10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from_____________to___________                 

Commission File Number 1-9114

MYLAN INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	25-1211621
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1000 Mylan Boulevard, Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(724) 514-1800

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	þ	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class of	Outstanding at
Common Stock	April 25, 2014
$0.50 par value	373,731,253

MYLAN INC. AND SUBSIDIARIES

INDEX TO FORM 10-Q

For the Quarterly Period Ended

March 31, 2014

		Page
	PART I — FINANCIAL INFORMATION
ITEM 1.	Condensed Consolidated Financial Statements (unaudited)
	Condensed Consolidated Statements of Operations — Three Months Ended March 31, 2014 and 2013	3
	Condensed Consolidated Statements of Comprehensive Earnings (Loss) — Three Months Ended March 31, 2014 and 2013	4
	Condensed Consolidated Balance Sheets — March 31, 2014 and December 31, 2013	5
	Condensed Consolidated Statements of Cash Flows —Three Months Ended March 31, 2014 and 2013	6
	Notes to Condensed Consolidated Financial Statements	7
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	33
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	42
ITEM 4.	Controls and Procedures	42
	PART II — OTHER INFORMATION
ITEM 1.	Legal Proceedings	43
ITEM 1A.	Risk Factors	43
ITEM 6.	Exhibits	43
SIGNATURES		45

2

PART I — FINANCIAL INFORMATION

MYLAN INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited; in millions, except per share amounts)

	Three Months Ended
	March 31,
	2014			2013
Revenues:
Net sales	$	1,703.0		$	1,619.4
Other revenues	12.6			12.1
Total revenues	1,715.6			1,631.5
Cost of sales	977.8			938.0
Gross profit	737.8			693.5
Operating expenses:
Research and development	118.0			126.5
Selling, general and administrative	377.7			351.4
Litigation settlements, net	3.1			1.8
Total operating expenses	498.8			479.7
Earnings from operations	239.0			213.8
Interest expense	82.7			78.0
Other (expense) income, net	(4.6		)	3.4
Earnings before income taxes and noncontrolling interest	151.7			139.2
Income tax provision	35.1			31.7
Net earnings	116.6			107.5
Net earnings attributable to the noncontrolling interest	(0.7		)	(0.6		)
Net earnings attributable to Mylan Inc. common shareholders	$	115.9		$	106.9
Earnings per common share attributable to Mylan Inc. common shareholders:
Basic	$	0.31		$	0.27
Diluted	$	0.29		$	0.27
Weighted average common shares outstanding:
Basic	372.3			393.2
Diluted	396.7			399.0

See Notes to Condensed Consolidated Financial Statements

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MYLAN INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Comprehensive Earnings (Loss)

(Unaudited; in millions)

	Three Months Ended
	March 31,
	2014			2013
Net earnings	$	116.6		$	107.5
Other comprehensive earnings (loss), before tax:
Foreign currency translation adjustment	97.2			(140.4		)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans	(1.5		)	0.3
Net unrecognized (loss) gain on derivatives	(27.4		)	25.8
Net unrealized loss on marketable securities	—			(0.3		)
Other comprehensive earnings (loss), before tax	68.3			(114.6		)
Income tax (benefit) provision	(12.4		)	7.3
Other comprehensive earnings (loss), net of tax	80.7			(121.9		)
Comprehensive earnings (loss)	197.3			(14.4		)
Comprehensive earnings attributable to the noncontrolling interest	(0.7		)	(0.6		)
Comprehensive earnings (loss) attributable to Mylan Inc. common shareholders	$	196.6		$	(15.0	)

See Notes to Condensed Consolidated Financial Statements

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MYLAN INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited; in millions, except share and per share amounts)

	March 31, 2014			December 31, 2013
ASSETS
Assets
Current assets:
Cash and cash equivalents	$	243.0		$	291.3
Accounts receivable, net	1,678.6			1,820.3
Inventories	1,737.9			1,664.7
Deferred income tax benefit	223.0			248.9
Prepaid expenses and other current assets	459.7			446.1
Total current assets	4,342.2			4,471.3
Property, plant and equipment, net	1,705.0			1,663.1
Intangible assets, net	2,462.5			2,517.9
Goodwill	4,359.6			4,288.1
Deferred income tax benefit	85.4			77.8
Other assets	2,400.3			2,218.1
Total assets	$	15,355.0		$	15,236.3
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Trade accounts payable	$	928.5		$	1,072.8
Short-term borrowings	370.5			439.8
Income taxes payable	45.1			49.7
Current portion of long-term debt and other long-term obligations	53.3			3.6
Deferred income tax liability	2.6			0.8
Other current liabilities	1,249.3			1,389.4
Total current liabilities	2,649.3			2,956.1
Long-term debt	7,780.6			7,586.5
Other long-term obligations	1,264.8			1,265.3
Deferred income tax liability	468.6			468.5
Total liabilities	12,163.3			12,276.4
Equity
Mylan Inc. shareholders’ equity
Common stock — par value $0.50 per share
Shares authorized: 1,500,000,000
Shares issued: 545,100,341 and 543,978,030 as of March 31, 2014 and December 31, 2013	272.6			272.0
Additional paid-in capital	4,122.3			4,103.6
Retained earnings	2,801.0			2,685.1
Accumulated other comprehensive loss	(159.4		)	(240.1		)
	7,036.5			6,820.6
Noncontrolling interest	17.4			18.1
Less: Treasury stock — at cost
Shares: 171,634,634 and 172,373,900 as of March 31, 2014 and December 31, 2013	3,862.2			3,878.8
Total equity	3,191.7			2,959.9
Total liabilities and equity	$	15,355.0		$	15,236.3

See Notes to Condensed Consolidated Financial Statements

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MYLAN INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited; in millions)

	Three Months Ended
	March 31,
	2014			2013
Cash flows from operating activities:
Net earnings	$	116.6		$	107.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	135.2			128.9
Stock-based compensation expense	15.4			12.1
Change in estimated sales allowances	131.1			(67.2		)
Deferred income tax benefit	(8.4		)	(31.5		)
Other non-cash items	72.7			45.2
Litigation settlements, net	3.1			1.8
Changes in operating assets and liabilities:
Accounts receivable	49.1			76.7
Inventories	(88.0		)	(118.9		)
Trade accounts payable	(32.7		)	5.9
Income taxes	(33.5		)	23.1
Other operating assets and liabilities, net	(92.5		)	(96.0		)
Net cash provided by operating activities	268.1			87.6
Cash flows from investing activities:
Capital expenditures	(72.3		)	(53.1		)
Change in restricted cash	—			(53.1		)
Cash paid for acquisitions, net	—			(32.1		)
Purchase of marketable securities	(4.8		)	(2.5		)
Proceeds from sale of marketable securities	4.9			2.8
Payments for product rights and other, net	(129.0		)	(4.3		)
Net cash used in investing activities	(201.2		)	(142.3		)
Cash flows from financing activities:
Payment of financing fees	(2.3		)	(5.0		)
Purchase of common stock	—			(500.0		)
Change in short-term borrowings, net	(71.1		)	185.1
Proceeds from issuance of long-term debt	200.0			525.0
Payment of long-term debt	(260.0		)	(239.4		)
Proceeds from exercise of stock options	21.9			28.1
Taxes paid related to net share settlement of equity awards	(21.8		)	—
Other items, net	18.7			12.8
Net cash (used in) provided by financing activities	(114.6		)	6.6
Effect on cash of changes in exchange rates	(0.6		)	(7.5		)
Net decrease in cash and cash equivalents	(48.3		)	(55.6		)
Cash and cash equivalents — beginning of period	291.3			350.0
Cash and cash equivalents — end of period	$	243.0		$	294.4

See Notes to Condensed Consolidated Financial Statements

6

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited)

1. General

The accompanying unaudited Condensed Consolidated Financial Statements (“interim financial statements”) of Mylan Inc. and subsidiaries (“Mylan” or the “Company”) were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q; therefore, as permitted under these rules, certain footnotes and other financial information included in audited financial statements were condensed or omitted. The interim financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the interim results of operations, comprehensive earnings, financial position and cash flows for the periods presented.

These interim financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The December 31, 2013Condensed Consolidated Balance Sheet was derived from audited financial statements.

The interim results of operations, comprehensive earnings and cash flows for the three months endedMarch 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year or any other future period. The Company computed its provision for income taxes using an estimated effective tax rate for the full year with consideration of certain discrete tax items which occurred within the interim period. The estimated annual effective tax rate for 2014 includes an estimate of the full-year effect of foreign tax credits that the Company anticipates it will claim against its 2014 United States (“U.S.”) tax liabilities.

2. Revenue Recognition and Accounts Receivable

Mylan recognizes net sales when title and risk of loss pass to its customers and when provisions for estimates, including discounts, sales allowances, price adjustments, returns, chargebacks and other promotional programs are reasonably determinable. Accounts receivable are presented net of allowances relating to these provisions. No revisions were made to the methodology used in determining these provisions during the three months endedMarch 31, 2014. Such allowances were $1.35 billion and $1.24 billion at March 31, 2014 and December 31, 2013, respectively. Other current liabilities include $308.3 million and $281.1 million at March 31, 2014 and December 31, 2013, respectively, for certain sales allowances and other adjustments that are paid to indirect customers.

Through its wholly owned subsidiary Mylan Pharmaceuticals Inc. (“MPI”), the Company has access to a $400 million accounts receivable securitization facility (the “Receivables Facility”). The receivables underlying any borrowings are included in accounts receivable, net, in the Condensed Consolidated Balance Sheets. As of March 31, 2014 and December 31, 2013, there were $517.4 million and $723.1 million of securitized accounts receivable.

3. Acquisitions

Agila Specialties

On February 27, 2013, the Company announced that it had signed definitive agreements to acquire the Agila Specialties business (“Agila”), a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (“Strides Arcolab”). The transaction closed on December 4, 2013, and the total purchase price was approximately $1.43 billion (net of cash acquired of $3.4 million), which includes estimated contingent consideration of $250 million. The contingent consideration, which could total a maximum of $461 million, is primarily related to the satisfaction of certain regulatory conditions, including potential regulatory remediation costs and the resolution of certain pre-acquisition contingencies. The acquisition of Agila significantly expands and strengthens Mylan's existing injectables platform and portfolio, and also provides Mylan entry into certain new geographic markets.

In accordance with GAAP, the Company used the purchase method of accounting to account for this transaction. Under the purchase method of accounting, the assets acquired and liabilities assumed in the transaction were recorded at their respective estimated fair values at the acquisition date. The following table summarizes the preliminary fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at acquisition date, with the excess being allocated to goodwill. At March 31, 2014, certain amounts have not been finalized including the determination of certain contingent consideration, certain contingent liabilities, including income and non-income based tax contingencies and deferred income

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

taxes. The finalization of these matters may result in changes to goodwill and the Company expects to finalize such matters during 2014. The preliminary allocation of the $1.43 billion purchase price to the assets acquired and liabilities assumed for Agila is as follows:

(In millions)	Preliminary Purchase Price Allocation as of December 4, 2013 (a)			Measurement Period Adjustments (b)			Preliminary Purchase Price Allocation as of March 31, 2014 (as adjusted)
Current assets (excluding inventories)	$	39.0		$	6.5		$	45.5
Inventories	45.1			(7.8		)	37.3
Property, plant and equipment	143.8			2.4			146.2
Identified intangible assets	280.0			—			280.0
In-process research and development	436.0			—			436.0
Other assets (including equity method investment)	153.4			(0.6		)	152.8
Goodwill	884.2			48.6			932.8
Total assets acquired	1,981.5			49.1			2,030.6
Current liabilities	(234.7		)	(7.3		)	(242.0		)
Deferred tax liabilities	(193.2		)	(38.0		)	(231.2		)
Other non-current liabilities	(119.9		)	(3.8		)	(123.7		)
Net assets acquired	$	1,433.7		$	—		$	1,433.7

____________

^(a)    As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

^(b)  The measurement period adjustments are related to 1) certain working capital adjustments to reflect facts and circumstances existing as of the acquisition date and; 2) adjustments related to deferred taxes to reflect the allocation of assets and liabilities to various legal entities. These adjustments did not have a significant impact on the Company’s previously reported consolidated financial statements and accordingly, the Company has not retrospectively adjusted those financial statements.

The amount allocated to in-process research and development (“IPR&D”) represents an estimate of the fair value of purchased in-process technology for research projects that, as of the closing date of the acquisition, had not reached technological feasibility and had no alternative future use. The fair value of the IPR&D was based on the excess earnings method, which utilizes forecasts of expected cash inflows (including estimates for ongoing costs) and other contributory charges. A discount rate of 13.0% was utilized to discount net cash inflows to present values. IPR&D is accounted for as an indefinite-lived intangible asset and will be subject to impairment testing until completion or abandonment of the projects. Upon successful completion and launch of each product, the Company will make a determination of the estimated useful life of the individual IPR&D asset. The acquired IPR&D projects are in various stages of completion and the estimated costs to complete these projects total approximately $50 million which is expected to be incurred from 2014 through 2016. There are risks and uncertainties associated with the timely and successful completion of the projects included in IPR&D, and no assurances can be given that the underlying assumptions used to estimate the fair value of IPR&D will not change or the timely completion of each project to commercial success will occur.

The identified intangible assets of $280 million are comprised of $221 million of product rights and licenses that have a weighted average useful life of 8 years and $59 million of customer relationships that have a weighted average useful life of 5 years. The equity method investment of $125 million represents the fair value of Agila’s 50% interest in Sagent Agila LLC (“Sagent Agila”). Payments for product rights and other, net on the Condensed Consolidated Statements of Cash Flows includes payments totaling $120 million to acquire certain commercialization rights in the U.S. and other countries. The goodwill of $933 million arising from the acquisition consisted largely of the value of the employee workforce and the value of products to be developed in the future. All of the goodwill was assigned to Mylan’s Generics segment. None of the goodwill recognized is currently expected to be deductible for income tax purposes.

Significant assumptions utilized in the valuation of identified intangible assets, the equity method investment and IPR&D were based on company specific information and projections which are not observable in the market and are thus considered Level 3 measurements as defined by GAAP. The preliminary fair value estimates for the assets acquired and liabilities assumed were based upon preliminary calculations, valuations and assumptions that are subject to change as the

8

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Company obtains additional information during the measurement period (up to one year from the acquisition date). The primary areas of those preliminary estimates that are not yet finalized relate to the determination of certain contingent consideration, certain contingent liabilities, including income and non-income based tax contingencies and deferred income taxes.

Pro Forma Financial Results

The following table presents supplemental unaudited pro forma information as if the acquisition of Agila had occurred on January 1, 2012. The unaudited pro forma results reflect certain adjustments related to past operating performance and acquisition accounting adjustments, such as increased amortization expense based on the fair valuation of assets acquired, the impact of acquisition financing, and the related income tax effects. The unaudited pro forma results do not include any anticipated synergies which may be achievable subsequent to the acquisition date. Accordingly, the unaudited pro forma results are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on January 1, 2012, nor are they indicative of the future operating results of the combined company.

	Three months ended
(In millions, except per share amounts)	March 31, 2013
Total revenues	$	1,693.9
Net earnings attributable to Mylan Inc. common shareholders	$	84.0
Earnings per common share attributable to Mylan Inc. common shareholders
Basic	$	0.21
Diluted	$	0.21
Weighted average common shares outstanding:
Basic	393.2
Diluted	399.0

4. Stock-Based Incentive Plan

Mylan’s shareholders have approved the 2003 Long-Term Incentive Plan (as amended, the “2003 Plan”). Under the 2003 Plan, 55,300,000 shares of common stock are reserved for issuance to key employees, consultants, independent contractors and non-employee directors of Mylan through a variety of incentive awards, including: stock options, stock appreciation rights (“SAR”), restricted shares and units, performance awards (“PSU”), other stock-based awards and short-term cash awards. Stock option awards are granted at the fair value of the shares underlying the options at the date of the grant, generally become exercisable over periods ranging from three to four years, and generally expire in ten years. Upon approval of the 2003 Plan, no further grants of stock options have been made under any other plan.

In February 2014, Mylan’s Compensation Committee and the independent members of the Board of Directors adopted the One-Time Special Performance-Based Five-Year Realizable Value Incentive Program (the “2014 Program”) under the 2003 Plan. Under the 2014 Program, certain key employees received a one-time, performance-based incentive award (the “Awards”) either in the form of a grant of SAR or PSU. The Awards were granted in February 2014 and contain a five-year cliff-vesting feature based on the achievement of various performance targets, external market conditions and the employee’s continued services.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

The following table summarizes stock option and SAR (“stock awards”) activity:

	Number of Shares Under Stock Awards		Weighted Average Exercise Price per Share
Outstanding at December 31, 2013	13,563,881		$	22.05
Granted	5,350,684		52.84
Exercised	(1,133,171	)	19.62
Forfeited	(167,209	)	26.72
Outstanding at March 31, 2014	17,614,185		$	31.54
Vested and expected to vest at March 31, 2014	16,933,782		$	31.55
Exercisable at March 31, 2014	8,592,857		$	19.85

As of March 31, 2014, stock awards outstanding, stock awards vested and expected to vest and stock awards exercisable had average remaining contractual terms of 7.43 years, 7.39 years and 5.49 years, respectively. Also, at March 31, 2014, stock awards outstanding, stock awards vested and expected to vest and stock awards exercisable had aggregate intrinsic values of $327.7 million, $315.3 million and $249.0 million respectively.

A summary of the status of the Company’s nonvested restricted stock and restricted stock unit awards, including PSUs, as of March 31, 2014 and the changes during the three months endedMarch 31, 2014 are presented below:

	Number of Restricted Stock Awards		Weighted  Average Grant-Date Fair Value per  Share
Nonvested at December 31, 2013	3,321,836		$	27.13
Granted	2,035,060		40.21
Released	(1,108,362	)	25.34
Forfeited	(111,249	)	27.14
Nonvested at March 31, 2014	4,137,285		$	34.06

As of March 31, 2014, the Company had $171.9 million of total unrecognized compensation expense, net of estimated forfeitures, related to all of its stock-based awards, which will be recognized over the remaining weighted average vesting period of 3.33 years. The total intrinsic value of stock-based awards exercised and restricted stock units converted during the three months endedMarch 31, 2014 and 2013 was $96.3 million and $41.5 million, respectively.

Under the 2014 Program, approximately 4.4 million SARs and 1.5 million PSUs were granted. The fair value of the Awards were determined using a Monte Carlo simulation as both the SARs and PSUs contain the same performance and market conditions. The Monte Carlo simulation involves a series of random trials that result in different future stock price paths over the contractual life of the SAR or PSU based on appropriate probability distributions. Conditions are imposed on each Monte Carlo simulation to determine the extent to which the performance conditions would have been met, and therefore the extent to which the Awards would have vested, for the particular stock price path. Once the Company determines that it is probable that the performance targets will be met, compensation expense is recorded for these awards. Each SAR or PSU is equal to one common share with the maximum value of each Award upon vesting subject to varying limitations.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

The key assumptions used in the valuation of the Awards are as follows:

	2014
Volatility	29.4		%
Risk-free interest rate	1.6		%
Expected term (years)	5.0
Forfeiture rate	5.5		%
Weighted average grant date fair value per stock appreciation right	$	9.43
Weighted average grant date fair value per performance award	$	34.58

5. Balance Sheet Components

Selected balance sheet components consist of the following:

(In millions)	March 31, 2014		December 31, 2013
Inventories:
Raw materials	$	550.4	$	484.6
Work in process	321.4		310.1
Finished goods	866.1		870.0
	$	1,737.9	$	1,664.7

Property, plant and equipment:
Land and improvements	$	84.5	$	72.7
Buildings and improvements	803.9		747.0
Machinery and equipment	1,691.4		1,698.4
Construction in progress	235.2		207.7
	2,815.0		2,725.8
Less accumulated depreciation	1,110.0		1,062.7
	$	1,705.0	$	1,663.1

Other current liabilities:
Legal and professional accruals, including litigation accruals	$	146.2	$	146.1
Payroll and employee benefit plan accruals	199.4		289.0
Accrued sales allowances	308.3		281.1
Accrued interest	69.3		68.5
Fair value of financial instruments	9.2		74.3
Other	516.9		530.4
	$	1,249.3	$	1,389.4

The value of contingent consideration included in other current liabilities is $250 million at March 31, 2014 and December 31, 2013. Contingent consideration included in other long-term obligations is $423.1 million and $414.6 million at March 31, 2014 and December 31, 2013, respectively. Included in prepaid expenses and other current assets is $131.5 million and $129.5 million of restricted cash at March 31, 2014 and December 31, 2013, respectively. An additional $100 million of restricted cash is classified as a component of other long-term assets at March 31, 2014 and December 31, 2013, principally related to amounts deposited in escrow, or restricted amounts, for potential contingent consideration payments related to the Agila acquisition.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

The Company’s equity method investments in clean energy partnerships, whose activities qualify for income tax credits under section 45 of the U.S. Internal Revenue Code, totaled $390.7 million and $401.7 million at March 31, 2014 and December 31, 2013, respectively, and are included in other assets in the Condensed Consolidated Balance Sheets. Liabilities related to these investments totaled $413.6 million and $415.4 million at March 31, 2014 and December 31, 2013, respectively. At March 31, 2014, $370.8 million of these liabilities are included in other long-term obligations and $42.8 million are included in other current liabilities in the Condensed Consolidated Balance Sheets.

As part of the Agila acquisition, the Company acquired a 50% interest in Sagent Agila, which was established in 2007 between Agila and Sagent Pharmaceuticals, Inc. and is accounted for using the equity method of accounting. Sagent Agila was established to allow for the development, manufacturing and distribution of certain generic injectable products in the U.S. market. The initial term of the venture expires upon the tenth anniversary of the formation. The equity method investment included in other assets totaled $119.3 million and $123.2 million at March 31, 2014 and December 31, 2013, respectively, in the Condensed Consolidated Balance Sheets. The results of Sagent Agila were not material to Mylan’s Condensed Consolidated Financial Statements.

6. Earnings per Common Share Attributable to Mylan Inc.

Basic earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding related to potentially dilutive securities or instruments, if the impact is dilutive.

