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Consolidated Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 4,076,900,000 $ 6,822,700,000
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Gain related to disposition of Elanco (Note 5) 0 (3,680,500,000)
Depreciation and amortization 956,400,000 891,900,000
Change in deferred income taxes 66,200,000 (23,400,000)
Stock-based compensation expense 220,300,000 230,800,000
Net investment gains (909,500,000) (177,600,000)
Acquired in-process research and development (Note 3) 294,100,000 239,600,000
Other changes in operating assets and liabilities, net of acquisitions and divestitures (232,200,000) (1,763,700,000)
Other non-cash operating activities, net 212,200,000 333,100,000
Net Cash Provided by Operating Activities 4,684,400,000 2,872,900,000
Cash Flows from Investing Activities    
Net purchases of property and equipment (933,200,000) (707,400,000)
Proceeds from sales and maturities of short-term investments 118,800,000 116,300,000
Purchases of short-term investments (11,400,000) (34,100,000)
Proceeds from sales of noncurrent investments 574,100,000 498,400,000
Purchases of noncurrent investments (223,700,000) (196,700,000)
Cash paid for acquisitions, net of cash acquired (Note 3) (849,300,000) (6,917,700,000)
Purchases of in-process research and development (276,400,000) (319,600,000)
Other investing activities, net 16,300,000 (480,700,000)
Net Cash Used for Investing Activities (1,584,800,000) (8,041,500,000)
Cash Flows from Financing Activities    
Dividends paid (2,017,100,000) (1,822,600,000)
Net change in short-term borrowings (914,300,000)  
Net change in short-term borrowings   1,058,900,000
Proceeds from issuance of long-term debt 2,062,300,000 4,448,300,000
Repayments of long-term debt (276,300,000) (600,300,000)
Purchases of common stock (500,000,000.0) (4,100,000,000.0)
Other financing activities, net (200,200,000) (195,200,000)
Net Cash Used for Financing Activities (1,845,600,000) (1,210,900,000)
Effect of exchange rate changes on cash and cash equivalents 3,800,000 (54,900,000)
Net increase (decrease) in cash and cash equivalents 1,257,800,000 (6,434,400,000)
Cash and cash equivalents at January 1 (2019 includes $677.5 of discontinued operations) 2,337,500,000 7,998,200,000
Cash and Cash Equivalents at September 30 $ 3,595,300,000 $ 1,563,800,000