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Consolidated Statements of Shareholders' Equity Statement - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Employee Benefit Trust
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjustment
Common Stock in Treasury
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2017   1,100,672             664  
Beginning balance at Dec. 31, 2017   $ 687.9 $ 5,817.8 $ 13,894.1 $ 763.8 $ (3,013.2) $ (5,718.6) $ (105.2) $ (75.8) $ 75.7
Increase (Decrease) in Shareholders' Equity [Roll Forward]                    
Net income       3,232.0           3.7
Other comprehensive income (loss), net of tax             85.6     (2.0)
Cash dividends declared       (2,372.0)            
Retirement of treasury shares (in shares)   (45,882)             (45,882)  
Retirement of treasury shares   $ (28.7)   (4,122.0)         $ 4,150.7  
Purchase of treasury shares (in shares)                 45,882  
Purchase of treasury shares $ (4,150.0)               $ (4,150.7)  
Issuance of stock under employee stock plans, net (in shares)   2,849             60  
Issuance of stock under employee stock plans, net   $ 1.8 (139.0)           $ 6.4  
Stock-based compensation     279.5              
Sale of Elanco Stock (Note 19) 1,017.2   629.2       9.0      
Other     (3.9)             (14.2)
Ending balance (in shares) at Dec. 31, 2018   1,057,639             604  
Ending balance 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       8,318.4           37.7
Other comprehensive income (loss), net of tax             (794.4)     11.0
Cash dividends declared       (2,430.5)            
Retirement of treasury shares (in shares)   (102,640)             (102,640)  
Retirement of treasury shares   $ (64.1)   (12,363.4)         $ 12,427.5  
Purchase of treasury shares (in shares)                 37,639  
Purchase of treasury shares (4,400.0)               $ (4,400.0)  
Issuance of stock under employee stock plans, net (in shares)   3,057             74  
Issuance of stock under employee stock plans, net   $ 1.9 (210.7)           $ 8.6  
Stock-based compensation     312.4              
Acquisition of common stock in exchange offer (in shares)                 65,001  
Acquisition of common stock in exchange offer                 $ (8,027.5)  
Deconsolidation of Elanco                   (1,028.9)
Other                   (8.0)
Ending balance (in shares) at Dec. 31, 2019   958,056             530  
Ending balance 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       6,193.7           126.6
Other comprehensive income (loss), net of tax             27.2    
Cash dividends declared       (2,786.2)            
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)                 3,627  
Purchase of treasury shares (500.0)               $ (500.0)  
Issuance of stock under employee stock plans, net (in shares)   2,648             43  
Issuance of stock under employee stock plans, net   $ 1.7 (212.7)           $ 5.1  
Stock-based compensation     308.1              
Other     (2.2)             (35.2)
Ending balance (in shares) at Dec. 31, 2020   957,077             487  
Ending balance at Dec. 31, 2020 $ 5,825.2 $ 598.2 $ 6,778.5 $ 7,830.2   $ (3,013.2) $ (6,496.4)   $ (55.7) $ 183.6