On September 15, 2008, concurrent with the sale of $575 million aggregate principal amount of Cash Convertible Notes due 2015 (the “Cash Convertible Notes”), Mylan entered into a convertible note hedge and warrant transaction with certain counterparties. Pursuant to the warrant transactions, the Company sold to the counterparties warrants to purchase in the aggregate up to approximately 43.2 million shares of Mylan common stock, subject to certain anti-dilution provisions. In 2011, the Company entered into amendments with the counterparties to exchange the original warrants with an exercise price of $20.00 (the “Old Warrants”) for new warrants with an exercise price of $30.00 (the “New Warrants”). Approximately 41.0 million of the Old Warrants were exchanged in the transaction. Both the Old and New Warrants meet the definition of derivatives under the Financial Accounting Standards Board’s (“FASB”) guidance regarding accounting for derivative instruments and hedging activities; however, because these instruments have been determined to be indexed to the Company’s own common stock and meet the criteria for equity classification under the FASB’s guidance regarding contracts in an entity’s own equity, the warrants have been recorded in shareholders’ equity in the Condensed Consolidated Balance Sheets. The dilutive impact of the Old and New Warrants are included in the calculation of diluted earnings per share based upon the average market value of the Company’s common stock during the period as compared to the exercise price. For the three months endedMarch 31, 2014 and March 31, 2013, 16.9 million warrants and 0.7 million warrants, respectively, were included in the calculation of diluted earnings per share.

Basic and diluted earnings per common share attributable to Mylan Inc. are calculated as follows:

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Basic earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Basic earnings per common share attributable to Mylan Inc. common shareholders	$	0.31	$	0.27

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Diluted earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Stock-based awards and warrants	24.4		5.8
Total dilutive shares outstanding	396.7		399.0
Diluted earnings per common share attributable to Mylan Inc. common shareholders	$	0.29	$	0.27

Additional stock options, SARs and restricted stock awards were outstanding during the periods ended March 31, 2014 and 2013, but were not included in the computation of diluted earnings per share for each respective period, because the effect would be anti-dilutive. Such anti-dilutive awards represented 2.5 million shares for the three months endedMarch 31, 2014 and 2.3 million shares for the three months endedMarch 31, 2013, respectively.

7. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the three months endedMarch 31, 2014 are as follows:

(In millions)	Generics Segment		Specialty Segment			Total
Balance at December 31, 2013:
Goodwill	$	3,939.0	$	734.1		$	4,673.1
Accumulated impairment losses	—		(385.0		)	(385.0		)
	3,939.0		349.1			4,288.1
Purchase price allocation adjustment (1)	48.6		—			48.6
Foreign currency translation	22.9		—			22.9
	$	4,010.5	$	349.1		$	4,359.6
Balance at March 31, 2014:
Goodwill	$	4,010.5	$	734.1		$	4,744.6
Accumulated impairment losses	—		(385.0		)	(385.0		)
	$	4,010.5	$	349.1		$	4,359.6

____________

⁽¹⁾  See Note 3.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Intangible assets consist of the following components at March 31, 2014 and December 31, 2013:

(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
March 31, 2014
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	95.1	$	21.5
Product rights and licenses	10	3,600.0		2,118.3		1,481.7
Other (1)	8	174.2		63.8		110.4
		3,890.8		2,277.2		1,613.6
In-process research and development		848.9		—		848.9
		$	4,739.7	$	2,277.2	$	2,462.5
December 31, 2013
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	93.8	$	22.8
Product rights and licenses	10	3,559.5		2,018.1		1,541.4
Other (1)	8	174.0		59.4		114.6
		3,850.1		2,171.3		1,678.8
In-process research and development		839.1		—		839.1
		$	4,689.2	$	2,171.3	$	2,517.9

____________

⁽¹⁾  Other intangible assets consist principally of customer lists and contracts.

Amortization expense, which is classified primarily within cost of sales in the Condensed Consolidated Statements of Operations, for the three months endedMarch 31, 2014 and 2013, was $92.6 million and $91.5 million, respectively. Amortization expense is expected to be approximately $269 million for the remainder of 2014 and $351 million, $269 million, $224 million and $176 million for the years ended December 31, 2015 through 2018, respectively.

Indefinite-lived intangible assets, such as the Company’s IPR&D assets, are tested at least annually for impairment, but they may also be tested whenever certain impairment indicators are present. Impairment is determined to exist when the fair value is less than the carrying value of the assets being tested. During the three months endedMarch 31, 2013, the Company recorded impairment charges related to IPR&D assets of $5.1 million.

During the three months endedMarch 31, 2014 and 2013, approximately $6.9 million and $6.5 million, respectively, were reclassified from acquired IPR&D to product rights and licenses.

8. Financial Instruments and Risk Management

Mylan is exposed to certain financial risks relating to its ongoing business operations. The primary financial risks that are managed by using derivative instruments are foreign currency risk and interest rate risk.

Foreign Currency Risk Management

In order to manage foreign currency risk, Mylan enters into foreign exchange forward contracts to mitigate risk associated with changes in spot exchange rates of mainly non-functional currency denominated assets or liabilities. The foreign exchange forward contracts are measured at fair value and reported as current assets or current liabilities on the Condensed Consolidated Balance Sheets. Any gains or losses on the foreign exchange forward contracts are recognized in earnings in the period incurred in the Condensed Consolidated Statements of Operations.

The Company has also entered into forward contracts to hedge forecasted foreign currency denominated sales from certain international subsidiaries. These contracts are designated as cash flow hedges to manage foreign currency transaction risk and are measured at fair value and reported as current assets or current liabilities on the Condensed Consolidated Balance

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Sheets. Any changes in fair value are included in earnings or deferred through accumulated other comprehensive earnings (“AOCE”), depending on the nature and effectiveness of the offset.

Interest Rate Risk Management

The Company enters into interest rate swaps in order to manage interest rate risk associated with the Company’s fixed- and floating-rate debt. These derivative instruments are measured at fair value and reported as current assets or current liabilities in the Condensed Consolidated Balance Sheets.

The Company’s interest rate swaps designated as cash flow hedges fix the interest rate on a portion of the Company’s variable-rate debt or hedge part of the Company’s interest rate exposure associated with variability in future cash flows attributable to changes in interest rates. Any changes in fair value are included in earnings or deferred through AOCE, depending on the nature and effectiveness of the offset. Any ineffectiveness in a cash flow hedging relationship is recognized immediately in earnings in the Condensed Consolidated Statements of Operations.

The Company’s interest rate swaps designated as fair value hedges convert the fixed rate on a portion of the Company’s fixed-rate senior notes to a variable rate. These interest rate swaps designated as fair value hedges are measured at fair value and reported as assets or current liabilities in the Condensed Consolidated Balance Sheets. Any changes in the fair value of these derivative instruments, as well as the offsetting change in fair value of the portion of the fixed-rate debt being hedged, is included in interest expense.

Certain derivative instrument contracts entered into by the Company are governed by Master Agreements, which contain credit-risk-related contingent features that would allow the counterparties to terminate the contracts early and request immediate payment should the Company trigger an event of default on other specified borrowings.

The Company maintains significant credit exposure arising from the convertible note hedge on its Cash Convertible Notes. Holders may convert their Cash Convertible Notes subject to certain conversion provisions determined by a) the market price of the Company’s common stock, b) specified distributions to common shareholders, c) a fundamental change, as defined in the purchase agreement, or d) certain time periods specified in the purchase agreement. The conversion feature can only be settled in cash and, therefore, it is bifurcated from the Cash Convertible Notes and treated as a separate derivative instrument. In order to offset the cash flow risk associated with the cash conversion feature, the Company entered into a convertible note hedge with certain counterparties. Both the cash conversion feature and the purchased convertible note hedge are measured at fair value with gains and losses recorded in the Company’s Condensed Consolidated Statements of Operations. Also, in conjunction with the issuance of the Cash Convertible Notes, the Company entered into several warrant transactions with certain counterparties. The warrants meet the definition of derivatives; however, because these instruments have been determined to be indexed to the Company’s own common stock, and have been recorded in shareholders’ equity in the Company’s Condensed Consolidated Balance Sheets, the instruments are exempt from the scope of the FASB’s guidance regarding accounting for derivative instruments and hedging activities and are not subject to the fair value provisions set forth therein.

At March 31, 2014, the convertible note hedge had a total fair value of $1.54 billion, which reflects the maximum loss that would be incurred should the parties fail to perform according to the terms of the contract. The counterparties are highly rated diversified financial institutions with both commercial and investment banking operations. The counterparties are required to post collateral against this obligation should they be downgraded below thresholds specified in the contract. Eligible collateral is comprised of a wide range of financial securities with a valuation discount percentage reflecting the associated risk.

The Company regularly reviews the creditworthiness of its financial counterparties and does not expect to incur a significant loss from failure of any counterparties to perform under any agreements.

The Company records all derivative instruments on a gross basis in the Condensed Consolidated Balance Sheets. Accordingly, there are no offsetting amounts that net assets against liabilities. The asset and liability balances presented in the tables below reflect the gross amounts of derivatives recorded in the Company’s Condensed Consolidated Financial Statements.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Fair Values of Derivative Instruments

Derivatives Designated as Hedging Instruments

	Asset Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Prepaid expenses and other current assets	$	61.1	Prepaid expenses and other current assets	$	90.3
Interest rate swaps	Other assets	55.0		Other assets	93.1
Total		$	116.1		$	183.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Other current liabilities	$	0.4	Other current liabilities	$	15.8
Foreign currency forward contracts	Other current liabilities	4.3		Other current liabilities	53.1
Total		$	4.7		$	68.9

Fair Values of Derivative Instruments

Derivatives Not Designated as Hedging Instruments

	Asset Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$	3.2	Prepaid expenses and other current assets	$	6.4
Purchased cash convertible note hedge	Other assets	1,535.1		Other assets	1,303.0
Total		$	1,538.3		$	1,309.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Other current liabilities	$	4.5	Other current liabilities	$	5.4
Cash conversion feature of Cash Convertible Notes	Long-term debt	1,535.1		Long-term debt	1,303.0
Total		$	1,539.6		$	1,308.4

The Effect of Derivative Instruments on theCondensed 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 millions)			Three Months Ended
			March 31,
			2014		2013
Interest rate swaps	Interest expense		$	24.1	$	(1.8	)
Total			$	24.1	$	(1.8	)

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

	Location of (Loss) or Gain Recognized in Earnings on Hedged Items	Amount of (Loss) or Gain Recognized in Earnings on Hedged Items
(In millions)			Three Months Ended
			March 31,
			2014			2013
2018 Senior Notes (6.000% coupon)	Interest expense		$	1.1		$	5.3
2023 Senior Notes (3.125% coupon)	Interest expense		(16.5		)	—
Total			$	(15.4	)	$	5.3

The Effect of Derivative Instruments on theCondensed Consolidated Statements of Operations

Derivatives in Cash Flow Hedging Relationships

	Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)
	Three Months Ended
	March 31,
(In millions)	2014			2013
Foreign currency forward contracts	$	(50.9	)	$	4.7
Interest rate swaps	(42.5		)	4.7
Total	$	(93.4	)	$	9.4

	Location of Loss Reclassified from AOCE into Earnings (Effective Portion)	Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)
			Three Months Ended
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Net sales		$	(77.7	)	$	(9.1	)
Interest rate swaps	Interest expense		(0.2		)	(0.7		)
Total			$	(77.9	)	$	(9.8	)

	Location of Gain Excluded from the Assessment of Hedge Effectiveness	Amount of Gain Excluded from the Assessment of Hedge Effectiveness
			Three Months Ended
			March 31,
(In millions)			2014		2013
Foreign currency forward contracts	Other (expense) income, net		$	86.4	$	8.1
Total			$	86.4	$	8.1

At March 31, 2014, the Company expects that approximately $32 million of pre-tax net losses on cash flow hedges will be reclassified from AOCE into earnings during the next 12 months.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

The Effect of Derivative Instruments on theCondensed 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
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Other (expense) income, net		$	4.6		$	(11.2	)
Cash conversion feature of Cash Convertible Notes	Other (expense) income, net		(231.8		)	(55.3		)
Purchased cash convertible note hedge	Other (expense) income, net		231.8			55.3
Total			$	4.6		$	(11.2	)

Fair Value Measurement

Fair value is based on the price that would be received from the sale of an identical asset or paid to transfer an identical liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, a fair value hierarchy has been established that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

• Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

• Level 2: Observable market-based inputs other than quoted prices in active markets for identical assets or liabilities.

• Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as considers counterparty credit risk in its assessment of fair value.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

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

	March 31, 2014
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	94.7	$	—	$	—	$	94.7
Total cash equivalents	94.7		—		—		94.7
Trading securities:
Equity securities — exchange traded funds	16.8		—		—		16.8
Total trading securities	16.8		—		—		16.8
Available-for-sale fixed income investments:
U.S. Treasuries	—		0.7		—		0.7
Corporate bonds	—		11.1		—		11.1
Agency mortgage-backed securities	—		13.2		—		13.2
Other	—		2.4		—		2.4
Total available-for-sale fixed income investments	—		27.4		—		27.4
Available-for-sale equity securities:
Biosciences industry	0.1		—		—		0.1
Total available-for-sale equity securities	0.1		—		—		0.1
Foreign exchange derivative assets	—		3.2		—		3.2
Interest rate swap derivative assets	—		116.1		—		116.1
Purchased cash convertible note hedge	—		1,535.1		—		1,535.1
Total assets at recurring fair value measurement	$	111.6	$	1,681.8	$	—	$	1,793.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	8.8	$	—	$	8.8
Interest rate swap derivative liabilities	—		0.4		—		0.4
Cash conversion feature of Cash Convertible Notes	—		1,535.1		—		1,535.1
Contingent consideration	—		—		673.1		673.1
Total liabilities at recurring fair value measurement	$	—	$	1,544.3	$	673.1	$	2,217.4

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

	December 31, 2013
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	—	$	—	$	—	$	—
Total cash equivalents	—		—		—		—
Trading securities:
Equity securities — exchange traded funds	16.6		—		—		16.6
Total trading securities	16.6		—		—		16.6
Available-for-sale fixed income investments:
U.S. Treasuries	—		12.8		—		12.8
Corporate bonds	—		10.7		—		10.7
Agency mortgage-backed securities	—		0.7		—		0.7
Other	—		2.6		—		2.6
Total available-for-sale fixed income investments	—		26.8		—		26.8
Available-for-sale equity securities:
Biosciences industry	0.2		—		—		0.2
Total available-for-sale equity securities	0.2		—		—		0.2
Foreign exchange derivative assets	—		6.4		—		6.4
Interest rate swap derivative assets	—		183.4		—		183.4
Purchased cash convertible note hedge	—		1,303.0		—		1,303.0
Total assets at recurring fair value measurement	$	16.8	$	1,519.6	$	—	$	1,536.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	58.5	$	—	$	58.5
Interest rate swap derivative liabilities	—		15.8		—		15.8
Cash conversion feature of Cash Convertible Notes	—		1,303.0		—		1,303.0
Contingent consideration	—		—		664.6		664.6
Total liabilities at recurring fair value measurement	$	—	$	1,377.3	$	664.6	$	2,041.9

For financial assets and liabilities that utilize Level 2 inputs, the Company utilizes both direct and indirect observable price quotes, including the LIBOR yield curve, foreign exchange forward prices and bank price quotes. Below is a summary of valuation techniques for Level 1 and Level 2 financial assets and liabilities:

• Cash equivalents — valued at observable net asset value prices.

• Trading securities — valued at the active quoted market price from broker or dealer quotations or transparent pricing sources at the reporting date.

• Available-for-sale fixed income investments — valued at the quoted market price from broker or dealer quotations or transparent pricing sources at the reporting date.

• Available-for-sale equity securities — valued using quoted stock prices from the London Exchange at the reporting date and translated to U.S. Dollars at prevailing spot exchange rates.

• Interest rate swap derivative assets and liabilities — valued using the LIBOR/EURIBOR yield curves at the reporting date. Counterparties to these contracts are highly rated financial institutions.

20

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

• Foreign exchange derivative assets and liabilities — valued using quoted forward foreign exchange prices at the reporting date. Counterparties to these contracts are highly rated financial institutions.

• Cash conversion feature of cash convertible notes and purchased convertible note hedge — valued using quoted prices for the Company’s cash convertible notes, its implied volatility and the quoted yield on the Company’s other long-term debt at the reporting date. Counterparties to the purchased convertible note hedge are highly rated financial institutions.

The fair value measurement of contingent consideration is determined using Level 3 inputs. The Company’s contingent consideration represents a component of the total purchase consideration for the respiratory delivery platform, the Agila acquisition and certain other acquisitions. The measurement is calculated using unobservable inputs based on the Company’s own assumptions. For the respiratory platform and certain other acquisitions, significant unobservable inputs in the valuation include the probability and timing of future development and commercial milestones and future profit sharing payments. A discounted cash flow method was used to value contingent consideration at March 31, 2014 and December 31, 2013, which was calculated as the present value of the estimated future net cash flows using a market rate of return. Discount rates ranging from 0.7% to 11.1% were utilized in the valuation. For the contingent consideration related to the Agila acquisition, significant unobservable inputs in the valuation include the probability of future payments to the seller of amounts withheld at the closing date. Significant changes in unobservable inputs could result in material changes to the contingent consideration liability. During the three months endedMarch 31, 2014 and March 31, 2013, accretion of $8.4 million and $7.7 million was recorded in interest expense. A fair value adjustment to decrease the liability by approximately $1.9 million during the three months endedMarch 31, 2013, was recorded as a component of selling, general and administrative (“SG&A”) expense.

Although the Company has not elected the fair value option for financial assets and liabilities, any future transacted financial asset or liability will be evaluated for the fair value election.

9. Debt

Long-Term Debt

A summary of long-term debt is as follows:

(In millions)	Coupon		March 31, 2014		December 31, 2013
Revolving Facility			$	—	$	60.0
Cash Convertible Notes	3.750	%	2,066.8		1,828.3
2016 Senior Notes (a)	1.800	%	499.3		499.2
2016 Senior Notes (b)	1.350	%	499.7		499.7
2018 Senior Notes (c)	2.600	%	648.8		648.8
2018 Senior Notes (d)	6.000	%	810.7		811.4
2019 Senior Notes (a)	2.550	%	498.8		498.8
2020 Senior Notes (d)	7.875	%	1,011.7		1,012.0
2023 Senior Notes (a)	3.125	%	749.7		733.2
2023 Senior Notes (e)	4.200	%	498.1		498.1
2043 Senior Notes (e)	5.400	%	496.9		496.9
Other			0.1		0.1
Total long-term debt			$	7,780.6	$	7,586.5

____________ 

^(a) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

^(b) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.125% plus, in each case, accrued and unpaid interest.

^(c)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.

^(d) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.50% plus, in each case, accrued and unpaid interest.

^(e)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.

Exchange Offer

In June 2013, the Company issued $500 million aggregate principal amount of 1.800% Senior Notes due 2016 and $650 million aggregate principal amount of 2.600% Senior Notes due June 2018. These notes are the Company’s senior unsecured obligations and were issued to qualified institutional buyers in accordance with Rule 144A and to persons outside of the U.S. pursuant to Regulation S under the Securities Act in a private offering exempt from the registration requirements of the Securities Act.

In connection with the senior notes offering, the Company entered into a registration rights agreement with the initial purchasers of the senior notes. Pursuant to the registration rights agreement, the Company was obligated to use commercially reasonable efforts 1) to file a registration statement with respect to an offer to exchange senior notes (the “exchange offer”) for new notes with the same aggregate principal amount and terms substantially identical in all material respects and 2) to cause the exchange offer registration statement to be declared effective by the SEC under the Securities Act. The Company filed a registration statement with the SEC, which was declared effective on January 31, 2014 and the exchange offer was completed on March 4, 2014.

Cash Convertible Notes

Below is the summary of the components of the Cash Convertible Notes:

(In millions)	March 31, 2014			December 31, 2013			Balance Sheet Classification
Outstanding principal	$	574.0		$	574.0		Long-term debt
Equity component carrying amount	1,535.1			1,303.3			Long-term debt
Unamortized discount	(42.3		)	(49.0		)	Long-term debt
Net debt carrying amount	$	2,066.8		$	1,828.3
Purchased call options	$	1,535.1		$	1,303.3		Other assets

As of March 31, 2014, because the closing price of Mylan’s common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day in the March 31, 2014 period was more than 130% of the applicable conversion reference price of $13.32, the $574 million of Cash Convertible Notes were convertible. Although de minimis conversions have been requested, the Company’s experience is that convertible debentures are not normally converted by investors until close to their maturity date. Upon an investor’s election to convert, the Company is required to pay the full conversion value in cash. Should holders elect to convert, the Company intends to draw on its revolving credit facility to fund any principal payments. The amount payable per $1,000 notional bond would be calculated as the product of 1) the conversion reference rate (currently 75.0751) and 2) the average Daily Volume Weighted Average Price per share of common stock for a specified period following the conversion date. Any payment above the principal amount is matched by a convertible note hedge.

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Receivables Facility

As of March 31, 2014 and December 31, 2013, the Company’s short-term borrowings under the Receivables Facility were $280 million and $374 million, respectively in the Condensed Consolidated Balance Sheets.

Fair Value

At March 31, 2014 and December 31, 2013, the fair value of the Senior Notes was approximately $5.89 billion and $5.85 billion, respectively. At March 31, 2014 and December 31, 2013, the fair value of the Cash Convertible Notes was approximately $2.11 billion and $1.88 billion, respectively. The fair values of the Senior Notes and Cash Convertible Notes were valued at quoted market prices from broker or dealer quotations and were classified as Level 2 in the fair value hierarchy.

