elanco               (1,028.9)
Other               (6.8)
Ending balance (in shares) at Jun. 30, 2019   965,957         541  
Balance at end of period at Jun. 30, 2019   $ 603.7 6,534.5 4,318.1 (3,013.2) (5,600.5) $ (62.1) 76.8
Beginning balance (in shares) at Mar. 31, 2019   971,363         541  
Balance at beginning of period at Mar. 31, 2019   $ 607.1 5,756.6 4,879.4 (3,013.2) (5,687.5) $ (62.1) 84.7
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       1,327.2       (1.1)
Other comprehensive income (loss), net of tax           87.0    
Cash dividend declared       (1,178.1)        
Retirement of treasury shares (in shares)   (5,430)         (5,430)  
Retirement of treasury shares   $ (3.4)   (696.6)     $ 700.0  
Purchase of treasury shares (in shares)             5,430  
Purchase of treasury shares     700.0       $ (700.0)  
Issuance of stock under employee stock plans, net (in shares)   24            
Issuance of stock under employee stock plans, net     (1.6)          
Stock-based compensation     79.5          
Other       (13.8)       (6.8)
Ending balance (in shares) at Jun. 30, 2019   965,957         541  
Balance at end of period at Jun. 30, 2019   $ 603.7 6,534.5 4,318.1 (3,013.2) (5,600.5) $ (62.1) 76.8
Beginning balance (in shares) at Dec. 31, 2019   958,056         530  
Balance at beginning of period at Dec. 31, 2019 $ 2,699.1 $ 598.8 6,685.3 4,920.4 (3,013.2) (6,523.6) $ (60.8) 92.2
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       2,868.5       100.7
Other comprehensive income (loss), net of tax           (159.3)    
Cash dividend declared       (674.0)        
Retirement of treasury shares (in shares)   (3,627)         (3,627)  
Retirement of treasury shares   $ (2.3)   (497.7)     $ 500.0  
Purchase of treasury shares (in shares) [1]             3,627  
Purchase of treasury shares [1]             $ (500.0)  
Issuance of stock under employee stock plans, net (in shares)   2,524         (43)  
Issuance of stock under employee stock plans, net   $ 1.6 (204.1)       $ 5.1  
Stock-based compensation     148.6          
Other     (0.4)         (13.8)
Ending balance (in shares) at Jun. 30, 2020   956,953         487  
Balance at end of period at Jun. 30, 2020 4,272.0 $ 598.1 6,629.4 6,617.2 (3,013.2) (6,682.9) $ (55.7) 179.1
Beginning balance (in shares) at Mar. 31, 2020   956,929         487  
Balance at beginning of period at Mar. 31, 2020   $ 598.1 6,556.1 5,879.4 (3,013.2) (6,885.9) $ (55.7) 118.4
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       1,412.0       74.5
Other comprehensive income (loss), net of tax           203.0    
Cash dividend declared       (674.0)        
Issuance of stock under employee stock plans, net (in shares)   24            
Issuance of stock under employee stock plans, net     (3.1)          
Stock-based compensation     76.8          
Other     (0.4) (0.2)       (13.8)
Ending balance (in shares) at Jun. 30, 2020   956,953         487  
Balance at end of period at Jun. 30, 2020 $ 4,272.0 $ 598.1 $ 6,629.4 $ 6,617.2 $ (3,013.2) $ (6,682.9) $ (55.7) $ 179.1
[1] As of June 30, 2020, there was $1.00 billion remaining under our $8.00 billion share repurchase program authorized in June 2018.