Financial Instruments And Risk Management (Tables)

6 Months Ended

Jun. 30, 2013

Derivatives, Fair Value [Line Items]

Financial Assets And Liabilities Carried At Fair Value

Financial assets and liabilities carried at fair value are classified in the tables below in one of the three categories described above:



	June 30, 2013
(In thousands)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	23,618	$	—	$	—	$	23,618
Total cash equivalents	23,618		—		—		23,618
Trading securities:
Equity securities — exchange traded funds	14,618		—		—		14,618
Total trading securities	14,618		—		—		14,618
Available-for-sale fixed income investments:
U.S. Treasuries	—		11,299		—		11,299
Corporate bonds	—		9,237		—		9,237
Agency mortgage-backed securities	—		824		—		824
Other	—		2,742		—		2,742
Total available-for-sale fixed income investments	—		24,102		—		24,102
Available-for-sale equity securities:
Biosciences industry	71		—		—		71
Total available-for-sale equity securities	71		—		—		71
Foreign exchange derivative assets	—		5,515		—		5,515
Interest rate swap derivative assets	—		199,105		—		199,105
Purchased cash convertible note hedge	—		779,700		—		779,700
Total assets at recurring fair value measurement	$	38,307	$	1,008,422	$	—	$	1,046,729
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	57,237	$	—	$	57,237
Interest rate swap derivative liabilities	—		2,580		—		2,580
Cash conversion feature of Cash Convertible Notes	—		779,700		—		779,700
Contingent consideration	—		—		382,981		382,981
Total liabilities at recurring fair value measurement	$	—	$	839,517	$	382,981	$	1,222,498



	December 31, 2012
(In thousands)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	135,209	$	—	$	—	$	135,209
Total cash equivalents	135,209		—		—		135,209
Trading securities:
Equity securities — exchange traded funds	10,913		—		—		10,913
Total trading securities	10,913		—		—		10,913
Available-for-sale fixed income investments:
U.S. Treasuries	—		11,085		—		11,085
Corporate bonds	—		8,189		—		8,189
Agency mortgage-backed securities	—		1,050		—		1,050
Other	—		2,502		—		2,502
Total available-for-sale fixed income investments	—		22,826		—		22,826
Available-for-sale equity securities:
Biosciences industry	102		—		—		102
Total available-for-sale equity securities	102		—		—		102
Foreign exchange derivative assets	—		5,818		—		5,818
Interest rate swap derivative assets	—		36,647		—		36,647
Purchased cash convertible note hedge	—		636,300		—		636,300
Total assets at recurring fair value measurement	$	146,224	$	701,591	$	—	$	847,815
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	19,228	$	—	$	19,228
Interest rate swap derivative liabilities	—		9,823		—		9,823
Cash conversion feature of Cash Convertible Notes	—		636,300		—		636,300
Contingent consideration	—		—		379,197		379,197
Total liabilities at recurring fair value measurement	$	—	$	665,351	$	379,197	$	1,044,548

Fair Value Hedging Relationships

Derivatives, Fair Value [Line Items]

Effect Of Derivative Instruments On The Condensed Consolidated Statements Of Operations

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations

Derivatives in Fair Value Hedging Relationships



	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
(In thousands)		Three Months Ended					Six Months Ended
		June 30,					June 30,
		2013			2012		2013			2012
Interest rate swaps	Interest expense	$	(8,046	)	$	1,564	$	(9,846	)	$	13,459
Total		$	(8,046	)	$	1,564	$	(9,846	)	$	13,459



	Location of Gain or (Loss) Recognized in Earnings on Hedged Items	Amount of Gain or (Loss) Recognized in Earnings on Hedged Items
(In thousands)		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2013		2012		2013		2012
2016 Senior Notes	Interest expense	$	2,580	$	—	$	2,580	$	—
2018 Senior Notes (6.00% coupon)	Interest expense	8,811		1,751		14,120		(7,074		)
Total		$	11,391	$	1,751	$	16,700	$	(7,074	)

Cash Flow Hedging Relationships

Derivatives, Fair Value [Line Items]

Effect Of Derivative Instruments On The Condensed Consolidated Statements Of Operations

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations

Derivatives in Cash Flow Hedging Relationships



	Amount of Gain or (Loss) Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)	2013			2012			2013			2012
Foreign currency forward contracts	$	(52,192	)	$	(35,453	)	$	(47,455	)	$	(23,992	)
Interest rate swaps	110,278			(1,027		)	114,986			(2,351		)
Total	$	58,086		$	(36,480	)	$	67,531		$	(26,343	)



	Location of Loss Reclassified from AOCE into Earnings (Effective Portion)	Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
(In thousands)		2013			2012			2013			2012
Foreign currency forward contracts	Net revenues	$	(12,740	)	$	(13,041	)	$	(21,844	)	$	(18,295	)
Interest rate swaps	Interest expense	(696		)	(645		)	(1,408		)	(1,019		)
Interest rate swaps	Other (expense) income, net	(818		)	—			(818		)	—
Total		$	(14,254	)	$	(13,686	)	$	(24,070	)	$	(19,314	)



	Location of Gain Excluded from the Assessment of Hedge Effectiveness	Amount of Gain Excluded from the Assessment of Hedge Effectiveness
		Three Months Ended				Six Months Ended
		June 30,				June 30,
(In thousands)		2013		2012		2013		2012
Foreign currency forward contracts	Other (expense) income, net	$	19,108	$	15,360	$	27,216	$	21,071
Total		$	19,108	$	15,360	$	27,216	$	21,071

Designated as Hedging Instruments

Derivatives, Fair Value [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair Values of Derivative Instruments

Derivatives Designated as Hedging Instruments



	Asset Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Prepaid expenses and other current assets	$	82,688	Prepaid expenses and other current assets	$	36,647
Interest rate swaps	Other assets	116,417		Other assets	—
Total		$	199,105		$	36,647



	Liability Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Other current liabilities	$	2,580	Other current liabilities	$	9,823
Foreign currency forward contracts	Other current liabilities	51,666		Other current liabilities	15,863
Total		$	54,246		$	25,686

Not Designated as Hedging Instruments

Derivatives, Fair Value [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair Values of Derivative Instruments

Derivatives Not Designated as Hedging Instruments



	Asset Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$	5,515	Prepaid expenses and other current assets	$	5,818
Purchased cash convertible note hedge	Other assets	779,700		Other assets	636,300
Total		$	785,215		$	642,118



	Liability Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Other current liabilities	$	5,571	Other current liabilities	$	3,365
Cash conversion feature of Cash Convertible Notes	Long-term debt	779,700		Long-term debt	636,300
Total		$	785,271		$	639,665

Effect Of Derivative Instruments On The Condensed Consolidated Statements Of Operations

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations

Derivatives Not Designated as Hedging Instruments



	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended						Six Months Ended
		June 30,						June 30,
(In thousands)		2013			2012			2013			2012
Foreign currency forward contracts	Other (expense) income, net	$	7,445		$	(13,912	)	$	(3,786	)	$	(8,657	)
Cash conversion feature of Cash Convertible Notes	Other (expense) income, net	(88,100		)	85,500			(143,400		)	33,900
Purchased cash convertible note hedge	Other (expense) income, net	88,100			(85,500		)	143,400			(33,900		)
Total		$	7,445		$	(13,912	)	$	(3,786	)	$	(8,657	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details