Mandatory minimum repayments remaining on the outstanding borrowings under the Revolving Facility and notes at notional amounts at March 31, 2014 are as follows for each of the periods ending December 31:

(In millions)	Total
2014	$	—
2015	574.0
2016	1,000.0
2017	—
2018	1,450.0
Thereafter	3,250.0
Total	$	6,274.0

10. Comprehensive Earnings

Accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets, is comprised of the following:

(In millions)	March 31, 2014			December 31, 2013
Accumulated other comprehensive loss:
Net unrealized gains on marketable securities, net of tax	$	0.3		$	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7		)	(8.7		)
Net unrecognized gains on derivatives, net of tax	69.3			84.8
Foreign currency translation adjustment	(219.3		)	(316.5		)
	$	(159.4	)	$	(240.1	)

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Components of accumulated other comprehensive loss, before tax, consist of the following, for the three months endedMarch 31, 2014 and 2013:

	Three Months Ended March 31, 2014
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities		Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2013, net of tax					$	84.8		$	0.3	$	(8.7	)	$	(316.5	)	$	(240.1	)
Other comprehensive earnings (loss) before reclassifications, before tax					(105.3		)	—		(1.7		)	97.2			(9.8		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Gain (loss) on foreign exchange forward contracts classified as cash flow hedges, included in net sales	(77.7	)			(77.7		)									(77.7		)
Gain (loss) on interest rate swaps classified as cash flow hedges, included in interest expense			(0.2	)	(0.2		)									(0.2		)
Amortization of actuarial gain (loss) included in SG&A expenses										(0.2		)				(0.2		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(77.9		)	—		(0.2		)	—			(78.1		)
Net other comprehensive earnings (loss), before tax					(27.4		)	—		(1.5		)	97.2			68.3
Income tax provision					11.9			—		0.5			—			12.4
Balance at March 31, 2014, net of tax					$	69.3		$	0.3	$	(9.7	)	$	(219.3	)	$	(159.4	)

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

	Three Months Ended March 31, 2013
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities			Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2012, net of tax					$	(30.8	)	$	1.0		$	(13.9	)	$	(42.8	)	$	(86.5	)
Other comprehensive (loss) earnings before reclassifications, before tax					16.0			(0.3		)	—			(140.4		)	(124.7		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Loss on foreign exchange forward contracts classified as cash flow hedges, included in net revenues	(9.1	)			(9.1		)										(9.1		)
Loss on interest rate swaps classified as cash flow hedges, included in interest expense			(0.7	)	(0.7		)										(0.7		)
Amortization of actuarial gain (loss) included in SG&A expenses											(0.3		)				(0.3		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(9.8		)	—			(0.3		)	—			(10.1		)
Net other comprehensive earnings (loss), before tax					25.8			(0.3		)	0.3			(140.4		)	(114.6		)
Income tax (benefit) provision					(7.3		)	0.1			(0.1		)	—			(7.3		)
Balance at March 31, 2013, net of tax					$	(12.3	)	$	0.8		$	(13.7	)	$	(183.2	)	$	(208.4	)

11. Shareholders’ Equity

A summary of the changes in shareholders’ equity for the three months endedMarch 31, 2014 and 2013 is as follows:

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest			Total
December 31, 2013	$	2,941.8		$	18.1		$	2,959.9
Net earnings	115.9			0.7			116.6
Other comprehensive earnings, net of tax	80.7			—			80.7
Stock option activity	21.9			—			21.9
Stock compensation expense	15.4			—			15.4
Issuance of restricted stock, net of shares withheld	(20.1		)	—			(20.1		)
Tax benefit of stock option plans	18.7			—			18.7
Other	—			(1.4		)	(1.4		)
March 31, 2014	$	3,174.3		$	17.4		$	3,191.7

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest		Total
December 31, 2012	$	3,340.7		$	15.1	$	3,355.8
Net earnings	106.9			0.6		107.5
Other comprehensive loss, net of tax	(121.9		)	—		(121.9		)
Common stock share repurchase	(500.0		)	—		(500.0		)
Stock option activity	28.1			—		28.1
Stock compensation expense	12.1			—		12.1
Issuance of restricted stock, net of shares withheld	(7.3		)	—		(7.3		)
Tax benefit of stock option plans	12.9			—		12.9
March 31, 2013	$	2,871.5		$	15.7	$	2,887.2

12. Segment Information

Mylan has two segments, “Generics” and “Specialty.” The Generics segment primarily develops, manufactures, sells and distributes generic or branded generic pharmaceutical products in tablet, capsule, injectable or transdermal patch form, as well as active pharmaceutical ingredients (“API”). The Specialty segment engages mainly in the development and sale of branded specialty nebulized and injectable products.

The Company’s chief operating decision maker evaluates the performance of its segments based on total revenues and segment profitability. Segment profitability represents segment gross profit less direct research and development (“R&D”) expenses and direct SG&A expenses. Certain general and administrative and R&D expenses not allocated to the segments, net charges for litigation settlements, impairment charges and other expenses not directly attributable to the segments, are reported in Corporate/Other. Additionally, amortization of intangible assets and other purchase accounting related items, as well as any other significant special items, are included in Corporate/Other. As a result of changes to the organization structure at the end of 2013, certain R&D and selling and marketing expenses that were previously a component of the Specialty segment profitability are included within the Generics segment profitability beginning in 2014. Items below the earnings from operations line on the Company’s Condensed Consolidated Statements of Operations are not presented by segment, since they are excluded from the measure of segment profitability. The Company does not report depreciation expense, total assets and capital expenditures by segment, as such information is not used by the chief operating decision maker.

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Intersegment revenues are accounted for at current market values and are eliminated at the consolidated level.

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.

(In millions)	Generics Segment		Specialty Segment		Corporate / Other(1)			Consolidated
Three Months Ended March 31, 2014
Total revenues
Third party	$	1,514.5	$	201.1	$	—		$	1,715.6
Intersegment	1.3		1.7		(3.0		)	—
Total	$	1,515.8	$	202.8	$	(3.0	)	$	1,715.6
Segment profitability	$	388.2	$	99.5	$	(248.7	)	$	239.0
Three Months Ended March 31, 2013
Total revenues
Third party	$	1,412.8	$	218.7	$	—		$	1,631.5
Intersegment	0.6		7.9		(8.5		)	—
Total	$	1,413.4	$	226.6	$	(8.5	)	$	1,631.5
Segment profitability	$	392.1	$	89.8	$	(268.1	)	$	213.8

____________

⁽¹⁾  Includes certain corporate general and administrative and R&D expenses; net charges for litigation settlements; certain intercompany transactions, including eliminations; amortization of intangible assets and certain purchase accounting items; impairment charges; and other expenses not directly attributable to segments.

13. Contingencies

Legal Proceedings

The Company is involved in various disputes, governmental and/or regulatory inquiries and proceedings and litigation matters that arise from time to time, some of which are described below. The Company is also party to certain litigation matters for which Merck KGaA or Strides Arcolab has agreed to indemnify the Company, pursuant to the respective sale and purchase agreements.

While the Company believes that it has meritorious defenses with respect to the claims asserted against it and intends to vigorously defend its position, the process of resolving matters through litigation or other means is inherently uncertain, and it is not possible to predict the ultimate resolution of any such proceeding. It is possible that an unfavorable resolution of any of the matters described below, or the inability or denial of Merck KGaA, Strides Arcolab, or another indemnitor or insurer to pay an indemnified claim, could have a material effect on the Company’s financial position, results of operations and/or cash flows, and could cause the market value of our common stock to decline. Unless otherwise disclosed below, the Company is unable to predict the outcome of the respective litigation or to provide an estimate of the range of reasonably possible losses. Legal costs are recorded as incurred and are classified in SG&A expenses in the Company’s Condensed Consolidated Statements of Operations.

Lorazepam and Clorazepate

On June 1, 2005, a jury verdict was rendered against Mylan, MPI, and co-defendants Cambrex Corporation and Gyma Laboratories in the U.S. District Court for the District of Columbia in the amount of approximately $12.0 million, which has been accrued for by the Company. The jury found that Mylan and its co-defendants willfully violated Massachusetts, Minnesota and Illinois state antitrust laws in connection with API supply agreements entered into between the Company and its API supplier (Cambrex) and broker (Gyma) for two drugs, Lorazepam and Clorazepate, in 1997, and subsequent price increases on these drugs in 1998. The case was brought by four health insurers who opted out of earlier class action settlements agreed to by the Company in 2001 and represents the last remaining antitrust claims relating to Mylan’s 1998 price increases for Lorazepam

27

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

and Clorazepate. Following the verdict, the Company filed a motion for judgment as a matter of law, a motion for a new trial, a motion to dismiss two of the insurers and a motion to reduce the verdict. On December 20, 2006, the Company’s motion for judgment as a matter of law and motion for a new trial were denied and the remaining motions were denied on January 24, 2008. In post-trial filings, the plaintiffs requested that the verdict be trebled and that request was granted on January 24, 2008. On February 6, 2008, a judgment was issued against Mylan and its co-defendants in the total amount of approximately $69.0 million, which, in the case of three of the plaintiffs, reflects trebling of the compensatory damages in the original verdict (approximately $11.0 million in total) and, in the case of the fourth plaintiff, reflects their amount of the compensatory damages in the original jury verdict plus doubling this compensatory damage award as punitive damages assessed against each of the defendants (approximately $58.0 million in total), some or all of which may be subject to indemnification obligations by Mylan. Plaintiffs are also seeking an award of attorneys’ fees and litigation costs in unspecified amounts and prejudgment interest of approximately $8.0 million. The Company and its co-defendants appealed to the U.S. Court of Appeals for the D.C. Circuit and have challenged the verdict as legally erroneous on multiple grounds. The appeals were held in abeyance pending a ruling on the motion for prejudgment interest, which has been granted. Mylan has contested this ruling along with the liability finding and other damages awards as part of its appeal, which was filed in the Court of Appeals for the D.C. Circuit. On January 18, 2011, the Court of Appeals issued a judgment remanding the case to the District Court for further proceedings based on lack of diversity with respect to certain plaintiffs. On June 13, 2011, Mylan filed a certiorari petition with the U.S. Supreme Court requesting review of the judgment of the D.C. Circuit. On October 3, 2011, the certiorari petition was denied. The case is now proceeding before the District Court. On January 14, 2013, following limited court-ordered jurisdictional discovery, the plaintiffs filed a fourth amended complaint containing additional factual averments with respect to the diversity of citizenship of the parties, along with a motion to voluntarily dismiss 755 (of 1,387) self-funded customers whose presence would destroy the District Court’s diversity jurisdiction. The plaintiffs also moved for a remittitur (reduction) of approximately $8.1 million from the full damages award. Mylan’s brief in response to the new factual averments in the complaint was filed on February 13, 2013. In addition to disputing the sufficiency of many of the plaintiffs’ jurisdictional averments, Mylan argues that the case should be dismissed in its entirety, or that alternatively all of the self-funded customer claims should be dismissed. Mylan also argues for additional discovery and a new trial on damages. Briefing on these issues is complete, and a decision is pending.

In connection with the Company’s appeal of the judgment, the Company submitted a surety bond underwritten by a third-party insurance company in the amount of $74.5 million in February 2008. On May 30, 2012, the District Court ordered the amount of the surety bond reduced to $66.6 million.

Pricing and Medicaid Litigation

Beginning in September 2003, Mylan, MPI and/or Mylan Institutional Inc. (formerly known as UDL Laboratories, Inc. and hereafter “MII”), a wholly owned subsidiary of the Company, together with many other pharmaceutical companies, have been named in civil lawsuits filed by state attorneys general (“AGs”) and municipal bodies within the state of New York alleging generally that the defendants defrauded the state Medicaid systems by allegedly reporting Average Wholesale Prices (“AWP”) and/or “Wholesale Acquisition Costs” that exceeded the actual selling price of the defendants’ prescription drugs, causing state programs to overpay pharmacies and other providers. To date, Mylan, MPI and/or MII have been named as defendants in substantially similar civil lawsuits filed by the AGs of Alabama, Alaska, California, Florida, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, Missouri, Oklahoma, South Carolina, Texas, Utah and Wisconsin, and also by the city of New York and approximately 40 counties across New York State. Several of these cases were transferred to the AWP multi-district litigation proceedings pending in the U.S. District Court for the District of Massachusetts for pretrial proceedings. Other cases have been litigated in the state courts in which they were filed. Each of the cases seeks money damages, civil penalties and/or double, treble or punitive damages, counsel fees and costs, equitable relief and/or injunctive relief. Mylan and its subsidiaries have denied liability and have defended each of these actions vigorously.

In May 2008, an amended complaint was filed in the U.S. District Court for the District of Massachusetts by a private plaintiff on behalf of the United States of America against Mylan, MPI, MII and several other generic manufacturers. The original complaint was filed under seal in April 2000, and Mylan, MPI and MII were added as parties in February 2001. The claims against Mylan, MPI, MII and the other generic manufacturers were severed from the April 2000 complaint (which remains under seal) as a result of the federal government’s decision not to intervene in the action as to those defendants. The complaint alleged violations of the False Claims Act and set forth allegations substantially similar to those alleged in the state AG cases mentioned in the preceding paragraph and purported to seek nationwide recovery of any and all alleged overpayment of the “federal share” under the Medicaid program, as well as treble damages and civil penalties. In December 2010, the Company completed a settlement of this case (except for the claims related to the California federal share) and the Texas state action mentioned above. This settlement resolved a significant portion of the damages claims asserted against Mylan, MPI and

28

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Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

MII in the various pending pricing litigations. In addition, Mylan has reached settlements of the Alabama, Alaska, California (including the federal share), Florida, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, New York state and county, Oklahoma, South Carolina and Utah state actions. The Company has also reached agreements in principle to settle the Wisconsin and Missouri actions, which are contingent upon the execution of definitive settlement documents. The Company had accrued approximately $56.0 million at March 31, 2014 and December 31, 2013. There were no settlement payments made during the three months endedMarch 31, 2014. The Company reviews the status of these actions on an ongoing basis, and from time to time, the Company may settle or otherwise resolve these matters on terms and conditions that management believes are in the best interests of the Company. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts that may have been accrued. However, the range of reasonably possible loss above the amount accrued cannot be estimated.

Dey L.P. (now known as Mylan Specialty L.P. and hereafter “Mylan Specialty”), a wholly owned subsidiary of the Company, was named as a defendant in several class actions brought by consumers and third-party payors. Mylan Specialty reached a settlement of these class actions, which was approved by the court and all claims have been dismissed. Additionally, a complaint was filed under seal by a plaintiff on behalf of the United States of America against Mylan Specialty in August 1997. In August 2006, the Government filed its complaint-in-intervention and the case was unsealed in September 2006. The Government asserted that Mylan Specialty was jointly liable with a codefendant and sought recovery of alleged overpayments, together with treble damages, civil penalties and equitable relief. Mylan Specialty completed a settlement of this action in December 2010. These cases all have generally alleged that Mylan Specialty falsely reported certain price information concerning certain drugs marketed by Mylan Specialty, that Mylan Specialty caused false claims to be made to Medicaid and to Medicare, and that Mylan Specialty caused Medicaid and Medicare to make overpayments on those claims.

Under the terms of the purchase agreement with Merck KGaA, Mylan is fully indemnified for the claims in the preceding paragraph and Merck KGaA is entitled to any income tax benefit the Company realizes for any deductions of amounts paid for such pricing litigation. Under the indemnity, Merck KGaA is responsible for all settlement and legal costs, and, as such, these settlements had no impact on the Company’s Consolidated Statements of Operations. At March 31, 2014, the Company has accrued approximately $63.3 million in other current liabilities, which represents its estimate of the remaining amount of anticipated income tax benefits due to Merck KGaA. Substantially all of Mylan Specialty’s known claims with respect to this pricing litigation have been settled.

Modafinil Antitrust Litigation and FTC Inquiry

Beginning in April 2006, Mylan and four other drug manufacturers have been named as defendants in civil lawsuits filed in or transferred to the U.S. District Court for the Eastern District of Pennsylvania by a variety of plaintiffs purportedly representing direct and indirect purchasers of the drug Modafinil and in a lawsuit filed by Apotex, Inc., a manufacturer of generic drugs. These actions allege violations of federal antitrust and state laws in connection with the generic defendants’ settlement of patent litigation with Cephalon relating to Modafinil. On March 29, 2010, the Court in the Eastern District of Pennsylvania denied the defendants’ motions to dismiss. Fact discovery has closed and briefing on dispositive motions is ongoing.

In addition, by letter dated July 11, 2006, Mylan was notified by the U.S. Federal Trade Commission (“FTC”) of an investigation relating to the settlement of the Modafinil patent litigation. In its letter, the FTC requested certain information from Mylan, MPI and Mylan Technologies, Inc. pertaining to the patent litigation and the settlement thereof. On March 29, 2007, the FTC issued a subpoena, and on April 26, 2007, the FTC issued a civil investigative demand to Mylan, requesting additional information from the Company relating to the investigation. Mylan has cooperated fully with the government’s investigation and completed all requests for information. On February 13, 2008, the FTC filed a lawsuit against Cephalon in the U.S. District Court for the District of Columbia and the case has subsequently been transferred to the U.S. District Court for the Eastern District of Pennsylvania. On July 1, 2010, the FTC issued a third party subpoena to Mylan, requesting documents in connection with its lawsuit against Cephalon. Mylan has responded to the subpoena. Mylan is not named as a defendant in the FTC’s lawsuit, although the complaint includes certain allegations pertaining to Mylan’s settlement with Cephalon.

Minocycline

On May 1, 2012, the FTC issued a civil investigative demand to Mylan pertaining to an investigation being conducted to determine whether Medicis Pharmaceutical Corporation, Mylan, and/or other generic companies engaged in unfair methods of competition with regard to Medicis’ branded Solodyn® products and generic Solodyn® products, as well as the 2010

29

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

settlement of Medicis’ patent infringement claims against Mylan and Matrix Laboratories Limited (now known as Mylan Laboratories Limited). Mylan is cooperating with the FTC and has responded to the requests for information.

Beginning in July 2013, Mylan and Mylan Laboratories Limited, along with other drug manufacturers, have been named as defendants in civil lawsuits filed by a variety of plaintiffs in the U.S. District Court for the Eastern District of Pennsylvania, the District of Arizona, and the District of Massachusetts. Those lawsuits have been consolidated in the U.S. District Court for the District of Massachusetts. The plaintiffs purport to represent direct and indirect purchasers of branded or generic Solodyn®, and assert violations of federal and state laws, including allegations in connection with separate settlements by Medicis with each of the other defendants of patent litigation relating to generic Solodyn®.

Pioglitazone

Beginning in December 2013, Mylan, Takeda, and several other drug manufacturers have been named as defendants in civil lawsuits filed in the U.S. District Court for the Southern District of New York, the Northern District of Illinois, and the District of Rhode Island by plaintiffs which purport to represent indirect purchasers of branded or generic Actos® and Actoplus Met®. These actions allege violations of state and federal competition laws in connection with the defendants’ settlements of patent litigation in 2010 relating to Actos® and Actoplus Met®.

European Commission Proceedings

On or around July 8, 2009, the European Commission (the “Commission”) stated that it had initiated antitrust proceedings pursuant to Article 11(6) of Regulation No. 1/2003 and Article 2(1) of Regulation No. 773/2004 to explore possible infringement of Articles 81 and 82 EC and Articles 53 and 54 of the EEA Agreement by Les Laboratoires Servier (“Servier”) as well as possible infringement of Article 81 EC by the Company’s Indian subsidiary, Mylan Laboratories Limited (formerly known as Matrix Laboratories Limited), and four other companies, each of which entered into agreements with Servier relating to the product Perindopril. On July 30, 2012, the European Commission issued a Statement of Objections to Servier SAS, Servier Laboratories Limited, Les Laboratories Servier, Adir, Biogaran, Krka, d.d. Novo mesto, Lupin Limited, Mylan Laboratories Limited, Mylan Inc., Niche Generics Limited, Teva UK Limited, Teva Pharmaceutical Industries Ltd., Teva Pharmaceuticals Europe B.V. and Unichem Laboratories Limited. Mylan Inc. and Mylan Laboratories Limited have filed responses to the Statement of Objections and are vigorously defending themselves against allegations contained therein.

On October 6, 2009, the Company received notice that the Commission was initiating an investigation pursuant to Article 20(4) of Regulation No. 1/2003 to explore possible infringement of Articles 81 and 82 EC by the Company and its affiliates. Mylan S.A.S., acting on behalf of its Mylan affiliates, has produced documents and other information in connection with the inquiry and continues to respond to other requests for additional information. The Company is cooperating with the Commission in connection with the investigation, and no statement of objections has been filed against the Company in connection with the investigation.

On March 19, 2010, Mylan and Generics [U.K.] Limited, a wholly owned subsidiary of the Company, received notice that the Commission had opened proceedings against Lundbeck with respect to alleged unilateral practices and/or agreements related to Citalopram in the European Economic Area. A Statement of Objections was issued to Lundbeck, Merck KGaA, Generics [U.K.] Limited, Arrow, Resolution Chemicals, Xelia Pharmaceuticals, Alpharma, A.L. Industrier and Ranbaxy on July 25, 2012. Generics [U.K.] Limited filed a response to the Statement of Objections, and vigorously defended itself against allegations contained therein. On June 19, 2013, the Commission issued a decision finding that Generics [U.K.] Limited, as well as the companies noted above, had violated European Union (“EU”) competition rules and required Generics [U.K.] Limited to pay approximately €7.8 million, jointly and severally with Merck KGaA. Generics [U.K.] Limited has appealed the Commission’s decision. Generics [U.K.] Limited has also sought indemnification from Merck KGaA with respect to the €7.8 million issued against Merck KGaA and Generics [U.K.] Limited jointly and severally. Merck KGaA has counterclaimed against Generics [U.K.] Limited seeking the same. The Company had accrued approximately $10.3 million related to this matter at March 31, 2014 and December 31, 2013. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts accrued. However, the range of reasonably possible loss above the amount accrued cannot be estimated.

U.K. Office of Fair Trading

On August 12, 2011, Generics [U.K.] Limited received notice that the Office of Fair Trading was opening an investigation to explore the possible infringement of the Competition Act 1998 and Article 101 and 102 of the Treaty on the

30

MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Functioning of the European Union, with respect to alleged agreements related to Paroxetine. On April 19, 2013, a Statement of Objections was issued to GlaxoSmithKline, Generics [U.K.] Limited, Alpharma and Ivax LLC. Generics [U.K.] Limited filed a response to the Statement of Objections, defending itself against the allegations contained therein. A decision remains pending.

South African Competition Commission

Mylan's South African affiliate received a summons and a request for appearance and information, dated February 22, 2013, regarding a supply agreement between Aspen Pharmacare Holdings (Pty) Ltd. and Mylan Laboratories Limited pertaining to a fixed dose combination antiretroviral product. The summons was issued in respect of two complaints in connection with this agreement. An amended complaint and Initiation Statement were received on June 21, 2013. Mylan has produced documents and information in connection with this matter. Mylan is continuing to cooperate in this investigation. The complaint has not been referred to the Competition Tribunal.

Product Liability

The Company is involved in a number of product liability lawsuits and claims related to alleged personal injuries arising out of certain products manufactured and/or distributed by the Company, including but not limited to its Fentanyl Transdermal System, Phenytoin, Propoxyphene and Alendronate®. The Company believes that it has meritorious defenses to these lawsuits and claims and is vigorously defending itself with respect to those matters. From time to time, the Company has agreed to settle or otherwise resolve certain lawsuits and claims on terms and conditions that are in the best interests of the Company. The Company had accrued approximately $15.1 million at March 31, 2014 and $13.8 million at December 31, 2013. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts accrued . However, the range of reasonably possible loss above the amount accrued cannot be estimated.

