Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents (Note 7)	$ 2,818.6	$ 2,067.0
Short-term investments (Note 7)	109.1	144.8
Accounts receivable, net of allowances of $14.8 (2023) and $16.0 (2022)	9,090.5	6,896.0
Other receivables	2,245.7	1,662.9
Inventories (Note 6)	5,772.8	4,309.7
Prepaid expenses	5,540.8	2,946.8
Other current assets	149.5	7.3
Total current assets	25,727.0	18,034.5
Investments (Note 7)	3,052.2	2,901.8
Goodwill (Note 8)	4,939.7	4,073.0
Other intangibles, net (Note 8)	6,906.6	7,206.6
Deferred tax assets (Note 14)	5,477.3	2,792.9
Property and equipment, net (Note 9)	12,913.6	10,144.0
Other noncurrent assets	4,989.9	4,337.0
Total assets	64,006.3	49,489.8
Current Liabilities
Short-term borrowings and current maturities of long-term debt (Note 11)	6,904.5	1,501.1
Accounts payable	2,598.8	1,930.6
Employee compensation	1,650.4	1,059.8
Sales rebates and discounts	11,689.0	8,784.1
Dividends payable	1,169.2	1,017.2
Other current liabilities	3,281.3	2,845.4
Total current liabilities	27,293.2	17,138.2
Noncurrent Liabilities
Long-term debt (Note 11)	18,320.8	14,737.5
Accrued retirement benefits (Note 15)	1,438.8	1,305.1
Long-term income taxes payable (Note 14)	3,849.2	3,709.6
Other noncurrent liabilities	2,240.6	1,824.0
Total noncurrent liabilities	25,849.4	21,576.2
Commitments and Contingencies (Note 16)
Eli Lilly and Company Shareholders' Equity (Notes 12 and 13)
Common stock—no par value Authorized shares: 3,200,000 Issued shares: 949,781 (2023) and 950,632 (2022)	593.6	594.1
Additional paid-in capital	7,250.4	6,921.4
Retained earnings	10,312.3	10,042.6
Employee benefit trust	(3,013.2)	(3,013.2)
Accumulated other comprehensive loss (Note 17)	(4,327.0)	(3,844.6)
Cost of common stock in treasury	(44.2)	(50.5)
Total Eli Lilly and Company shareholders' equity	10,771.9	10,649.8
Noncontrolling interests	91.8	125.6
Total equity	10,863.7	10,775.4
Total liabilities and equity	$ 64,006.3	$ 49,489.8