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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income $ 1,344.9 $ 1,902.9
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and amortization 362.3 435.7
Change in deferred income taxes (559.4) (506.6)
Stock-based compensation expense 131.2 101.0
Net investment losses 14.2 426.1
Acquired in-process research and development (Note 3) 105.0 165.6
Other changes in operating assets and liabilities, net of acquisitions and divestitures 164.1 (34.3)
Other operating activities, net 168.3 32.6
Net Cash Provided by Operating Activities 1,730.6 2,523.0
Cash Flows from Investing Activities    
Purchases of property and equipment (668.5) (365.4)
Proceeds from sales and maturities of short-term investments 61.5 26.7
Purchases of short-term investments (23.0) (14.6)
Proceeds from sales of and distributions from noncurrent investments 281.9 81.4
Purchases of noncurrent investments (146.0) (116.7)
Purchases of in-process research and development (235.0) (515.6)
Other investing activities, net 40.3 (133.4)
Net Cash Used for Investing Activities (688.8) (1,037.6)
Cash Flows from Financing Activities    
Dividends paid (1,017.2) (885.5)
Net change in short-term borrowings (1,498.0) 499.7
Proceeds from issuance of long-term debt 3,958.5 0.0
Repayments of long-term debt 0.0 (710.1)
Purchases of common stock (750.0) (1,500.0)
Other financing activities, net (281.0) (282.4)
Net Cash Provided by (Used for) Financing Activities 412.3 (2,878.3)
Effect of exchange rate changes on cash and cash equivalents 24.8 33.6
Net increase (decrease) in cash and cash equivalents 1,478.9 (1,359.3)
Cash and cash equivalents at January 1 2,067.0 3,818.5
Cash and Cash Equivalents at March 31 $ 3,545.9 $ 2,459.2