Intellectual Property

On April 16, 2012, the Federal Circuit reversed and vacated a judgment of invalidity by the United States District Court for the District of Delaware in a patent infringement lawsuit by Eurand, Inc. (now known as Aptalis Pharmatech, Inc.), Cephalon, Inc., and Anesta AG against Mylan Inc. and MPI in relation to MPI’s abbreviated new drug application for Extended-release Cyclobenzaprine Hydrochloride. On May 12, 2011, the District Court found, after trial, the patents-in-suit invalid as obvious. On May 13, 2011, MPI launched its Cyclobenzaprine Hydrochloride Extended-release capsules. Plaintiffs appealed the District Court’s finding of obviousness to the Federal Circuit, and on May 24, 2011, the District Court issued an injunction order enjoining Mylan from selling any additional Cyclobenzaprine products pending the Federal Circuit’s decision. Plaintiffs were required to post a $10 million bond. Mylan appealed the District Court’s injunction and filed a motion to stay the injunction pending resolution of the appeal. On May 25, 2011, the Federal Circuit temporarily stayed the injunction pending full briefing on Mylan’s motion to stay. On July 7, 2011, the Federal Circuit reinstated the injunction preventing further sales pending a decision on the appeal. On April 16, 2012, the Federal Circuit reversed and vacated the District Court’s invalidity judgment and dismissed without prejudice Mylan’s appeal of the injunction. The Company filed a petition for rehearing en banc and on July 25, 2012, the petition was denied. The Company filed a petition for certiorari to the United States Supreme Court on October 23, 2012 and on January 14, 2013, the petition was denied. The case was remanded to the District Court for consideration of the issue of damages. On April 4, 2013, the District Court ordered that the effective date of approval of Mylan’s Abbreviated New Drug Application shall not be earlier than the later to expire of the patents-in-suit, unless otherwise ordered by the Court, and enjoined Mylan from manufacturing, using, offering to sell, selling, or importing its products until after the later of the expiration dates of the patents-in-suit, unless otherwise ordered by the Court. The trial on the issue of damages is scheduled to commence on September 2, 2014.

In these and other situations, the Company has used its business judgment to decide to market and sell products, notwithstanding the fact that allegations of patent infringement(s) or other potential third party rights have not been finally resolved by the courts (i.e., an “at-risk launch” situation). The risk involved in doing so can be substantial because the remedies available to the owner of a patent for infringement may include, among other things, damages measured by the profits lost by the patent owner and not necessarily by the profits earned by the infringer. In the case of willful infringement, the definition of which is subjective, such damages may be increased up to three times. Moreover, because of the discount pricing typically involved with bioequivalent products, patented branded products generally realize a substantially higher profit margin than bioequivalent products. An adverse decision in any case involving an at-risk launch could have a material adverse effect on our financial position, results of operations and cash flows.

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MYLAN INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited) - Continued

Other Litigation

The Company is involved in various other legal proceedings that are considered normal to its business, including but not limited to certain proceedings assumed as a result of the acquisition of the former Merck Generics business and Agila. While it is not possible to predict the ultimate outcome of such other proceedings, the ultimate outcome of any such proceeding is not currently expected to be material to the Company’s financial position, results of operations or cash flows.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis addresses material changes in the financial condition and results of operations of Mylan Inc. and subsidiaries (the “Company”, “Mylan”, “our” or “we”) for the periods presented. This discussion and analysis should be read in conjunction with the Consolidated Financial Statements, the related Notes to Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, the unaudited interim Condensed Consolidated Financial Statements and related Notes included in Part I — ITEM 1 of this Quarterly Report on Form 10-Q (“Form 10-Q”) and our other Securities and Exchange Commission (“SEC”) filings and public disclosures. The interim results of operations and cash flows for the three months endedMarch 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year or any other future period.

This Form 10-Q may contain “forward-looking statements.” These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include, without limitation, statements about the Company’s future operations, its anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competition, and other expectations and targets for future periods. These often may be identified by the use of words such as “may,” “could,” “should,” “would,” “project,” “believe,” “anticipate,” “expect,” “plan,” “estimate,” “forecast,” “potential,” “intend,” “continue,” “target” and variations of these words or comparable words. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the inherent challenges, risks and costs in the Company’s ability to identify, acquire and integrate complementary or strategic acquisitions of other companies, products or assets and in achieving anticipated synergies; the Company’s expected or targeted future financial and operating performance and results; the Company’s capacity to bring new products to market, including but not limited to where the Company uses its business judgment and decide to manufacture, market, and/or sell products, directly or through third parties, notwithstanding the fact that allegations of patent infringement(s) have not been finally resolved by the courts (i.e., an “at-risk launch”); the scope, timing and outcome of the legal proceedings as described in Note 13 of the Notes to the Condensed Consolidated Financial Statements included in this Form 10-Q and the impact of any such proceedings on the Company’s consolidated financial condition, results of operations or cash flows; the Company’s ability to protect its intellectual property and preserve its intellectual property rights; the effect of any changes in customer and supplier relationships and customer relationships; the ability to attract and retain key personnel; changes in third-party relationships; the impacts of competition; changes in economic and financial conditions of the Company's business; uncertainties and matters beyond the control of management; and inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements, and the providing of estimates of financial measures, in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and related standards or on an adjusted basis. For more detailed information on the risks and uncertainties associated with the Company’s business activities, see the risks described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and its other filings with the SEC. You can access the Company’s Form 10-K and other filings with the SEC through the SEC website at www.sec.gov, and the Company strongly encourages you to do so. The Company undertakes no obligation to update any forward-looking statements herein for revisions or changes after the filing date of this Form 10-Q. Further, uncertainties or other circumstances, or matters outside of the Company's control between the date of this filing and the date that its Form 10-Q for the three months endedMarch 31, 2014, is filed with the SEC could potentially result in adjustments to reported results.

Executive Overview

Mylan is a leading global pharmaceutical company, which develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals. Mylan is committed to setting new standards in health care, and our mission is to provide the world’s 7 billion people access to high quality medicine. To do so, we innovate to satisfy unmet needs; make reliability and service excellence a habit; do what's right, not what's easy; and impact the future through passionate global leadership.

Mylan offers one of the industry’s broadest product portfolios, including more than1,300 marketed products, to customers in approximately140 countries and territories. We operate a global, high quality vertically-integrated manufacturing platform, which includes more than35 manufacturing facilities around the world and one of the world’s largest active pharmaceutical ingredient (“API”) operations. We also operate a strong research and development (“R&D”) network that has consistently delivered a robust product pipeline. Additionally, Mylan has a specialty business that is focused on respiratory and allergy therapies.

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Mylan has two segments, “Generics” and “Specialty.” Generics primarily develops, manufactures, sells and distributes generic or branded generic pharmaceutical products in tablet, capsule, injectable or transdermal patch form, as well as API. Beginning in 2014, the regions within the Generics segment have been revised to North America, Europe and Rest of World. The Rest of World region includes the former Asia Pacific region, Brazil and export sales to emerging markets, which were previously included in the North America and EMEA regions. This change had no impact on Mylan's segment reporting.

Our generic pharmaceutical business is conducted primarily in the United States (“U.S.”) and Canada (collectively, “North America”); Europe; and India, Australia, Japan, New Zealand and Brazil as well as our export activity into emerging markets (collectively, “Rest of World”). Our API business is conducted through Mylan Laboratories Limited (“Mylan India”), which is included within the Rest of World in our Generics segment. Specialty engages mainly in the development and sale of branded specialty injectable and nebulized products. We also report in Corporate/Other certain R&D expenses, general and administrative expenses, litigation settlements, amortization of intangible assets and certain purchase accounting items, impairment charges, if any, and other items not directly attributable to the segments.

A summary of the Generics Segment’s 2013 total third party net sales and total revenues recast for the geographic change noted above is detailed below:

Recast for Geographic Changes Within the Generics Segment:
(In millions)	Three Months Ended								Year Ended
	March 31, 2013		June 30, 2013		September 30, 2013		December 31, 2013		December 31, 2013
Generics:
North America	$	731.5	$	716.5	$	705.5	$	853.1	$	3,006.6
Europe	348.5		359.4		346.5		375.3		1,429.7
Rest of World	327.8		374.5		346.9		389.4		1,438.6
Total third-party net sales	1,407.8		1,450.4		1,398.9		1,617.8		5,874.9
Other third-party revenues	5.0		7.8		5.5		7.5		25.8
Intersegment revenues	0.6		1.9		1.7		1.5		5.7
Generics total revenues	$	1,413.4	$	1,460.1	$	1,406.1	$	1,626.8	$	5,906.4

Significant recent events include the following:

Agila Specialties

On February 27, 2013, the Company announced that it signed definitive agreements to acquire the Agila Specialties business (“Agila”), a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (“Strides Arcolab”). The transaction closed on December 4, 2013, and the total purchase price was approximately $1.43 billion (net of cash acquired of $3.4 million), which includes estimated contingent consideration of $250 million. The contingent consideration, which could total a maximum of $461 million, is primarily related to the satisfaction of certain regulatory conditions, including any potential regulatory remediation costs and the resolution of certain pre-acquisition contingencies. The acquisition of Agila significantly expands and strengthens Mylan's existing injectables platform and portfolio, and also provides Mylan entry into certain new geographic markets.

Financial Summary

For the three months ended March 31, 2014, Mylan reported total revenues of $1.72 billion, compared to $1.63 billion for the three months ended March 31, 2013. This represents an increase in revenues of $84.1 million, or 5.2%. Consolidated gross profit for the current quarter was $737.8 million, compared to $693.5 million in the comparable prior year period, an increase of $44.3 million, or 6.4%. For the current quarter, earnings from operations were $239.0 million, compared to $213.8 million for the three months ended March 31, 2013, an increase of $25.2 million, or 11.8%.

Net earnings attributable to Mylan Inc. common shareholders increased$9.0 million, or 8.4%, to $115.9 million for the three months ended March 31, 2014, compared to $106.9 million for the prior year comparable period. Diluted earnings per common share attributable to Mylan Inc. common shareholders increased from $0.27 to $0.29 for the three months ended

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March 31, 2014 compared to the prior year comparable period. A more detailed discussion of the Company’s financial results can be found below in the section titled “Results of Operations.”

Results of Operations

Three Months Ended March 31, 2014, Compared to Three Months Ended March 31, 2013

Total Revenues and Gross Profit

For the current quarter, Mylan reported total revenues of $1.72 billion, compared to $1.63 billion for the comparable prior year period. Total revenues include both net sales and other revenues from third parties. Third party net sales for the current quarter were $1.70 billion, compared to $1.62 billion for the comparable prior year period, representing an increase of $83.6 million, or 5.2%. Other third party revenues for the current quarter were $12.6 million, compared to $12.1 million for the comparable prior year period, an increase of $0.5 million.

Mylan’s current quarter revenues were unfavorably impacted by the effect of foreign currency translation, primarily reflecting changes in the U.S. Dollar as compared to the currencies of Mylan’s subsidiaries in India, Australia and Japan. When translating total revenues for the current quarter at prior year comparative period exchange rates (“constant currency”), the unfavorable impact of foreign currency translation on current quarter total revenues was approximately $34 million, or 2%. Translating total revenues in the current quarter at prior period foreign currency exchange rates would have resulted in period over period constant currency growth of approximately $118 million, or 7%. The increase in constant currency total revenues was the result of a 7% increase in third party sales in the North America region combined with constant currency revenue growth in the Rest of World region of 27%. Both of these regions are included within the Generics segment. Offsetting these increases was a decline in third party net sales from the Specialty segment of 8% when compared to the prior year period. The contribution from new products, and to a lesser extent, revenue from acquired businesses, totaled approximately $162 million in the first quarter of 2014. On a constant currency basis, revenues from existing products decreased approximately $45 million as a result of a decline in pricing of approximately $17 million and a decline in volume of $28 million.

Cost of sales for the three months ended March 31, 2014 was $977.8 million, compared to $938.0 million for the comparable prior year period. Cost of sales for the current quarter is impacted by the amortization of acquired intangible assets and restructuring and other special items as described further in the section titled “Adjusted Earnings.” These items totaled approximately $127.8 million in the current quarter. The prior year comparable period cost of sales included similar purchase accounting and restructuring and other special items in the amount of $103.0 million. The increase in current year purchase accounting and restructuring and other special items is principally the result of increased amortization expense as a result of Agila acquisition, which was completed in late 2013. Excluding the amounts related to purchase accounting amortization and restructuring and other special items, cost of sales in the current quarter increased slightly to $850.0 million from $835.0 million.

Gross profit for the three months ended March 31, 2014 was $737.8 million, and gross margins were 43.0%. For the three months ended March 31, 2013, gross profit was $693.5 million, and gross margins were 42.5%. Excluding the purchase accounting and restructuring and other special items discussed in the preceding paragraph, gross margins would have been approximately 50% for the three months ended March 31, 2014 as compared to approximately 49% for the three months ended March 31, 2013. Adjusted gross margins were positively impacted in the current quarter as a result of higher margins on new products by approximately 230 basis points. These increases were partially offset by the impact of unfavorable pricing on existing products, including products launched in the prior year.

From time to time, a limited number of our products may represent a significant portion of our net sales, gross profit and net earnings. Generally, this is due to the timing of new product launches and the amount, if any, of additional competition in the market. Our top ten products in terms of sales, in the aggregate, represented approximately 30% and 28% of the Company’s total revenues for the three months ended March 31, 2014 and 2013, respectively.

Generics Segment

For the current quarter, Generics third party net sales were $1.51 billion, compared to $1.41 billion for the comparable prior year period, an increase of $100.5 million, or 7.1%. Foreign currency had an unfavorable impact on third party net sales for the current quarter. When translated at prior year foreign currency exchange rates, Generics third party net sales for the current quarter would have increased by approximately 10% when compared to the prior year period. Generics sales are derived primarily in or from North America, Europe and Rest of World.

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Third party net sales from North America were $782.2 million for the current quarter, compared to $731.5 million for the comparable prior year period, representing an increase of $50.7 million, or 6.9%. The increase in current quarter third party net sales, totaling approximately $124 million in the first quarter of 2014, was principally due to sales from new products, and to a lesser extent, revenue from acquired businesses, partially offset by lower pricing and volume on existing products. The effect of foreign currency translation was insignificant within North America.

Products generally contribute most significantly to revenues and gross margins at the time of their launch, even more so in periods of market exclusivity, or in periods of limited generic competition. As such, the timing of new product introductions can have a significant impact on the Company’s financial results.

The entrance into the market of additional competition generally has a negative impact on the volume and pricing of the affected products. Additionally, pricing is often affected by factors outside of the Company’s control.

Third party net sales from Europe were $355.9 million for the three months ended March 31, 2014, compared to $348.5 million for the comparable prior year period, an increase of $7.4 million, or 2.1%. Translating current quarter third party net sales from Europe at comparable prior year period exchange rates would have resulted in a year-over-year decrease in third party net sales of approximately $6 million, or 2%. This decrease was primarily the result of lower pricing in a number of European markets in which Mylan operates as a result of government-imposed pricing reductions and competitive market conditions, partially offset by increased volumes in Italy and the United Kingdom and sales from new products, and to a lesser extent, revenues from acquired businesses, within the region.

Local currency net sales from Mylan’s businesses in France decreased compared to the prior year as a result of lower volumes and pricing on existing products, partially offset by new product sales. Sales in France continue to be negatively impacted by government-imposed pricing reductions and an increasingly competitive market. Our market share in France remained relatively stable in the first quarter of 2014 and we remain the market leader.

In Italy, local currency third party net sales increased in the current year versus the prior year as a result of increased volumes on existing products and new product introductions, partially offset by lower pricing.

In addition to France and Italy, certain other markets in which we do business, including Spain, have undergone government-imposed price reductions, and further government-imposed price reductions are expected in the future. Such measures, along with the tender systems discussed below, are likely to have a negative impact on sales and gross profit in these markets. However, government initiatives in certain markets that appear to favor generic products could help to mitigate this unfavorable effect by increasing rates of generic substitution and penetration.

A number of markets in which we operate have implemented, or may implement, tender systems for generic pharmaceuticals in an effort to lower prices. Generally speaking, tender systems can have an unfavorable impact on revenue and profitability. Under such tender systems, manufacturers submit bids that establish prices for generic pharmaceutical products. Upon winning the tender, the winning company will receive a preferential reimbursement for a period of time. The tender system often results in companies underbidding one another by proposing low pricing in order to win the tender. Additionally, the loss of a tender by a third party to whom we supply API can also have a negative impact on our sales and profitability. Sales, primarily in Germany, continue to be negatively affected by the impact of tender systems.

In the Rest of World, third party net sales were $370.2 million for the three months ended March 31, 2014, compared to $327.8 million for the comparable prior year period, an increase of $42.4 million, or 12.9%. Excluding the unfavorable effect of foreign currency translation, calculated as described above, third party net sales would have increased by approximately $87 million, or 27%. This increase is primarily driven by higher third party sales volumes from our operations in India, in particular, strong growth in the anti-retroviral (“ARV”) franchise and in Japan and to a lesser extent, revenue from acquired businesses.

The increase in third party net sales from our operations in India, excluding the effect of foreign currency, is due to significant growth in sales of finished dosage form (“FDF”) ARV products used in the treatment of HIV/AIDS. In addition to third party sales, the Rest of World region also supplies both FDF generic products and API to Mylan subsidiaries in conjunction with the Company’s vertical integration strategy. Intercompany revenues recognized by the Rest of World were approximately $166.5 million and $175.6 million in the three months ended March 31, 2014 and 2013, respectively. These intercompany sales eliminate within, and therefore are not included in, Generics or consolidated net sales.

In Japan, excluding the effect of foreign currency, third party net sales increased as a result of higher volumes and new product introductions. In Australia, local currency third party net sales were essentially flat versus the comparable prior year

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period as a result of significant government-imposed pricing reform, offset by increased volumes on existing products and new products. As in Europe, both Australia and Japan have undergone government-imposed price reductions that have had, and could continue to have, a negative impact on sales and gross profit in these markets.

Specialty Segment

For the current quarter, Specialty reported third party net sales of $194.7 million, a decrease of $16.9 million, or 8.0%, from $211.6 million for the comparable prior year period. The decrease was the result of lower sales of the EpiPen® Auto-Injector, as a result of lower volumes due to a decline in wholesaler inventory levels during the quarter, only partially offset by favorable pricing. Net sales in the Specialty segment were also negatively impacted in the current period as a result of the discontinuation of a contract manufacturing agreement unrelated to the EpiPen® Auto-Injector. Offsetting these declines, sales of the Perforomist® Inhalation Solution increased from the comparable prior year period as a result of favorable pricing and volume.

Operating Expenses

Research & Development Expense

R&D for the three months ended March 31, 2014 was $118.0 million, compared to $126.5 million for the comparable prior year period, a decrease of $8.5 million. R&D decreased due primarily to upfront licensing payments of approximately $23 million made in the prior year, which did not recur to this magnitude in 2014. Partially offsetting this decrease are increases in the expenses related to the development of our respiratory and biologics programs, as well as the timing of internal and external product development projects.

Selling, General & Administrative Expense

Selling, general and administrative expense (“SG&A”) for the current quarter was $377.7 million, compared to $351.4 million for the comparable prior year period, an increase of $26.3 million. Factors contributing to the increase in SG&A include increased marketing costs incurred within the Specialty segment and North American region of the Generics segment of approximately $15 million as well as the loss on the disposal of certain assets during the current year totaling approximately $9 million.

Litigation Settlements, net

During the three months ended March 31, 2014 and 2013, the Company recorded a $3.1 millioncharge, net, and $1.8 million charge, net, respectively, for litigation settlements principally related to product liability claims.

Interest Expense

Interest expense for the three months ended March 31, 2014 totaled $82.7 million, compared to $78.0 million for the three months ended March 31, 2013. The increase is primarily due to higher interest expense related to clean energy investments and non-cash accretion of contingent consideration liabilities. Included in interest expense is the amortization of the discounts and premiums on our convertible debt instruments and senior notes totaling $7.0 million for the current quarter and $6.2 million for the comparable prior year period. Also included in interest expense is accretion of our contingent consideration liabilities related to certain acquisitions. The amount of accretion included in the current quarter is $8.4 million compared to $7.7 million for the comparable prior year period.

Other (Expense) Income, Net

Other (expense) income, net, was expense of $4.6 million in the current quarter, compared to income of $3.4 million for the comparable prior year period. Other (expense) income, net, includes losses from equity affiliates, foreign exchange gains and losses and interest and dividend income. The change in the first quarter of 2014 as compared to the prior period was primarily due to increased losses from equity affiliates, principally from the clean energy partnerships, partially offset by higher foreign exchange gains.

Adjusted Earnings

Adjusted earnings are an alternative view of performance used by management. Management believes that, primarily due to acquisitions, an evaluation of the Company’s ongoing operations (and comparisons of its current operations with

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historical and future operations) would be difficult if the disclosure of its financial results were limited to financial measures prepared only in accordance with GAAP, and management also believes that investors’ understanding of our performance is enhanced by these adjusted measures. Adjusted net earnings attributable to Mylan Inc. (“Adjusted Earnings”) and adjusted earnings per diluted share (“Adjusted EPS”) are two of the most important internal financial metrics related to the ongoing operating performance of the Company. Actual internal and forecasted operating results and annual budgets include Adjusted Earnings and Adjusted EPS, and the financial performance of the Company is measured by senior management on this basis along with other performance metrics. Management’s annual incentive compensation is derived in part based on the Adjusted EPS metric.

Whenever the Company uses such non-GAAP financial measures, it will provide a reconciliation of the non-GAAP financial measures to the most closely applicable GAAP financial measure. Investors and other readers are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most closely applicable GAAP financial measure set forth below and should consider non-GAAP financial measures only as a supplement to, not as a substitute for or as a superior measure to, measures of financial performance prepared in accordance with GAAP. Additionally, since Adjusted Earnings and Adjusted EPS are not financial measures determined in accordance with GAAP, they have no standardized meaning prescribed by GAAP and, therefore, may not be comparable to the calculation of similar financial measures of other companies.

The significant items excluded from Adjusted Earnings and Adjusted EPS include:

Acquisition-Related Items

The ongoing impact of certain amounts recorded in connection with acquisitions is excluded. These amounts include the amortization of intangible assets and inventory step-up, intangible asset impairment charges (including in-process research and development), accretion and the fair value adjustments related to contingent consideration and certain acquisition financing related costs. These costs are excluded because management believes that excluding them is helpful to understanding the underlying, ongoing operational performance of the business.

Restructuring and Other Special Items

Costs related to restructuring and other actions are excluded as applicable. These amounts include items such as:

• Exit costs associated with facilities to be closed or divested, including employee separation costs, impairment charges, accelerated depreciation, incremental manufacturing variances, equipment relocation costs and other exit costs;

• Certain acquisition related remediation and integration and planning costs, as well as other costs associated with acquisitions and other optimization initiatives, which are not part of a formal restructuring program, including employee separation and post-employment costs;

• The pre-tax loss of the Company’s investments in clean energy partnerships, whose activities qualify for income tax credits under Section 45 of the U.S. Internal Revenue Code; only included in Adjusted Earnings and Adjusted EPS is the net tax effect of the entities’ activities;

• Certain costs to further develop and optimize our global enterprise resource planning systems, operations and supply chain; and

• Certain costs related to new operations and significant alliances/business partnerships including certain upfront and/or milestone research and development payments.

The Company has undertaken restructurings and other optimization initiatives of differing types, scope and amount during the covered periods and, therefore, these charges should not be considered non-recurring; however, management excludes these amounts from Adjusted Earnings and Adjusted EPS because it believes it is helpful to understanding the underlying, ongoing operational performance of the business.

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Litigation Settlements, net

Charges and gains related to legal matters, such as those discussed in the Notes to Condensed Consolidated Financial Statements — Note 13, “Contingencies” are excluded. Normal, ongoing defense costs of the Company made in the normal course of our business are not excluded.

A reconciliation between net earnings attributable to Mylan Inc. common shareholders and diluted earnings per share attributable to Mylan Inc. common shareholders, as reported under U.S. GAAP, and Adjusted Earnings and Adjusted EPS for the periods shown follows:

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014					2013
GAAP net earnings attributable to Mylan Inc. and GAAP diluted EPS	$	115.9		$	0.29	$	106.9		$	0.27
Purchase accounting related amortization (primarily included in cost of sales) (a)	103.7					92.1
Litigation settlements, net	3.1					1.8
Interest expense, primarily amortization of convertible debt discount	10.9					7.7
Non-cash accretion and fair value adjustments of contingent consideration liability	8.4					5.8
Clean energy investments pre-tax loss (b)	19.4					4.4
Acquisition related costs (primarily included in cost of sales and selling, general and administrative expense)	23.4					19.4
Restructuring and other special items included in:
Cost of sales	10.3					10.9
Research and development expense	0.9					23.3
Selling, general and administrative expense	19.4					24.0
Other (expense) income, net	(3.0		)			6.8
Tax effect of the above items and other income tax related items	(52.0		)			(57.2		)
Adjusted net earnings attributable to Mylan Inc. and adjusted diluted EPS	$	260.4		$	0.66	$	245.9		$	0.62
Weighted average diluted common shares outstanding	396.7					399.0

____________

^(a)  Purchase accounting related amortization expense for the three months ended March 31, 2013, includes $5.1 million of in-process research and development asset impairment charges.

^(b)  Adjustment represents exclusion of the pre-tax loss related to Mylan’s investments in clean energy partnerships, the activities of which qualify for income tax credits under section 45 of the U.S. Internal Revenue Code. The amount is included in other (expense) income, net.

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Liquidity and Capital Resources

Our primary source of liquidity is cash provided by operations, which was $268.1 million for the three months endedMarch 31, 2014. We believe that cash provided by operating activities and available liquidity will continue to allow us to meet our needs for working capital, capital expenditures, interest and principal payments on debt obligations and other cash needs over the next several years. Nevertheless, our ability to satisfy our working capital requirements and debt service obligations, or fund planned capital expenditures, will substantially depend upon our future operating performance (which will be affected by prevailing economic conditions), and financial, business and other factors, some of which are beyond our control.

Net cash provided by operating activities increased by $180.5 million to $268.1 million for the three months endedMarch 31, 2014, as compared to net cash provided by operating activities of $87.6 million for the three months endedMarch 31, 2013. The net increase in cash provided by operating activities was principally due to the following:

• a net increase in the amount of cash provided by accounts receivable, including estimated sales allowances, of $170.7 million, reflecting the timing of sales, cash collections and disbursements related to sales allowances;

• a net decrease in the amount of cash used through changes in deferred income taxes of $23.1 million; and

• a net decrease of $30.9 million in the amount of cash used through changes in inventory balances. The decrease in cash utilized for inventory in 2014 (as compared to 2013) reflects a lower level of increases in raw material, work in process and finished goods inventories as compared to the prior year. The higher prior year investment was primarily due to an inventory build beginning in late 2012 in anticipation of additional manufacturing capacity in India that came on-line in early 2013. Nevertheless, we continue to anticipate that we will invest in inventory in 2014 primarily to support anticipated volume growth including new product launches.

These items were offset by the following:

• a net increase in the amount of cash used through changes in income taxes of $56.6 million as a result of the level of estimated tax payments made during the current year; and

• a net increase in the amount of cash used through changes in trade accounts payable of $38.6 million as a result of the timing of cash payments.

Cash used in investing activities was $201.2 million for the three months endedMarch 31, 2014, as compared to $142.3 million for the three months endedMarch 31, 2013, an increase of $58.9 million. Capital expenditures, primarily for equipment and facilities, were approximately $72.3 million in the current period, as compared to $53.1 million in the comparable prior year period. The increase as compared to 2013 is the result of expenditures to expand our global operating platform, including capital investments in our strategic growth drivers and a new global headquarters. While there can be no assurance that current expectations will be realized, capital expenditures for the 2014 calendar year are expected to be approximately $350 million to $450 million. In addition, during the three months endedMarch 31, 2014, payments for product rights and other investing activities, net includes payments totaling $120 million to acquire certain commercialization rights in the U.S. and other countries. During the three months ended March 31, 2013, cash paid for the acquisition of a manufacturing operation in India totaled $32.1 million and restricted cash increased $53.1 million.

Cash used in financing activities was $114.6 million for the three months endedMarch 31, 2014, as compared to cash provided by financing activities of $6.6 million for the three months endedMarch 31, 2013, a change of $121.2 million. During the three months endedMarch 31, 2014 the Company repaid approximately $94.0 million under our accounts receivable securitization facility (the “Receivables Facility”). This repayment was partially offset by an increase in short-term borrowings in India. Additionally, the Company repaid a net $60.0 million under the Revolving Facility during the three months endedMarch 31, 2014. During the three months endedMarch 31, 2013, the Company completed a share repurchase program by purchasing approximately 16.3 million of common stock for approximately $500 million. In addition, during the three months endedMarch 31, 2013, net borrowings under the Revolving Facility totaled $310 million and the Company borrowed an additional $120 million under the Receivables Facility. The proceeds of these borrowings were principally utilized to fund the share repurchase program.

The Company has no significant long-term debt due for the remainder of 2014. The Company’s next significant debt maturity is in 2015, and our current intention is to repay such amounts at maturity using available liquidity. In addition, our cash and cash equivalents at our foreign operations totaled $156 million at March 31, 2014. The majority of these funds represented earnings considered to be permanently reinvested to support the growth strategies of our foreign subsidiaries. The

40

Company anticipates having sufficient U.S. liquidity, including existing borrowing capacity and cash to be generated from operations, to fund foreseeable U.S. cash needs without requiring the repatriation of foreign cash. If these funds are needed for the Company’s operations in the U.S., the Company may be required to accrue and pay U.S. taxes to repatriate these funds.

As of March 31, 2014, because the closing price of our common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day in the March 31, 2014 period was more than 130% of the applicable conversion reference price of $13.32, the $574 million of Cash Convertible Notes were convertible. Although de minimis conversions have been requested, the Company’s experience is that convertible debentures are not normally converted by investors until close to their maturity date. Upon an investor’s election to convert, the Company is required to pay the full conversion value in cash. Should holders elect to convert, the Company intends to draw on its revolving credit facility to fund any principal payments. The amount payable per $1,000 notional bond would be calculated as the product of 1) the conversion reference rate (currently 75.0751) and 2) the average Daily Volume Weighted Average Price per share of common stock for a specified period following the conversion date. Any payment above the principal amount is matched by a convertible note hedge.

We are involved in various legal proceedings that are considered normal to our business. While it is not possible to predict the outcome of such proceedings, an adverse outcome in any of these proceedings could materially affect our financial position and results of operations, including our operating cash flow and could cause the market value of our common stock to decline. We have approximately $100 million accrued for such legal contingencies. For certain contingencies assumed in conjunction with the acquisition of the former Merck Generics business, Merck KGaA, the seller, has agreed to indemnify Mylan. Strides Arcolab has also agreed to indemnity Mylan for certain contingencies related to our acquisition of Agila. The inability or denial of Merck KGaA or Strides Arcolab to pay on an indemnified claim could have a material adverse effect on our financial position, results of operations or cash flows, and could cause the market value of our common stock to decline.

We are actively pursuing, and are currently involved in, joint projects related to the development, distribution and marketing of both generic and branded products. Many of these arrangements provide for payments by us upon the attainment of specified milestones. While these arrangements help to reduce the financial risk for unsuccessful projects, fulfillment of specified milestones or the occurrence of other obligations may result in fluctuations in cash flows.

We are continuously evaluating the potential acquisition of products, as well as companies, as a strategic part of our future growth. Consequently, we may utilize current cash reserves or incur additional indebtedness to finance any such acquisitions, which could impact future liquidity. In addition, on an ongoing basis, we review our operations including the evaluation of potential divestitures of products and businesses as part of our future strategy. Any divestitures could impact future liquidity.

At March 31, 2014 and December 31, 2013, we had $52.0 million and $53.2 million outstanding under existing letters of credit, respectively. Additionally, as of March 31, 2014, we had $137.3 million available under the $150 million subfacility on our Senior Credit Agreement for the issuance of letters of credit.

Mandatory minimum repayments remaining on the outstanding borrowings under the Revolving Facility and notes at notional amounts at March 31, 2014 are as follows for each of the periods ending December 31:

(In millions)	Total
2014	$	—
2015	574.0
2016	1,000.0
2017	—
2018	1,450.0
Thereafter	3,250.0
Total	$	6,274.0

The Senior Credit Agreement contains customary affirmative covenants for facilities of this type, including among others, covenants pertaining to the delivery of financial statements, notices of default and certain material events, maintenance of business existence and insurance, and compliance with laws, as well as customary negative covenants for facilities of this type, including limitations on the incurrence of subsidiary indebtedness and limitations on liens, mergers and certain other fundamental changes, investments and loans, transactions with affiliates, payments of dividends and other restricted payments,

41

and changes in our lines of business. The Senior Credit Agreement contains a maximum consolidated leverage ratio financial covenant. We have been compliant with the financial covenants during 2014, and we expect to remain in compliance for the next twelve months.

Under the Company’s Receivables Facility, any amounts outstanding under the facility are recorded as a secured loan and included in short-term borrowings, and the receivables underlying any borrowings are included in accounts receivable, net, in the Condensed Consolidated Balance Sheets. At March 31, 2014, there were $280 million of short-term borrowings outstanding under the Receivables Facility. The size of the accounts receivable securitization facility may be increased from time to time, upon request by Mylan Securitization and with the consent of the purchaser agents and the Agent, up to $500 million.

In conjunction with the acquisition of Agila on December 4, 2013, the Company recorded estimated contingent consideration totaling $250 million as part of the purchase price. The contingent consideration, which could total a maximum of $461 million, is primarily related to the satisfaction of certain regulatory conditions, including any potential regulatory remediation costs and the resolution of certain pre-acquisition contingencies.

Additionally, we are contractually obligated to make potential future development, regulatory and commercial milestone, royalty and/or profit sharing payments in conjunction with collaborative agreements or acquisitions we have entered into with third parties. The most significant of these relates to the potential future consideration related to the respiratory delivery platform. These payments are contingent upon the occurrence of certain future events and the ultimate success of the respective projects. Given the inherent uncertainty of these events, it is unclear when, if ever, we may be required to pay such amounts or pay amounts in excess of those accrued. The amount of contingent consideration recorded was $423 million and $415 million at March 31, 2014 and December 31, 2013, respectively. In addition, the Company expects to incur approximately $35 million to $40 million of annual accretion expense related to the increase in the net present value of the contingent consideration liability.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For a discussion of the Company’s market risk, see “Item 7A. Quantitative and Qualitative Disclosures about Market Risk” in the Company’s Annual Report filed on Form 10-K.

ITEM 4. CONTROLS AND PROCEDURES

An evaluation was performed under the supervision and with the participation of the Company’s management, including the Principal Executive Officer and the Principal Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of March 31, 2014. Based upon that evaluation, the Principal Executive Officer and the Principal Financial Officer concluded that the Company’s disclosure controls and procedures were effective.

Management has not identified any changes in the Company’s internal control over financial reporting that occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

For information regarding legal proceedings, refer to Note 13, “Contingencies,” in the accompanying Notes to Condensed Consolidated Financial Statements in this Quarterly Report.

ITEM 1A. RISK FACTORS

There are no material changes in the Company’s risk factors from those disclosed in the Company’s Form 10-K for the year ended December 31, 2013.

ITEM 6. EXHIBITS

4.1	Indenture, dated as of June 25, 2013, among the registrant, the guarantors thereto and The Bank of New York Mellon, as trustee, filed as Exhibit 4.1 to the Report on Form 8-K filed with the SEC on June 27, 2013, and incorporated herein by reference.
10.1	Third Amended and Restated Executive Employment Agreement, entered into on February 25, 2014, by and between Mylan Inc. and Robert J. Coury, filed as Exhibit 10.1 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.2	Amendment No. 6 to Retirement Benefit Agreement by and between Mylan Inc. and Robert J. Coury, filed as Exhibit 10.2 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.3	Second Amended and Restated Executive Employment Agreement, entered into on February 25, 2014, by and between Mylan Inc. and Heather Bresch, filed as Exhibit 10.3 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.4	Second Amended and Restated Executive Employment Agreement, entered into on February 25, 2014, by and between Mylan Inc. and Rajiv Malik, filed as Exhibit 10.4 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.5	Form of Performance-Based Stock Appreciation Rights Award Agreement under the Mylan Inc. One-Time Special Five-Year Performance-Based Realizable Value Incentive Program, filed as Exhibit 10.5 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.6	Form of Performance-Based Restricted Stock Unit Award Agreement under the Mylan Inc. One-Time Special Five-Year Performance-Based Realizable Value Incentive Program, filed as Exhibit 10.6 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.7	Amendment to Amended and Restated 2003 Long-Term Incentive Plan, filed as Exhibit 10.7 to the Report on Form 8-K filed with the SEC on February 28, 2014, and incorporated herein by reference.*
10.8	Amendment No. 5 to Receivables Purchase Agreement, dated as of April 3, 2014, by and among Mylan Pharmaceuticals Inc., individually and as Servicer, Mylan Securitization LLC, as Seller, the Conduit Purchasers from time to time party thereto, the Committed Purchasers from time to time party thereto, the Letter of Credit Issuer from time to time a party thereto, the Purchaser Agents from time to time party thereto and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Agent.
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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32	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
* Denotes management contract or compensatory plan or arrangement.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Mylan Inc. (Registrant)
By:	/s/ Heather Bresch
	Heather Bresch
	Chief Executive Officer
	(Principal Executive Officer)

May 1, 2014

/s/ John D. Sheehan

John D. Sheehan

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

May 1, 2014

/s/ Daniel C. Rizzo, Jr.

Daniel C. Rizzo, Jr.

Senior Vice President, Chief Accounting

Officer and Corporate Controller

(Principal Accounting Officer)

May 1, 2014

45

EXHIBIT INDEX

10.8	Amendment No. 5 to Receivables Purchase Agreement, dated as of April 3, 2014, by and among Mylan Pharmaceuticals Inc., individually and as Servicer, Mylan Securitization LLC, as Seller, the Conduit Purchasers from time to time party thereto, the Committed Purchasers from time to time party thereto, the Letter of Credit Issuer from time to time a party thereto, the Purchaser Agents from time to time party thereto and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Agent.
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

46

EX-10.8

Exhibit 10.8

AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT

This AMENDMENT NO. 5 TO RECEIVABLES PURCHASE AGREEMENT, dated as of April 3, 2014 (this “Amendment”), is among MYLAN PHARMACEUTICALS INC. (“MPI”), individually and as initial servicer (in such capacity, the “Servicer”), MYLAN SECURITIZATION LLC (“Seller”), WORKING CAPITAL MANAGEMENT CO., LP (“WCMC”), as a conduit purchaser, VICTORY RECEIVABLES CORPORATION (“Victory”), as a conduit purchaser (each of WCMC and Victory in the capacity of a conduit purchaser, individually, a “Conduit Purchaser” and collectively, the “Conduit Purchasers”), PNC BANK, NATIONAL ASSOCIATION (“PNC”), as a committed purchaser, MIZUHO BANK, LTD. (“Mizuho”), as a committed purchaser, SUNTRUST BANK (“SunTrust”), as a committed purchaser, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH (“BTMUNY”), as a committed purchaser (each of PNC, Mizuho, SunTrust and BTMUNY in the capacity of a committed purchaser, individually, a “Committed Purchaser” and collectively, the “Committed Purchasers” and collectively with the Conduit Purchasers, the “Purchasers”), PNC, as a purchaser agent, Mizuho, as a purchaser agent, SUNTRUST ROBINSON HUMPHREY, INC. (“STRH”), as a purchaser agent, BTMUNY, as a purchaser agent (each of PNC, Mizuho, STRH and BTMUNY in the capacity of a purchaser agent, individually, a “Purchaser Agent” and collectively, the “Purchaser Agents”), BTMUNY, as agent on behalf of the Secured Parties (in such capacity, the “Agent”), and PNC, as an issuer of Letters of Credit (in such capacity, the “LOC Issuer”).

WITNESSETH:

WHEREAS, the parties hereto are parties to that certain Receivables Purchase Agreement, dated as of February 21, 2012 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Agreement”); and

WHEREAS, the parties hereto wish to amend the Agreement upon the terms hereof.

NOW, THEREFORE, in exchange for good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged and confirmed), each of the parties hereto hereby agree as follows:

AGREEMENT:

1.Definitions. Unless otherwise defined or provided herein, capitalized terms used herein have the meanings attributed thereto in (or by reference in) the Agreement.

2.Amendment. The definition of “Specified Concentration Percentage” set forth in Appendix A to the Agreement is replaced in its entirety with the following:

“Specified Concentration Percentage” means, with respect to any Obligor, the greater of (a) the percentage, if any, determined by the Agent and each Purchaser

708812451 11257637

Agent in their sole discretion with respect to such Obligor by written notice to the Seller and the Servicer; it being understood and agreed that the Agent or any Purchaser Agent, in its sole discretion, may reduce any such percentage described in this clause (a) with respect to any Obligor at any time in its sole discretion by written notice to the Seller and the Servicer, it being understood that as of April 3, 2014, a Specified Concentration Percentage of (i) 32.0% shall apply to all Receivables the Obligor of which is Cardinal Health, Inc., so long as Cardinal Health, Inc.’s S&P short-term debt rating is A-2 or higher and Cardinal Health, Inc.’s Moody’s short-term debt rating is P-2 or higher, otherwise, the percentage appearing opposite such Obligor’s short-term unsecured debt ratings on the table below shall apply to all Receivables of such Obligor, (ii) 32.0% shall apply to all Receivables the Obligor of which is McKesson Corporation, so long as McKesson Corporation’s S&P short-term debt rating is A-2 or higher and McKesson Corporation’s Moody’s short-term debt rating is P-2 or higher, otherwise, the percentage appearing opposite such Obligor’s short-term unsecured debt ratings on the table below shall apply to all Receivables of such Obligor and (iii) 32.0% shall apply to all Receivables the Obligor of which is AmerisourceBergen Corporation, so long as AmerisourceBergen Corporation’s S&P short-term debt rating is A-2 or higher and AmerisourceBergen Corporation’s Moody’s short-term debt rating is P-2 or higher, otherwise, the percentage appearing opposite such Obligor’s short-term unsecured debt ratings on the table below shall apply to all Receivables of such Obligor, and (b) other than with respect to any Specified Concentration Percentage for any Obligor set forth in clause (a) above, the percentage appearing opposite such Obligor’s short-term unsecured debt ratings on the table below:

S&P/Moody’s Short-Term Rating	S&P/Moody’s Long-Term Rating	Specified Concentration Percentage
A-1 or higher/P-1	A+/A1 or higher	32.0%
A-2/P-2	BBB+/Baa1	20.0%
A-3/P-3	BBB-/Baa3	8.0%
Below A-3/P-3 or Not Rated	Below BBB-/Baa3 or Not Rated	3.0%

Subject to the next sentence, if the short-term unsecured debt rating established by Moody’s or S&P for an Obligor shall fall one or more rating category gradation below the other rating agency’s comparable gradation (or has been withdrawn), the lower of the two ratings shall apply. If either Moody’s or S&P does not maintain (and has not withdrawn) a short-term unsecured senior debt rating of an Obligor, the Concentration Limit for such Obligor shall be determined in accordance with the table above based upon the long-term unsecured debt rating established by Moody’s or S&P but if the long-term unsecured debt rating established by Moody’s or S&P for an Obligor shall fall one or more rating category gradation below the other rating agency’s comparable gradation (or has been withdrawn), the lower of the two ratings shall apply. If an Obligor is not rated by either Moody’s or S&P it shall be considered unrated.

2

3.Representations and Warranties. Each of Seller, MPI, the Servicer and Performance Guarantor represents and warrants to each of the other parties hereto as of the date hereof, both before and immediately after giving effect to this Amendment, as follows:

(a)The representations and warranties made by it in the Agreement and each of the other Transaction Document to which it is a party are true and correct both as of the date hereof and immediately after giving effect to this Amendment.

(b)The execution and delivery by it of this Amendment and the performance of its respective obligations under this Amendment and the Agreement (as amended hereby), each as applicable, and the other Transaction Documents to which it is a party are within its organizational powers and have been duly authorized by all necessary action on its part, and this Amendment and the Agreement (as amended hereby), and the other Transaction Documents to which it is a party are its valid and legally binding obligations, enforceable in accordance with their respective terms, subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally.

(c)No Event of Default or Unmatured Event of Default has occurred and is continuing, or would occur as a result of this Amendment or the transactions contemplated hereby.

4.Conditions to Effectiveness. This Amendment shall become effective as of the date first above written upon satisfaction of the following conditions precedent:

(a)Execution of Amendment. The Agent shall have received a counterpart of this Amendment duly executed by each of the parties hereto.

(b)No Defaults. No Event of Default or Unmatured Event of Default shall have occurred and be continuing either before or immediately after giving effect to this Amendment.

(c)Representations and Warranties True. The representations and warranties of Seller, MPI and the Servicer contained in the Agreement, and of Seller, MPI, the Servicer and Performance Guarantor contained in this Amendment, in each case, shall be true and correct both as of the date hereof and immediately after giving effect to this Amendment.

5.Reference to and Effect on the Agreement and the other Transaction Documents.

(a)Each reference in the Agreement to “this Agreement,” “herein,” “hereof” and words of like import and each reference in the other Transaction Documents to “Receivables Purchase Agreement”, “Purchase Agreement”, “thereunder”, “thereof” or words of like import referring to the Agreement shall mean and be a reference to the Agreement, as amended hereby.

(b)Each of the Agreement and the other Transaction Documents (except as specifically amended herein) is hereby ratified and confirmed in all respects by each of the

3

parties hereto and shall remain in full force and effect in accordance with its respective terms.

(c)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of or amendment to any right, power or remedy of the Agent, any Purchaser, any Purchaser Agent or the LOC Issuer under, nor constitute a waiver of or amendment to, any other provision or condition under any Transaction Document.

(d)To the extent that the consent of any party hereto, in any capacity, is required under any Transaction Document or any other agreement entered into in connection with any Transaction Document with respect to any of the amendments set forth herein, such party hereby grants such consent.

6.Transaction Document. This Amendment shall be a Transaction Document under (and as defined in) the Agreement.

7.Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of Seller, the Servicer, MPI, the Purchasers, the Purchaser Agents, the LOC Issuer and the Agent, and their respective successors and assigns.

8.Costs and Expenses. The Seller agrees to pay on demand all reasonable and documented out-of-pocket costs and expenses incurred by or on behalf of the Agent, each Purchaser, each Purchaser Agent and the LOC Issuer in connection with the preparation, negotiation, execution and delivery of this Amendment and any other documents to be delivered in connection herewith, including reasonable attorneys’ fees and expenses of a single counsel.

9.Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF).

10.Execution in Counterparts. This Amendment may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery of an executed counterpart hereof by facsimile or other electronic means shall be equally effective as delivery of an originally executed counterpart.

11.Severability. Any provisions of this Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

4

12.Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof.

13.Reaffirmation of Performance Guaranty. After giving effect to this Amendment, and the transactions contemplated hereby, all of the provisions of the Performance Guaranty shall remain in full force and effect and the Performance Guarantor hereby ratifies and affirms the Performance Guaranty and acknowledges that the Performance Guaranty has continued and shall continue in full force and effect in accordance with its terms.

[Signatures Follow]

5

6

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

MYLAN PHARMACEUTICALS INC.,

individually andas initial Servicer

By: /s/ John Miraglia

Name: John Miraglia

Title: Assistant Treasurer

MYLAN SECURITIZATION LLC,

as Seller

By: /s/ John Miraglia

Name: John Miraglia

Title: President

S-1Amendment No. 5 to Mylan        Receivables Purchase Agreement

VICTORY RECEIVABLES CORPORATION,

as a Conduit Purchaser

By: /s/ David V. DeAngelis

Name: David V. DeAngelis

Title: Vice President

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

as Purchaser Agent for the BTMU Group

By: /s/ Christopher Pohl

Name: Christopher Pohl

Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

as Agent

By: /s/ Christopher Pohl

Name: Christopher Pohl

Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

as a Committed Purchaser

By: /s/ Jaime Sussman

Name: Jaime Sussman

Title: Vice President

S-2Amendment No. 5 to Mylan        Receivables Purchase Agreement

PNC BANK, NATIONAL ASSOCIATION,

as Purchaser Agent for the PNC Group

By: /s/ Robyn Reeher

Name: Robyn Reeher

Title: Vice President

PNC BANK, NATIONAL ASSOCIATION,

as a Committed Purchaser and as a LOC Issuer

By: /s/ Robyn Reeher

Name: Robyn Reeher

Title: Vice President

S-3Amendment No. 5 to Mylan        Receivables Purchase Agreement

SUNTRUST ROBINSON HUMPHREY, INC.,

as Purchaser Agent for the SunTrust Group

By: /s/ Emily Shields

Name: Emily Shields

Title: Vice President

SUNTRUST BANK,

as a Committed Purchaser

By: /s/ Michael Peden

Name: Michael Peden

Title: Vice President

S-4Amendment No. 5 to Mylan        Receivables Purchase Agreement

WORKING CAPITAL MANAGEMENT CO., LP, as a Conduit Purchaser

By: /s/ Shinichi Nochide

Name: Shinichi Nochide

Title: Attorney-in-fact

MIZUHO BANK, LTD.,

as Purchaser Agent for the Mizuho Group

By: /s/ Bertram H. Tang

Name: Bertram H. Tang

Title: Authorized Signatory

MIZUHO BANK, LTD.,

as a Committed Purchaser

By: /s/ Bertram H. Tang

Name: Bertram H. Tang

Title: Authorized Signatory

S-5Amendment No. 5 to Mylan        Receivables Purchase Agreement

ACKNOWLEDGED AND AGREED TO:

MYLAN INC.,
as Performance Guarantor

By: /s/ John Miraglia    

Name: John Miraglia

Title: Assistant Treasurer

S-6Amendment No. 5 to Mylan        Receivables Purchase Agreement

EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer Pursuant to

Section 302 of the Sarbanes-Oxley Act of 2002

I, Heather Bresch, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Mylan Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Heather Bresch

Heather Bresch

Chief Executive Officer

(Principal Executive Officer)

Date: May 1, 2014

EX-31.2

Exhibit 31.2

Certification of Principal Financial Officer Pursuant to

Section 302 of the Sarbanes-Oxley Act of 2002

I, John D. Sheehan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Mylan Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ John D. Sheehan

John D. Sheehan

Executive Vice President and

Chief Financial Officer

(Principal Financial Officer)

Date: May 1, 2014

EX-32

Exhibit 32

Certification of Principal Executive Officer and Principal Financial Officer Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of Mylan Inc. (the “Company”) for the period ended March 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Heather Bresch

Heather Bresch

Chief Executive Officer

(Principal Executive Officer)

/s/ John D. Sheehan

John D. Sheehan

Executive Vice President and

Chief Financial Officer

(Principal Financial Officer)

Date: May 1, 2014

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished in accordance with Securities and Exchange Commission Release No. 34-47551 and shall not be considered filed as part of the Form 10-Q.

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Acquisitions (Schedule of Purchase Price Allocation) (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 Agila Specialties		Dec. 04, 2013 Agila Specialties
Business Acquisition [Line Items]
Current assets (excluding inventories)			$ 45.5		$ 39.0	[1]
Current assets (excluding inventories), measurement period adjustments			6.5	[2]
Inventories			37.3		45.1	[1]
Inventories, measurement period adjustments			(7.8)	[2]
Property, plant and equipment			146.2		143.8	[1]
Property, plant and equipment, measurement period adjustments			2.4	[2]
Identified intangible assets			280.0		280.0	[1]
Identified intangible assets, measurement period adjustments			0	[2]
In-process research and development			436.0		436.0	[1]
In-process research and development, measurement period adjustments			0	[2]
Other assets (including equity method investment)			152.8		153.4	[1]
Other assets (including equity method investment), measurement period adjustments			(0.6)	[2]
Goodwill	4,359.6	4,288.1	932.8		884.2	[1]
Goodwill, measurement period adjustments			48.6	[2]
Total assets acquired			2,030.6		1,981.5	[1]
Total assets, measurement period adjustments			49.1	[2]
Current liabilities			(242.0)		(234.7)	[1]
Current liabilities, measurement period adjustments			(7.3)	[2]
Deferred tax liabilities			(231.2)		(193.2)	[1]
Deferred tax liabilities, measurement period adjustments			(38.0)	[2]
Other non-current liabilities			(123.7)		(119.9)	[1]
Other non-current liabilities, measurement period adjustments			(3.8)	[2]
Net assets acquired			1,433.7		1,433.7	[1]
Net assets, measurement period adjustments			$ 0	[2]

[1] (a) As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

[2] (b) The measurement period adjustments are related to 1) certain working capital adjustments to reflect facts and circumstances existing as of the acquisition date and; 2) adjustments related to deferred taxes to reflect the allocation of assets and liabilities to various legal entities. These adjustments did not have a significant impact on the Company’s previously reported consolidated financial statements and accordingly, the Company has not retrospectively adjusted those financial statements.

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Financial Instruments and Risk Management (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative [Line Items]
Pre-tax net losses on cash flow hedges to be reclassified from AOCE into earnings in next twelve months	$ 32,000,000
Accretion expense	8,400,000	7,700,000
Contingent consideration | Minimum
Derivative [Line Items]
Rate used to discount net cash inflows to present value	0.70%
Contingent consideration | Maximum
Derivative [Line Items]
Rate used to discount net cash inflows to present value	11.10%
Changes during the period
Derivative [Line Items]
Adjustment to contingent consideration liability		1,900,000
Purchased cash convertible note hedge
Derivative [Line Items]
Fair value of credit risk derivatives	$ 1,540,000,000

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Balance Sheet Components (Other Current Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Balance Sheet Components [Abstract]
Legal and professional accruals, including litigation accruals	$ 146.2	$ 146.1
Payroll and employee benefit plan accruals	199.4	289.0
Accrued sales allowances	308.3	281.1
Accrued interest	69.3	68.5
Fair value of financial instruments	9.2	74.3
Other	516.9	530.4
Other current liabilities	$ 1,249.3	$ 1,389.4

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Shareholders' Equity (Summary Of Change In Shareholders' Equity) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' equity attributable to noncontrolling interest, beginning balance	$ 18.1
Shareholders' equity, beginning balance	2,959.9	3,355.8
Net earnings	116.6	107.5
Other comprehensive earnings, net of tax	80.7	(121.9)
Common stock share repurchase		(500.0)
Stock option activity	21.9	28.1
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	15.4	12.1
Issuance of restricted stock, net of shares withheld	(20.1)	(7.3)
Tax benefit of stock option plans	18.7	12.9
Other	(1.4)
Stockholders' equity attributable to noncontrolling interest, ending balance	17.4
Shareholders' equity, ending balance	3,191.7	2,887.2
Total Mylan Inc. Shareholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shareholders' equity attributable to Mylan Inc., beginning balance	2,941.8	3,340.7
Net earnings	115.9	106.9
Other comprehensive earnings, net of tax	80.7	(121.9)
Common stock share repurchase		(500.0)
Stock option activity	21.9	28.1
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	15.4	12.1
Issuance of restricted stock, net of shares withheld	(20.1)	(7.3)
Tax benefit of stock option plans	18.7	12.9
Shareholders' equity attributable to Mylan Inc., ending balance	3,174.3	2,871.5
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' equity attributable to noncontrolling interest, beginning balance	18.1	15.1
Net earnings	0.7	0.6
Other	(1.4)
Stockholders' equity attributable to noncontrolling interest, ending balance	$ 17.4	$ 15.7

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Financial Instruments and Risk Management (Derivatives Designated As Hedging Instruments Fair Values of Derivative Instruments) (Details) (Designated as Hedging Instruments, USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 116.1	$ 183.4
Liability Derivatives, Fair Value	4.7	68.9
Prepaid expenses and other current assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	61.1	90.3
Other assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	55.0	93.1
Other current liabilities | Interest rate swaps
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	0.4	15.8
Other current liabilities | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 4.3	$ 53.1

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Contingencies (Product Liability) (Narrative) (Details) (Product Liability, USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Product Liability
Loss Contingencies [Line Items]
Loss contingency accrual	$ 15.1	$ 13.8

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Balance Sheet Components (Inventories) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Balance Sheet Components [Abstract]
Raw materials	$ 550.4	$ 484.6
Work in process	321.4	310.1
Finished goods	866.1	870.0
Inventories	$ 1,737.9	$ 1,664.7

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Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Instrument [Line Items]

Summary of Long-Term Debt

A summary of long-term debt is as follows:

(In millions)	Coupon		March 31, 2014		December 31, 2013
Revolving Facility			$	—	$	60.0
Cash Convertible Notes	3.750	%	2,066.8		1,828.3
2016 Senior Notes (a)	1.800	%	499.3		499.2
2016 Senior Notes (b)	1.350	%	499.7		499.7
2018 Senior Notes (c)	2.600	%	648.8		648.8
2018 Senior Notes (d)	6.000	%	810.7		811.4
2019 Senior Notes (a)	2.550	%	498.8		498.8
2020 Senior Notes (d)	7.875	%	1,011.7		1,012.0
2023 Senior Notes (a)	3.125	%	749.7		733.2
2023 Senior Notes (e)	4.200	%	498.1		498.1
2043 Senior Notes (e)	5.400	%	496.9		496.9
Other			0.1		0.1
Total long-term debt			$	7,780.6	$	7,586.5

____________ 

^(a) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.

^(b) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.125% plus, in each case, accrued and unpaid interest.

^(c)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.

^(d) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.50% plus, in each case, accrued and unpaid interest.

^(e)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.

Minimum Repayments on Outstanding Borrowings

Mandatory minimum repayments remaining on the outstanding borrowings under the Revolving Facility and notes at notional amounts at March 31, 2014 are as follows for each of the periods ending December 31:

(In millions)	Total
2014	$	—
2015	574.0
2016	1,000.0
2017	—
2018	1,450.0
Thereafter	3,250.0
Total	$	6,274.0

Cash Convertible Notes | Convertible Debt

Debt Instrument [Line Items]

Summary of Long-Term Debt

Below is the summary of the components of the Cash Convertible Notes:

(In millions)	March 31, 2014			December 31, 2013			Balance Sheet Classification
Outstanding principal	$	574.0		$	574.0		Long-term debt
Equity component carrying amount	1,535.1			1,303.3			Long-term debt
Unamortized discount	(42.3		)	(49.0		)	Long-term debt
Net debt carrying amount	$	2,066.8		$	1,828.3
Purchased call options	$	1,535.1		$	1,303.3		Other assets

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Contingencies (Intellectual Property) (Narrative) (Details) (Intellectual Property, USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended
	May 24, 2011	Mar. 31, 2014 increase
Intellectual Property
Loss Contingencies [Line Items]
Bond	$ 10.0
Number of times damages may be increased in cases of willful infringement		3

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Contingencies (Lorazepam and Clorazepate) (Narrative) (Details) (Lorazepam and Clorazepate, USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended			0 Months Ended				3 Months Ended		0 Months Ended
	Feb. 06, 2008	Mar. 31, 2014	Jun. 01, 2005	Jun. 01, 2005 Found in violation of antitrust laws drugs	Jun. 01, 2005 Health insurers insurers	Feb. 06, 2008 Judgment reflects trebling of compensatory damages plantiffs	Feb. 06, 2008 Original verdict	Feb. 06, 2008 Original verdict plus punitive damages	Mar. 31, 2014 Self-funded customers voluntarily dismissed plantiffs	Mar. 31, 2014 Self-funded customers plantiffs	May 30, 2012 Surety bond	Feb. 06, 2008 Surety bond
Loss Contingencies [Line Items]
Loss contingency accrual			$ 12.0
Number of drugs				2
Number of plaintiffs					4	3			755	1,387
Judgment issued	69.0						11.0	58.0
Damages sought		8.0
Voluntary remittitur from plaintiffs		8.1
Bond											$ 66.6	$ 74.5

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Financial Instruments and Risk Management (Effect Of Derivative Instruments on the Condensed Consolidated Statements of Operations Derivatives in Fair Value Hedging Relationships) (Details) (Fair Value Hedging Relationships, USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ 24.1	$ (1.8)
Amount of (Loss) or Gain Recognized in Earnings on Hedged Items	(15.4)	5.3
Interest expense | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	24.1	(1.8)
Interest expense | 2018 Senior Notes (6.000% coupon)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in Earnings on Hedged Items	1.1	5.3
Interest expense | 2023 Senior Notes (3.125% coupon)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in Earnings on Hedged Items	$ (16.5)	$ 0

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Contingencies (European Commission Proceedings) (Narrative) (Details) (European Commission Proceedings) In Millions, unless otherwise specified	1 Months Ended			0 Months Ended
	Jun. 19, 2013 EUR (€)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jul. 08, 2009 Antitrust Proceedings other_companies
Loss Contingencies [Line Items]
Number of defendants				4
Damages awarded	€ 7.8
Loss contingency accrual		$ 10.3	$ 10.3

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Contingencies (South African Competition Commission) (Narrative) (Details) (South African Competition Commission)	0 Months Ended
	Feb. 23, 2013
South African Competition Commission
Loss Contingencies [Line Items]
Number of complaints	2

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Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2014 segments
Segment Reporting [Abstract]
Number of reportable segments	2

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Segment Information (Policies)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Policy

Mylan has two segments, “Generics” and “Specialty.” The Generics segment primarily develops, manufactures, sells and distributes generic or branded generic pharmaceutical products in tablet, capsule, injectable or transdermal patch form, as well as active pharmaceutical ingredients (“API”). The Specialty segment engages mainly in the development and sale of branded specialty nebulized and injectable products.

The Company’s chief operating decision maker evaluates the performance of its segments based on total revenues and segment profitability. Segment profitability represents segment gross profit less direct research and development (“R&D”) expenses and direct SG&A expenses. Certain general and administrative and R&D expenses not allocated to the segments, net charges for litigation settlements, impairment charges and other expenses not directly attributable to the segments, are reported in Corporate/Other. Additionally, amortization of intangible assets and other purchase accounting related items, as well as any other significant special items, are included in Corporate/Other. As a result of changes to the organization structure at the end of 2013, certain R&D and selling and marketing expenses that were previously a component of the Specialty segment profitability are included within the Generics segment profitability beginning in 2014. Items below the earnings from operations line on the Company’s Condensed Consolidated Statements of Operations are not presented by segment, since they are excluded from the measure of segment profitability. The Company does not report depreciation expense, total assets and capital expenditures by segment, as such information is not used by the chief operating decision maker.

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Intersegment revenues are accounted for at current market values and are eliminated at the consolidated level.

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Earnings per Common Share Attributable to Mylan Inc. (Basic and Diluted Earnings Per Common Share Attributable To Mylan Inc.) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Net earnings attributable to Mylan Inc. common shareholders	$ 115.9	$ 106.9
Weighted average common shares outstanding	372.3	393.2
Basic earnings per common share attributable to Mylan Inc. common shareholders	$ 0.31	$ 0.27
Weighted average number diluted shares outstanding adjustment, stock-based awards and warrants	24.4	5.8
Total dilutive shares outstanding	396.7	399.0
Diluted earnings per common share attributable to Mylan Inc. common shareholders	$ 0.29	$ 0.27

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Stock-Based Incentive Plan (Stock Awards) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of shares under stock awards, outstanding at beginning of period	13,563,881
Weighted average exercise price per share, outstanding at beginning of period	$ 22.05
Number of shares under stock awards, granted	5,350,684
Weighted average exercise price per share, granted	$ 52.84
Number of shares under stock awards, exercised	(1,133,171)
Weighted average exercise price per share, exercised	$ 19.62
Number of shares under stock awards, forfeited	(167,209)
Weighted average exercise price per share, forfeited	$ 26.72
Number of shares under stock awards, outstanding at end of period	17,614,185
Weighted average exercise price per share, outstanding at end of period	$ 31.54
Number of shares under stock awards, vested and expected to vest at end of period	16,933,782
Weighted average exercise price per share, vested and expected to vest at end of period	$ 31.55
Number of shares under stock awards, options exercisable at end of period	8,592,857
Weighted average exercise price per share, options exercisable at end of period	$ 19.85

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Contingencies (Modafinil Antitrust Litigation and FTC Inquiry) (Narrative) (Details) (Modafinil Antitrust Litigation and FTC Inquiry, Other drug manufacturers)	0 Months Ended
	Apr. 27, 2006 other_drug_manufacturers
Modafinil Antitrust Litigation and FTC Inquiry | Other drug manufacturers
Loss Contingencies [Line Items]
Number of defendants	4

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Revenue Recognition and Accounts Receivable (Narrative) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Revenue Recognition And Accounts Receivable [Line Items]
Sales allowances, current	$ 1,350,000,000	$ 1,240,000,000
Accrued sales allowances and other adjustments	308,300,000	281,100,000
Securitized accounts receivable	517,400,000	723,100,000
Receivables Facility
Revenue Recognition And Accounts Receivable [Line Items]
Accounts receivable securitization facility maximum borrowing capacity	$ 400,000,000

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Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Dec. 31, 2013
Goodwill [Line Items]
Goodwill, gross, beginning balance	$ 4,673.1
Accumulated impairment losses, beginning balance	(385.0)
Goodwill, net, beginning balance	4,359.6		4,288.1
Purchase price allocation adjustment	48.6	[1]
Foreign currency translation	22.9
Goodwill, gross, ending balance	4,744.6
Accumulated impairment losses, ending balance	(385.0)
Goodwill, net, ending balance	4,359.6		4,288.1
Generics Segment
Goodwill [Line Items]
Goodwill, gross, beginning balance	3,939.0
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	4,010.5		3,939.0
Purchase price allocation adjustment	48.6	[1]
Foreign currency translation	22.9
Goodwill, gross, ending balance	4,010.5
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	4,010.5		3,939.0
Specialty Segment
Goodwill [Line Items]
Goodwill, gross, beginning balance	734.1
Accumulated impairment losses, beginning balance	(385.0)
Goodwill, net, beginning balance	349.1		349.1
Purchase price allocation adjustment	0	[1]
Foreign currency translation	0
Goodwill, gross, ending balance	734.1
Accumulated impairment losses, ending balance	(385.0)
Goodwill, net, ending balance	$ 349.1		$ 349.1

[1] (1) See Note 3.

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Debt (Minimum Repayments on Outstanding Borrowings) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014
Debt Disclosure [Abstract]
2014	$ 0
2015	574.0
2016	1,000.0
2017	0
2018	1,450.0
Thereafter	3,250.0
Total	$ 6,274.0

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Debt (Summary of Long-Term Debt) (Details) (USD $) In Millions, unless otherwise specified								3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended						3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 Revolving Facility	Dec. 31, 2013 Revolving Facility	Mar. 31, 2014 Convertible Debt Cash Convertible Notes	Dec. 31, 2013 Convertible Debt Cash Convertible Notes	Sep. 15, 2008 Convertible Debt Cash Convertible Notes	Mar. 31, 2014 Senior Notes 2016 Senior Notes (1.800% coupon)		Dec. 31, 2013 Senior Notes 2016 Senior Notes (1.800% coupon)		Jun. 18, 2013 Senior Notes 2016 Senior Notes (1.800% coupon)		Mar. 31, 2014 Senior Notes 2016 Senior Notes (1.350% coupon)		Dec. 31, 2013 Senior Notes 2016 Senior Notes (1.350% coupon)		Nov. 13, 2013 Senior Notes 2016 Senior Notes (1.350% coupon)		Mar. 31, 2014 Senior Notes 2018 Senior Notes (2.600% coupon)		Dec. 31, 2013 Senior Notes 2018 Senior Notes (2.600% coupon)		Jun. 18, 2013 Senior Notes 2018 Senior Notes (2.600% coupon)		Mar. 31, 2014 Senior Notes 2018 Senior Notes (6.000% coupon)		Dec. 31, 2013 Senior Notes 2018 Senior Notes (6.000% coupon)		Nov. 09, 2010 Senior Notes 2018 Senior Notes (6.000% coupon)		Mar. 31, 2014 Senior Notes 2019 Senior Notes (2.550% coupon)		Dec. 31, 2013 Senior Notes 2019 Senior Notes (2.550% coupon)		Nov. 13, 2013 Senior Notes 2019 Senior Notes (2.550% coupon)		Mar. 31, 2014 Senior Notes 2020 Senior Notes (7.875% coupon)		Dec. 31, 2013 Senior Notes 2020 Senior Notes (7.875% coupon)		May 12, 2010 Senior Notes 2020 Senior Notes (7.875% coupon)		Mar. 31, 2014 Senior Notes 2023 Senior Notes (3.125% coupon)		Dec. 31, 2013 Senior Notes 2023 Senior Notes (3.125% coupon)		Dec. 12, 2012 Senior Notes 2023 Senior Notes (3.125% coupon)		Mar. 31, 2014 Senior Notes 2023 Senior Notes (4.200% coupon)		Dec. 31, 2013 Senior Notes 2023 Senior Notes (4.200% coupon)		Nov. 13, 2013 Senior Notes 2023 Senior Notes (4.200% coupon)		Mar. 31, 2014 Senior Notes 2043 Senior Notes (5.400% coupon)		Dec. 31, 2013 Senior Notes 2043 Senior Notes (5.400% coupon)		Jun. 18, 2013 Senior Notes 2043 Senior Notes (5.400% coupon)		Mar. 31, 2014 Senior Notes Other	Dec. 31, 2013 Senior Notes Other
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage							3.75%					1.80%	[1]					1.35%	[2]					2.60%	[3]					6.00%	[4]					2.55%	[1]					7.875%	[4]					3.125%	[1]					4.20%	[5]					5.40%	[5]
Net debt carrying amount			$ 0	$ 60.0	$ 2,066.8	$ 1,828.3		$ 499.3	[1]	$ 499.2	[1]			$ 499.7	[2]	$ 499.7	[2]			$ 648.8	[3]	$ 648.8	[3]			$ 810.7	[4]	$ 811.4	[4]			$ 498.8	[1]	$ 498.8	[1]			$ 1,011.7	[4]	$ 1,012.0	[4]			$ 749.7	[1]	$ 733.2	[1]			$ 498.1	[5]	$ 498.1	[5]			$ 496.9	[5]	$ 496.9	[5]			$ 0.1	$ 0.1
Long-term debt, excluding current maturities	$ 7,780.6	$ 7,586.5
Equivalent percentage of redeemed amount								100.00%						100.00%						100.00%						100.00%						100.00%						100.00%						100.00%						100.00%						100.00%
Debt instrument, basis spread on variable rate								0.20%						0.125%						0.30%						0.50%						0.20%						0.50%						0.20%						0.25%						0.25%

[1] (a)Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.

[2] (b)Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.125% plus, in each case, accrued and unpaid interest.

[3] Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.50% plus, in each case, accrued and unpaid interest.

[4] (c) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.

[5] (e) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.

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Balance Sheet Components (Property, Plant and Equipment) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,815.0	$ 2,725.8
Accumulated depreciation	1,110.0	1,062.7
Property, plant and equipment, net	1,705.0	1,663.1
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	84.5	72.7
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	803.9	747.0
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,691.4	1,698.4
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 235.2	$ 207.7

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Acquisitions

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Acquisitions

Acquisitions

Agila Specialties

On February 27, 2013, the Company announced that it had signed definitive agreements to acquire the Agila Specialties business (“Agila”), a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (“Strides Arcolab”). The transaction closed on December 4, 2013, and the total purchase price was approximately $1.43 billion (net of cash acquired of $3.4 million), which includes estimated contingent consideration of $250 million. The contingent consideration, which could total a maximum of $461 million, is primarily related to the satisfaction of certain regulatory conditions, including potential regulatory remediation costs and the resolution of certain pre-acquisition contingencies. The acquisition of Agila significantly expands and strengthens Mylan's existing injectables platform and portfolio, and also provides Mylan entry into certain new geographic markets.

In accordance with GAAP, the Company used the purchase method of accounting to account for this transaction. Under the purchase method of accounting, the assets acquired and liabilities assumed in the transaction were recorded at their respective estimated fair values at the acquisition date. The following table summarizes the preliminary fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at acquisition date, with the excess being allocated to goodwill. At March 31, 2014, certain amounts have not been finalized including the determination of certain contingent consideration, certain contingent liabilities, including income and non-income based tax contingencies and deferred income taxes. The finalization of these matters may result in changes to goodwill and the Company expects to finalize such matters during 2014. The preliminary allocation of the $1.43 billion purchase price to the assets acquired and liabilities assumed for Agila is as follows:

(In millions)	Preliminary Purchase Price Allocation as of December 4, 2013 (a)			Measurement Period Adjustments (b)			Preliminary Purchase Price Allocation as of March 31, 2014 (as adjusted)
Current assets (excluding inventories)	$	39.0		$	6.5		$	45.5
Inventories	45.1			(7.8		)	37.3
Property, plant and equipment	143.8			2.4			146.2
Identified intangible assets	280.0			—			280.0
In-process research and development	436.0			—			436.0
Other assets (including equity method investment)	153.4			(0.6		)	152.8
Goodwill	884.2			48.6			932.8
Total assets acquired	1,981.5			49.1			2,030.6
Current liabilities	(234.7		)	(7.3		)	(242.0		)
Deferred tax liabilities	(193.2		)	(38.0		)	(231.2		)
Other non-current liabilities	(119.9		)	(3.8		)	(123.7		)
Net assets acquired	$	1,433.7		$	—		$	1,433.7

____________

^(a)    As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

^(b)  The measurement period adjustments are related to 1) certain working capital adjustments to reflect facts and circumstances existing as of the acquisition date and; 2) adjustments related to deferred taxes to reflect the allocation of assets and liabilities to various legal entities. These adjustments did not have a significant impact on the Company’s previously reported consolidated financial statements and accordingly, the Company has not retrospectively adjusted those financial statements.

The amount allocated to in-process research and development (“IPR&D”) represents an estimate of the fair value of purchased in-process technology for research projects that, as of the closing date of the acquisition, had not reached technological feasibility and had no alternative future use. The fair value of the IPR&D was based on the excess earnings method, which utilizes forecasts of expected cash inflows (including estimates for ongoing costs) and other contributory charges. A discount rate of 13.0% was utilized to discount net cash inflows to present values. IPR&D is accounted for as an indefinite-lived intangible asset and will be subject to impairment testing until completion or abandonment of the projects. Upon successful completion and launch of each product, the Company will make a determination of the estimated useful life of the individual IPR&D asset. The acquired IPR&D projects are in various stages of completion and the estimated costs to complete these projects total approximately $50 million which is expected to be incurred from 2014 through 2016. There are risks and uncertainties associated with the timely and successful completion of the projects included in IPR&D, and no assurances can be given that the underlying assumptions used to estimate the fair value of IPR&D will not change or the timely completion of each project to commercial success will occur.

The identified intangible assets of $280 million are comprised of $221 million of product rights and licenses that have a weighted average useful life of 8 years and $59 million of customer relationships that have a weighted average useful life of 5 years. The equity method investment of $125 million represents the fair value of Agila’s 50% interest in Sagent Agila LLC (“Sagent Agila”). Payments for product rights and other, net on the Condensed Consolidated Statements of Cash Flows includes payments totaling $120 million to acquire certain commercialization rights in the U.S. and other countries. The goodwill of $933 million arising from the acquisition consisted largely of the value of the employee workforce and the value of products to be developed in the future. All of the goodwill was assigned to Mylan’s Generics segment. None of the goodwill recognized is currently expected to be deductible for income tax purposes.

Significant assumptions utilized in the valuation of identified intangible assets, the equity method investment and IPR&D were based on company specific information and projections which are not observable in the market and are thus considered Level 3 measurements as defined by GAAP. The preliminary fair value estimates for the assets acquired and liabilities assumed were based upon preliminary calculations, valuations and assumptions that are subject to change as the Company obtains additional information during the measurement period (up to one year from the acquisition date). The primary areas of those preliminary estimates that are not yet finalized relate to the determination of certain contingent consideration, certain contingent liabilities, including income and non-income based tax contingencies and deferred income taxes.

Pro Forma Financial Results

The following table presents supplemental unaudited pro forma information as if the acquisition of Agila had occurred on January 1, 2012. The unaudited pro forma results reflect certain adjustments related to past operating performance and acquisition accounting adjustments, such as increased amortization expense based on the fair valuation of assets acquired, the impact of acquisition financing, and the related income tax effects. The unaudited pro forma results do not include any anticipated synergies which may be achievable subsequent to the acquisition date. Accordingly, the unaudited pro forma results are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on January 1, 2012, nor are they indicative of the future operating results of the combined company.

	Three months ended
(In millions, except per share amounts)	March 31, 2013
Total revenues	$	1,693.9
Net earnings attributable to Mylan Inc. common shareholders	$	84.0
Earnings per common share attributable to Mylan Inc. common shareholders
Basic	$	0.21
Diluted	$	0.21
Weighted average common shares outstanding:
Basic	393.2
Diluted	399.0

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Debt (Exchange Offer) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Jun. 18, 2013 Senior Notes 2016 Senior Notes (1.800% coupon)		Jun. 18, 2013 Senior Notes 2018 Senior Notes (2.600% coupon)
Debt Instrument [Line Items]
Long-term debt, gross	$ 6,274.0	$ 500.0		$ 650.0
Debt instrument, interest rate, stated percentage		1.80%	[1]	2.60%	[2]

[1] (a)Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.

[2] Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.50% plus, in each case, accrued and unpaid interest.

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Stock-Based Incentive Plan (Nonvested Restricted Stock, Restricted Stock Units and PSUs Activity) (Details) (Restricted Stock Awards, USD $)	3 Months Ended
	Mar. 31, 2014
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of restricted stock awards, nonvested beginning of period	3,321,836
Weighted average grant-date fair value per share, nonvested beginning of period	$ 27.13
Number of restricted stock awards, granted	2,035,060
Weighted average grant-date fair value per share, granted	$ 40.21
Number of restricted stock awards, released	(1,108,362)
Weighted average grant-date fair value per share, released	$ 25.34
Number of restricted stock awards, forfeited	(111,249)
Weighted average grant-date fair value per share, forfeited	$ 27.14
Number of restricted stock awards, nonvested end of period	4,137,285
Weighted average grant-date fair value per share, nonvested end of period	$ 34.06

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Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2014

Balance Sheet Components [Abstract]

Inventories

Selected balance sheet components consist of the following:

(In millions)	March 31, 2014		December 31, 2013
Inventories:
Raw materials	$	550.4	$	484.6
Work in process	321.4		310.1
Finished goods	866.1		870.0
	$	1,737.9	$	1,664.7

Property, Plant and Equipment

Property, plant and equipment:
Land and improvements	$	84.5	$	72.7
Buildings and improvements	803.9		747.0
Machinery and equipment	1,691.4		1,698.4
Construction in progress	235.2		207.7
	2,815.0		2,725.8
Less accumulated depreciation	1,110.0		1,062.7
	$	1,705.0	$	1,663.1

Other Current Liabilities

Other current liabilities:
Legal and professional accruals, including litigation accruals	$	146.2	$	146.1
Payroll and employee benefit plan accruals	199.4		289.0
Accrued sales allowances	308.3		281.1
Accrued interest	69.3		68.5
Fair value of financial instruments	9.2		74.3
Other	516.9		530.4
	$	1,249.3	$	1,389.4

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Stock-Based Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Awards Activity

The following table summarizes stock option and SAR (“stock awards”) activity:

	Number of Shares Under Stock Awards		Weighted Average Exercise Price per Share
Outstanding at December 31, 2013	13,563,881		$	22.05
Granted	5,350,684		52.84
Exercised	(1,133,171	)	19.62
Forfeited	(167,209	)	26.72
Outstanding at March 31, 2014	17,614,185		$	31.54
Vested and expected to vest at March 31, 2014	16,933,782		$	31.55
Exercisable at March 31, 2014	8,592,857		$	19.85

Nonvested Restricted Stock and Restricted Stock Unit, Including Performance Units, Activity

A summary of the status of the Company’s nonvested restricted stock and restricted stock unit awards, including PSUs, as of March 31, 2014 and the changes during the three months endedMarch 31, 2014 are presented below:

	Number of Restricted Stock Awards		Weighted  Average Grant-Date Fair Value per  Share
Nonvested at December 31, 2013	3,321,836		$	27.13
Granted	2,035,060		40.21
Released	(1,108,362	)	25.34
Forfeited	(111,249	)	27.14
Nonvested at March 31, 2014	4,137,285		$	34.06

Stock-Based Compensation Plans, Valuation Assumptions

The key assumptions used in the valuation of the Awards are as follows:

	2014
Volatility	29.4		%
Risk-free interest rate	1.6		%
Expected term (years)	5.0
Forfeiture rate	5.5		%
Weighted average grant date fair value per stock appreciation right	$	9.43
Weighted average grant date fair value per performance award	$	34.58

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Financial Instruments and Risk Management (Derivatives Not Designated As Hedging Instruments Fair Values of Derivative Instruments) (Details) (Not Designated as Hedging Instruments, USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 1,538.3	$ 1,309.4
Liability Derivatives, Fair Value	1,539.6	1,308.4
Prepaid expenses and other current assets | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	3.2	6.4
Other assets | Purchased cash convertible note hedge
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	1,535.1	1,303.0
Other current liabilities | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	4.5	5.4
Long-term debt | Cash conversion feature of Cash Convertible Notes
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 1,535.1	$ 1,303.0

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Stock-Based Incentive Plan Stock-Based Incentive Plan (Valuation Assumptions) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	29.40%
Risk-free interest rate	1.60%
Expected term (years)	5 years
Performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeiture rate	5.50%
Weighted average grant date fair value	$ 34.58
Stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 9.43

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Earnings per Common Share Attributable to Mylan Inc. (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Common Share Attributable to Mylan Inc.

Basic and diluted earnings per common share attributable to Mylan Inc. are calculated as follows:

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Basic earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Basic earnings per common share attributable to Mylan Inc. common shareholders	$	0.31	$	0.27

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Diluted earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Stock-based awards and warrants	24.4		5.8
Total dilutive shares outstanding	396.7		399.0
Diluted earnings per common share attributable to Mylan Inc. common shareholders	$	0.29	$	0.27

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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the three months endedMarch 31, 2014 are as follows:

(In millions)	Generics Segment		Specialty Segment			Total
Balance at December 31, 2013:
Goodwill	$	3,939.0	$	734.1		$	4,673.1
Accumulated impairment losses	—		(385.0		)	(385.0		)
	3,939.0		349.1			4,288.1
Purchase price allocation adjustment (1)	48.6		—			48.6
Foreign currency translation	22.9		—			22.9
	$	4,010.5	$	349.1		$	4,359.6
Balance at March 31, 2014:
Goodwill	$	4,010.5	$	734.1		$	4,744.6
Accumulated impairment losses	—		(385.0		)	(385.0		)
	$	4,010.5	$	349.1		$	4,359.6

____________

⁽¹⁾  See Note 3.

Components of Intangible Assets

Intangible assets consist of the following components at March 31, 2014 and December 31, 2013:

(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
March 31, 2014
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	95.1	$	21.5
Product rights and licenses	10	3,600.0		2,118.3		1,481.7
Other (1)	8	174.2		63.8		110.4
		3,890.8		2,277.2		1,613.6
In-process research and development		848.9		—		848.9
		$	4,739.7	$	2,277.2	$	2,462.5
December 31, 2013
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	93.8	$	22.8
Product rights and licenses	10	3,559.5		2,018.1		1,541.4
Other (1)	8	174.0		59.4		114.6
		3,850.1		2,171.3		1,678.8
In-process research and development		839.1		—		839.1
		$	4,689.2	$	2,171.3	$	2,517.9

____________

⁽¹⁾  Other intangible assets consist principally of customer lists and contracts.

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Revenue Recognition and Accounts Receivable

3 Months Ended

Mar. 31, 2014

Accounts Receivable, Net [Abstract]

Revenue Recognition and Accounts Receivable

Revenue Recognition and Accounts Receivable

Mylan recognizes net sales when title and risk of loss pass to its customers and when provisions for estimates, including discounts, sales allowances, price adjustments, returns, chargebacks and other promotional programs are reasonably determinable. Accounts receivable are presented net of allowances relating to these provisions. No revisions were made to the methodology used in determining these provisions during the three months endedMarch 31, 2014. Such allowances were $1.35 billion and $1.24 billion at March 31, 2014 and December 31, 2013, respectively. Other current liabilities include $308.3 million and $281.1 million at March 31, 2014 and December 31, 2013, respectively, for certain sales allowances and other adjustments that are paid to indirect customers.

Through its wholly owned subsidiary Mylan Pharmaceuticals Inc. (“MPI”), the Company has access to a $400 million accounts receivable securitization facility (the “Receivables Facility”). The receivables underlying any borrowings are included in accounts receivable, net, in the Condensed Consolidated Balance Sheets. As of March 31, 2014 and December 31, 2013, there were $517.4 million and $723.1 million of securitized accounts receivable.

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Financial Instruments and Risk Management (Tables)

3 Months Ended

Mar. 31, 2014

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:

	March 31, 2014
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	94.7	$	—	$	—	$	94.7
Total cash equivalents	94.7		—		—		94.7
Trading securities:
Equity securities — exchange traded funds	16.8		—		—		16.8
Total trading securities	16.8		—		—		16.8
Available-for-sale fixed income investments:
U.S. Treasuries	—		0.7		—		0.7
Corporate bonds	—		11.1		—		11.1
Agency mortgage-backed securities	—		13.2		—		13.2
Other	—		2.4		—		2.4
Total available-for-sale fixed income investments	—		27.4		—		27.4
Available-for-sale equity securities:
Biosciences industry	0.1		—		—		0.1
Total available-for-sale equity securities	0.1		—		—		0.1
Foreign exchange derivative assets	—		3.2		—		3.2
Interest rate swap derivative assets	—		116.1		—		116.1
Purchased cash convertible note hedge	—		1,535.1		—		1,535.1
Total assets at recurring fair value measurement	$	111.6	$	1,681.8	$	—	$	1,793.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	8.8	$	—	$	8.8
Interest rate swap derivative liabilities	—		0.4		—		0.4
Cash conversion feature of Cash Convertible Notes	—		1,535.1		—		1,535.1
Contingent consideration	—		—		673.1		673.1
Total liabilities at recurring fair value measurement	$	—	$	1,544.3	$	673.1	$	2,217.4

	December 31, 2013
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	—	$	—	$	—	$	—
Total cash equivalents	—		—		—		—
Trading securities:
Equity securities — exchange traded funds	16.6		—		—		16.6
Total trading securities	16.6		—		—		16.6
Available-for-sale fixed income investments:
U.S. Treasuries	—		12.8		—		12.8
Corporate bonds	—		10.7		—		10.7
Agency mortgage-backed securities	—		0.7		—		0.7
Other	—		2.6		—		2.6
Total available-for-sale fixed income investments	—		26.8		—		26.8
Available-for-sale equity securities:
Biosciences industry	0.2		—		—		0.2
Total available-for-sale equity securities	0.2		—		—		0.2
Foreign exchange derivative assets	—		6.4		—		6.4
Interest rate swap derivative assets	—		183.4		—		183.4
Purchased cash convertible note hedge	—		1,303.0		—		1,303.0
Total assets at recurring fair value measurement	$	16.8	$	1,519.6	$	—	$	1,536.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	58.5	$	—	$	58.5
Interest rate swap derivative liabilities	—		15.8		—		15.8
Cash conversion feature of Cash Convertible Notes	—		1,303.0		—		1,303.0
Contingent consideration	—		—		664.6		664.6
Total liabilities at recurring fair value measurement	$	—	$	1,377.3	$	664.6	$	2,041.9

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 theCondensed 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 millions)			Three Months Ended
			March 31,
			2014		2013
Interest rate swaps	Interest expense		$	24.1	$	(1.8	)
Total			$	24.1	$	(1.8	)

	Location of (Loss) or Gain Recognized in Earnings on Hedged Items	Amount of (Loss) or Gain Recognized in Earnings on Hedged Items
(In millions)			Three Months Ended
			March 31,
			2014			2013
2018 Senior Notes (6.000% coupon)	Interest expense		$	1.1		$	5.3
2023 Senior Notes (3.125% coupon)	Interest expense		(16.5		)	—
Total			$	(15.4	)	$	5.3

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 theCondensed Consolidated Statements of Operations

Derivatives in Cash Flow Hedging Relationships

	Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)
	Three Months Ended
	March 31,
(In millions)	2014			2013
Foreign currency forward contracts	$	(50.9	)	$	4.7
Interest rate swaps	(42.5		)	4.7
Total	$	(93.4	)	$	9.4

	Location of Loss Reclassified from AOCE into Earnings (Effective Portion)	Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)
			Three Months Ended
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Net sales		$	(77.7	)	$	(9.1	)
Interest rate swaps	Interest expense		(0.2		)	(0.7		)
Total			$	(77.9	)	$	(9.8	)

	Location of Gain Excluded from the Assessment of Hedge Effectiveness	Amount of Gain Excluded from the Assessment of Hedge Effectiveness
			Three Months Ended
			March 31,
(In millions)			2014		2013
Foreign currency forward contracts	Other (expense) income, net		$	86.4	$	8.1
Total			$	86.4	$	8.1

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
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Prepaid expenses and other current assets	$	61.1	Prepaid expenses and other current assets	$	90.3
Interest rate swaps	Other assets	55.0		Other assets	93.1
Total		$	116.1		$	183.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Other current liabilities	$	0.4	Other current liabilities	$	15.8
Foreign currency forward contracts	Other current liabilities	4.3		Other current liabilities	53.1
Total		$	4.7		$	68.9

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
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$	3.2	Prepaid expenses and other current assets	$	6.4
Purchased cash convertible note hedge	Other assets	1,535.1		Other assets	1,303.0
Total		$	1,538.3		$	1,309.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Other current liabilities	$	4.5	Other current liabilities	$	5.4
Cash conversion feature of Cash Convertible Notes	Long-term debt	1,535.1		Long-term debt	1,303.0
Total		$	1,539.6		$	1,308.4

Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations

The Effect of Derivative Instruments on theCondensed 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
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Other (expense) income, net		$	4.6		$	(11.2	)
Cash conversion feature of Cash Convertible Notes	Other (expense) income, net		(231.8		)	(55.3		)
Purchased cash convertible note hedge	Other (expense) income, net		231.8			55.3
Total			$	4.6		$	(11.2	)

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Acquisitions (Pro Forma Financial Information) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Business Acquisition [Line Items]
Basic	372.3	393.2
Diluted	396.7	399.0
Agila Specialties
Business Acquisition [Line Items]
Total revenues		$ 1,693.9
Net earnings attributable to Mylan Inc. common shareholders		$ 84.0
Basic (in USD per share)		$ 0.21
Diluted (in USD per share)		$ 0.21

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Goodwill and Intangible Assets (Components of Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014		Dec. 31, 2013
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, original cost	$ 3,890.8		$ 3,850.1
Finite-lived intangible assets, accumulated amortization	2,277.2		2,171.3
Finite-lived intangible assets, net book value	1,613.6		1,678.8
In-process research and development	848.9		839.1
Intangible assets, gross, excluding goodwill	4,739.7		4,689.2
Intangible assets, net book value, excluding goodwill	2,462.5		2,517.9
Patents and technologies
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, estimated useful life, in years	20 years		20 years
Finite-lived intangible assets, original cost	116.6		116.6
Finite-lived intangible assets, accumulated amortization	95.1		93.8
Finite-lived intangible assets, net book value	21.5		22.8
Product rights and licenses
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, estimated useful life, in years	10 years		10 years
Finite-lived intangible assets, original cost	3,600.0		3,559.5
Finite-lived intangible assets, accumulated amortization	2,118.3		2,018.1
Finite-lived intangible assets, net book value	1,481.7		1,541.4
Other
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, estimated useful life, in years	8 years		8 years
Finite-lived intangible assets, original cost	174.2	[1]	174.0	[1]
Finite-lived intangible assets, accumulated amortization	63.8	[1]	59.4	[1]
Finite-lived intangible assets, net book value	$ 110.4	[1]	$ 114.6	[1]

[1] Other intangible assets consist principally of customer lists and contracts.

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Segment Information (Reconciliation Of Segment Information To Total Consolidated Information) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Segment Reporting Information [Line Items]
Total revenues	$ 1,715.6		$ 1,631.5
Segment profitability	239.0		213.8
Intersegment
Segment Reporting Information [Line Items]
Total revenues	0		0
Operating Segment
Segment Reporting Information [Line Items]
Total revenues	1,715.6		1,631.5
Corporate / Other
Segment Reporting Information [Line Items]
Total revenues	(3.0)	[1]	(8.5)	[1]
Segment profitability	(248.7)	[1]	(268.1)	[1]
Generics Segment
Segment Reporting Information [Line Items]
Total revenues	1,514.5		1,412.8
Generics Segment | Intersegment
Segment Reporting Information [Line Items]
Total revenues	1.3		0.6
Generics Segment | Operating Segment
Segment Reporting Information [Line Items]
Total revenues	1,515.8		1,413.4
Segment profitability	388.2		392.1
Specialty Segment
Segment Reporting Information [Line Items]
Total revenues	201.1		218.7
Specialty Segment | Intersegment
Segment Reporting Information [Line Items]
Total revenues	1.7		7.9
Specialty Segment | Operating Segment
Segment Reporting Information [Line Items]
Total revenues	202.8		226.6
Segment profitability	$ 99.5		$ 89.8

[1] Includes certain corporate general and administrative and R&D expenses; net charges for litigation settlements; certain intercompany transactions, including eliminations; amortization of intangible assets and certain purchase accounting items; impairment charges; and other expenses not directly attributable to segments.

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Condensed Consolidated Statements Of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:
Net sales	$ 1,703.0	$ 1,619.4
Other revenues	12.6	12.1
Total revenues	1,715.6	1,631.5
Cost of sales	977.8	938.0
Gross profit	737.8	693.5
Operating expenses:
Research and development	118.0	126.5
Selling, general and administrative	377.7	351.4
Litigation settlements, net	3.1	1.8
Total operating expenses	498.8	479.7
Earnings from operations	239.0	213.8
Interest expense	82.7	78.0
Other (expense) income, net	(4.6)	3.4
Earnings before income taxes and noncontrolling interest	151.7	139.2
Income tax provision	35.1	31.7
Net earnings	116.6	107.5
Net earnings attributable to the noncontrolling interest	(0.7)	(0.6)
Net earnings attributable to Mylan Inc. common shareholders	$ 115.9	$ 106.9
Earnings per common share attributable to Mylan Inc. common shareholders:
Basic (in USD per share)	$ 0.31	$ 0.27
Diluted (in USD per share)	$ 0.29	$ 0.27
Weighted average common shares outstanding:
Basic	372.3	393.2
Diluted	396.7	399.0

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Balance Sheet Components (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Dec. 04, 2013 Agila Specialties	Mar. 31, 2014 Clean Energy Partnerships	Dec. 31, 2013 Clean Energy Partnerships	Mar. 31, 2014 Other current liabilities	Mar. 31, 2014 Other long-term obligations	Dec. 31, 2013 Other long-term obligations	Mar. 31, 2014 Other assets	Mar. 31, 2014 Other assets Clean Energy Partnerships	Dec. 31, 2013 Other assets Clean Energy Partnerships	Mar. 31, 2014 Other assets Sagent Agila	Dec. 31, 2013 Other assets Sagent Agila	Dec. 04, 2013 Equity method investments Agila Specialties
Schedule of Equity Method Investments [Line Items]
Other current liabilities, contingent consideration			$ 250.0			$ 250.0	$ 423.1	$ 414.6
Restricted cash	131.5	129.5							100.0
Equity method investment										390.7	401.7	119.3	123.2
Other liabilities				413.6	415.4
Other liabilities, noncurrent	1,264.8	1,265.3		370.8
Other current liabilities	$ 1,249.3	$ 1,389.4		$ 42.8
Equity method investment, ownership percentage														50.00%

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net earnings	$ 116.6	$ 107.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	135.2	128.9
Stock-based compensation expense	15.4	12.1
Change in estimated sales allowances	131.1	(67.2)
Deferred income tax benefit	(8.4)	(31.5)
Other non-cash items	72.7	45.2
Litigation settlements, net	3.1	1.8
Changes in operating assets and liabilities:
Accounts receivable	49.1	76.7
Inventories	(88.0)	(118.9)
Trade accounts payable	(32.7)	5.9
Income taxes	(33.5)	23.1
Other operating assets and liabilities, net	(92.5)	(96.0)
Net cash provided by operating activities	268.1	87.6
Cash flows from investing activities:
Capital expenditures	(72.3)	(53.1)
Change in restricted cash	0	(53.1)
Cash paid for acquisitions, net	0	(32.1)
Purchase of marketable securities	(4.8)	(2.5)
Proceeds from sale of marketable securities	4.9	2.8
Payments for product rights and other, net	(129.0)	(4.3)
Net cash used in investing activities	(201.2)	(142.3)
Cash flows from financing activities:
Payment of financing fees	(2.3)	(5.0)
Purchase of common stock	0	(500.0)
Change in short-term borrowings, net	(71.1)	185.1
Proceeds from issuance of long-term debt	200.0	525.0
Payment of long-term debt	(260.0)	(239.4)
Proceeds from exercise of stock options	21.9	28.1
Taxes paid related to net share settlement of equity awards	(21.8)	0
Other items, net	18.7	12.8
Net cash (used in) provided by financing activities	(114.6)	6.6
Effect on cash of changes in exchange rates	(0.6)	(7.5)
Net decrease in cash and cash equivalents	(48.3)	(55.6)
Cash and cash equivalents — beginning of period	291.3	350.0
Cash and cash equivalents — end of period	$ 243.0	$ 294.4

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Financial Instruments and Risk Management (Effect Of Derivative Instruments on the Condensed Consolidated Statements of Operations, Derivatives Not Designated as Hedging Instruments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ 4.6	$ (11.2)
Foreign currency forward contracts | Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	4.6	(11.2)
Cash conversion feature of Cash Convertible Notes | Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	(231.8)	(55.3)
Purchased cash convertible note hedge | Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ 231.8	$ 55.3

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Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Summary of Changes in Shareholders' Equity

A summary of the changes in shareholders’ equity for the three months endedMarch 31, 2014 and 2013 is as follows:

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest			Total
December 31, 2013	$	2,941.8		$	18.1		$	2,959.9
Net earnings	115.9			0.7			116.6
Other comprehensive earnings, net of tax	80.7			—			80.7
Stock option activity	21.9			—			21.9
Stock compensation expense	15.4			—			15.4
Issuance of restricted stock, net of shares withheld	(20.1		)	—			(20.1		)
Tax benefit of stock option plans	18.7			—			18.7
Other	—			(1.4		)	(1.4		)
March 31, 2014	$	3,174.3		$	17.4		$	3,191.7

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest		Total
December 31, 2012	$	3,340.7		$	15.1	$	3,355.8
Net earnings	106.9			0.6		107.5
Other comprehensive loss, net of tax	(121.9		)	—		(121.9		)
Common stock share repurchase	(500.0		)	—		(500.0		)
Stock option activity	28.1			—		28.1
Stock compensation expense	12.1			—		12.1
Issuance of restricted stock, net of shares withheld	(7.3		)	—		(7.3		)
Tax benefit of stock option plans	12.9			—		12.9
March 31, 2013	$	2,871.5		$	15.7	$	2,887.2

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Debt (Receivables Facility) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Short-term Debt [Line Items]
Short-term borrowings	$ 370.5	$ 439.8
Receivables Facility
Short-term Debt [Line Items]
Short-term borrowings	$ 280.0	$ 374.0

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Earnings per Common Share Attributable to Mylan Inc. (Policies)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings per Share Policy

Basic earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding related to potentially dilutive securities or instruments, if the impact is dilutive.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Reconciliation of Segment Information to Total Consolidated Information

Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.

(In millions)	Generics Segment		Specialty Segment		Corporate / Other(1)			Consolidated
Three Months Ended March 31, 2014
Total revenues
Third party	$	1,514.5	$	201.1	$	—		$	1,715.6
Intersegment	1.3		1.7		(3.0		)	—
Total	$	1,515.8	$	202.8	$	(3.0	)	$	1,715.6
Segment profitability	$	388.2	$	99.5	$	(248.7	)	$	239.0
Three Months Ended March 31, 2013
Total revenues
Third party	$	1,412.8	$	218.7	$	—		$	1,631.5
Intersegment	0.6		7.9		(8.5		)	—
Total	$	1,413.4	$	226.6	$	(8.5	)	$	1,631.5
Segment profitability	$	392.1	$	89.8	$	(268.1	)	$	213.8

____________

⁽¹⁾  Includes certain corporate general and administrative and R&D expenses; net charges for litigation settlements; certain intercompany transactions, including eliminations; amortization of intangible assets and certain purchase accounting items; impairment charges; and other expenses not directly attributable to segments.

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Financial Instruments and Risk Management (Policies)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Financial Instruments Policy

Fair value is based on the price that would be received from the sale of an identical asset or paid to transfer an identical liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, a fair value hierarchy has been established that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

• Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

• Level 2: Observable market-based inputs other than quoted prices in active markets for identical assets or liabilities.

• Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as considers counterparty credit risk in its assessment of fair value.

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Comprehensive Earnings (Accumulated Other Comprehensive Loss) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Equity [Abstract]
Net unrealized gains on marketable securities, net of tax	$ 0.3	$ 0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7)	(8.7)
Net unrecognized gains (losses) on derivatives, net of tax	69.3	84.8
Foreign currency translation adjustment	(219.3)	(316.5)
Accumulated other comprehensive loss	$ (159.4)	$ (240.1)

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General

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General

General

The accompanying unaudited Condensed Consolidated Financial Statements (“interim financial statements”) of Mylan Inc. and subsidiaries (“Mylan” or the “Company”) were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q; therefore, as permitted under these rules, certain footnotes and other financial information included in audited financial statements were condensed or omitted. The interim financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the interim results of operations, comprehensive earnings, financial position and cash flows for the periods presented.

These interim financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The December 31, 2013Condensed Consolidated Balance Sheet was derived from audited financial statements.

The interim results of operations, comprehensive earnings and cash flows for the three months endedMarch 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year or any other future period. The Company computed its provision for income taxes using an estimated effective tax rate for the full year with consideration of certain discrete tax items which occurred within the interim period. The estimated annual effective tax rate for 2014 includes an estimate of the full-year effect of foreign tax credits that the Company anticipates it will claim against its 2014 United States (“U.S.”) tax liabilities.

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Condensed Consolidated Statements Of Comprehensive Earnings (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net earnings	$ 116.6	$ 107.5
Other comprehensive earnings (loss), before tax:
Foreign currency translation adjustment	97.2	(140.4)
Change in unrecognized (loss) gain and prior service cost related to defined benefit plans	(1.5)	0.3
Net unrecognized (loss) gain on derivatives	(27.4)	25.8
Net unrealized loss on marketable securities	0	(0.3)
Other comprehensive earnings (loss), before tax	68.3	(114.6)
Income tax (benefit) provision	(12.4)	7.3
Other comprehensive earnings (loss), net of tax	80.7	(121.9)
Comprehensive earnings (loss)	197.3	(14.4)
Comprehensive earnings attributable to the noncontrolling interest	(0.7)	(0.6)
Comprehensive earnings (loss) attributable to Mylan Inc. common shareholders	$ 196.6	$ (15.0)

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Shareholders' Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

A summary of the changes in shareholders’ equity for the three months endedMarch 31, 2014 and 2013 is as follows:

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest			Total
December 31, 2013	$	2,941.8		$	18.1		$	2,959.9
Net earnings	115.9			0.7			116.6
Other comprehensive earnings, net of tax	80.7			—			80.7
Stock option activity	21.9			—			21.9
Stock compensation expense	15.4			—			15.4
Issuance of restricted stock, net of shares withheld	(20.1		)	—			(20.1		)
Tax benefit of stock option plans	18.7			—			18.7
Other	—			(1.4		)	(1.4		)
March 31, 2014	$	3,174.3		$	17.4		$	3,191.7

(In millions)	Total Mylan Inc. Shareholders' Equity			Noncontrolling Interest		Total
December 31, 2012	$	3,340.7		$	15.1	$	3,355.8
Net earnings	106.9			0.6		107.5
Other comprehensive loss, net of tax	(121.9		)	—		(121.9		)
Common stock share repurchase	(500.0		)	—		(500.0		)
Stock option activity	28.1			—		28.1
Stock compensation expense	12.1			—		12.1
Issuance of restricted stock, net of shares withheld	(7.3		)	—		(7.3		)
Tax benefit of stock option plans	12.9			—		12.9
March 31, 2013	$	2,871.5		$	15.7	$	2,887.2

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Document And Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 25, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	MYLAN INC.
Entity Central Index Key	0000069499
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filler Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		373,731,253

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Segment Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

Mylan has two segments, “Generics” and “Specialty.” The Generics segment primarily develops, manufactures, sells and distributes generic or branded generic pharmaceutical products in tablet, capsule, injectable or transdermal patch form, as well as active pharmaceutical ingredients (“API”). The Specialty segment engages mainly in the development and sale of branded specialty nebulized and injectable products.

The Company’s chief operating decision maker evaluates the performance of its segments based on total revenues and segment profitability. Segment profitability represents segment gross profit less direct research and development (“R&D”) expenses and direct SG&A expenses. Certain general and administrative and R&D expenses not allocated to the segments, net charges for litigation settlements, impairment charges and other expenses not directly attributable to the segments, are reported in Corporate/Other. Additionally, amortization of intangible assets and other purchase accounting related items, as well as any other significant special items, are included in Corporate/Other. As a result of changes to the organization structure at the end of 2013, certain R&D and selling and marketing expenses that were previously a component of the Specialty segment profitability are included within the Generics segment profitability beginning in 2014. Items below the earnings from operations line on the Company’s Condensed Consolidated Statements of Operations are not presented by segment, since they are excluded from the measure of segment profitability. The Company does not report depreciation expense, total assets and capital expenditures by segment, as such information is not used by the chief operating decision maker.

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Intersegment revenues are accounted for at current market values and are eliminated at the consolidated level.

Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.

(In millions)	Generics Segment		Specialty Segment		Corporate / Other(1)			Consolidated
Three Months Ended March 31, 2014
Total revenues
Third party	$	1,514.5	$	201.1	$	—		$	1,715.6
Intersegment	1.3		1.7		(3.0		)	—
Total	$	1,515.8	$	202.8	$	(3.0	)	$	1,715.6
Segment profitability	$	388.2	$	99.5	$	(248.7	)	$	239.0
Three Months Ended March 31, 2013
Total revenues
Third party	$	1,412.8	$	218.7	$	—		$	1,631.5
Intersegment	0.6		7.9		(8.5		)	—
Total	$	1,413.4	$	226.6	$	(8.5	)	$	1,631.5
Segment profitability	$	392.1	$	89.8	$	(268.1	)	$	213.8

____________

⁽¹⁾  Includes certain corporate general and administrative and R&D expenses; net charges for litigation settlements; certain intercompany transactions, including eliminations; amortization of intangible assets and certain purchase accounting items; impairment charges; and other expenses not directly attributable to segments.

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 243.0	$ 291.3
Accounts receivable, net	1,678.6	1,820.3
Inventories	1,737.9	1,664.7
Deferred income tax benefit	223.0	248.9
Prepaid expenses and other current assets	459.7	446.1
Total current assets	4,342.2	4,471.3
Property, plant and equipment, net	1,705.0	1,663.1
Intangible assets, net	2,462.5	2,517.9
Goodwill	4,359.6	4,288.1
Deferred income tax benefit	85.4	77.8
Other assets	2,400.3	2,218.1
Total assets	15,355.0	15,236.3
Current liabilities:
Trade accounts payable	928.5	1,072.8
Short-term borrowings	370.5	439.8
Income taxes payable	45.1	49.7
Current portion of long-term debt and other long-term obligations	53.3	3.6
Deferred income tax liability	2.6	0.8
Other current liabilities	1,249.3	1,389.4
Total current liabilities	2,649.3	2,956.1
Long-term debt	7,780.6	7,586.5
Other long-term obligations	1,264.8	1,265.3
Deferred income tax liability	468.6	468.5
Total liabilities	12,163.3	12,276.4
Mylan Inc. shareholders’ equity
Common stock — par value $0.50 per share	272.6	272.0
Additional paid-in capital	4,122.3	4,103.6
Retained earnings	2,801.0	2,685.1
Accumulated other comprehensive loss	(159.4)	(240.1)
Total Mylan Inc. shareholders' equity, before treasury stock	7,036.5	6,820.6
Noncontrolling interest	17.4	18.1
Less: Treasury stock — at cost	3,862.2	3,878.8
Total equity	3,191.7	2,959.9
Total liabilities and equity	$ 15,355.0	$ 15,236.3

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Earnings per Common Share Attributable to Mylan Inc.

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings per Common Share Attributable to Mylan Inc.

Earnings per Common Share Attributable to Mylan Inc.

Basic earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period. Diluted earnings per common share is computed by dividing net earnings attributable to Mylan Inc. common shareholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding related to potentially dilutive securities or instruments, if the impact is dilutive.

On September 15, 2008, concurrent with the sale of $575 million aggregate principal amount of Cash Convertible Notes due 2015 (the “Cash Convertible Notes”), Mylan entered into a convertible note hedge and warrant transaction with certain counterparties. Pursuant to the warrant transactions, the Company sold to the counterparties warrants to purchase in the aggregate up to approximately 43.2 million shares of Mylan common stock, subject to certain anti-dilution provisions. In 2011, the Company entered into amendments with the counterparties to exchange the original warrants with an exercise price of $20.00 (the “Old Warrants”) for new warrants with an exercise price of $30.00 (the “New Warrants”). Approximately 41.0 million of the Old Warrants were exchanged in the transaction. Both the Old and New Warrants meet the definition of derivatives under the Financial Accounting Standards Board’s (“FASB”) guidance regarding accounting for derivative instruments and hedging activities; however, because these instruments have been determined to be indexed to the Company’s own common stock and meet the criteria for equity classification under the FASB’s guidance regarding contracts in an entity’s own equity, the warrants have been recorded in shareholders’ equity in the Condensed Consolidated Balance Sheets. The dilutive impact of the Old and New Warrants are included in the calculation of diluted earnings per share based upon the average market value of the Company’s common stock during the period as compared to the exercise price. For the three months endedMarch 31, 2014 and March 31, 2013, 16.9 million warrants and 0.7 million warrants, respectively, were included in the calculation of diluted earnings per share.

Basic and diluted earnings per common share attributable to Mylan Inc. are calculated as follows:

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Basic earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Basic earnings per common share attributable to Mylan Inc. common shareholders	$	0.31	$	0.27

	Three Months Ended
	March 31,
(In millions, except per share amounts)	2014		2013
Diluted earnings attributable to Mylan Inc. common shareholders (numerator):
Net earnings attributable to Mylan Inc. common shareholders	$	115.9	$	106.9
Shares (denominator):
Weighted average common shares outstanding	372.3		393.2
Stock-based awards and warrants	24.4		5.8
Total dilutive shares outstanding	396.7		399.0
Diluted earnings per common share attributable to Mylan Inc. common shareholders	$	0.29	$	0.27

Additional stock options, SARs and restricted stock awards were outstanding during the periods ended March 31, 2014 and 2013, but were not included in the computation of diluted earnings per share for each respective period, because the effect would be anti-dilutive. Such anti-dilutive awards represented 2.5 million shares for the three months endedMarch 31, 2014 and 2.3 million shares for the three months endedMarch 31, 2013, respectively.

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Balance Sheet Components

3 Months Ended

Mar. 31, 2014

Balance Sheet Components [Abstract]

Balance Sheet Components

Balance Sheet Components

Selected balance sheet components consist of the following:

(In millions)	March 31, 2014		December 31, 2013
Inventories:
Raw materials	$	550.4	$	484.6
Work in process	321.4		310.1
Finished goods	866.1		870.0
	$	1,737.9	$	1,664.7

Property, plant and equipment:
Land and improvements	$	84.5	$	72.7
Buildings and improvements	803.9		747.0
Machinery and equipment	1,691.4		1,698.4
Construction in progress	235.2		207.7
	2,815.0		2,725.8
Less accumulated depreciation	1,110.0		1,062.7
	$	1,705.0	$	1,663.1

Other current liabilities:
Legal and professional accruals, including litigation accruals	$	146.2	$	146.1
Payroll and employee benefit plan accruals	199.4		289.0
Accrued sales allowances	308.3		281.1
Accrued interest	69.3		68.5
Fair value of financial instruments	9.2		74.3
Other	516.9		530.4
	$	1,249.3	$	1,389.4

The value of contingent consideration included in other current liabilities is $250 million at March 31, 2014 and December 31, 2013. Contingent consideration included in other long-term obligations is $423.1 million and $414.6 million at March 31, 2014 and December 31, 2013, respectively. Included in prepaid expenses and other current assets is $131.5 million and $129.5 million of restricted cash at March 31, 2014 and December 31, 2013, respectively. An additional $100 million of restricted cash is classified as a component of other long-term assets at March 31, 2014 and December 31, 2013, principally related to amounts deposited in escrow, or restricted amounts, for potential contingent consideration payments related to the Agila acquisition.

The Company’s equity method investments in clean energy partnerships, whose activities qualify for income tax credits under section 45 of the U.S. Internal Revenue Code, totaled $390.7 million and $401.7 million at March 31, 2014 and December 31, 2013, respectively, and are included in other assets in the Condensed Consolidated Balance Sheets. Liabilities related to these investments totaled $413.6 million and $415.4 million at March 31, 2014 and December 31, 2013, respectively. At March 31, 2014, $370.8 million of these liabilities are included in other long-term obligations and $42.8 million are included in other current liabilities in the Condensed Consolidated Balance Sheets.

As part of the Agila acquisition, the Company acquired a 50% interest in Sagent Agila, which was established in 2007 between Agila and Sagent Pharmaceuticals, Inc. and is accounted for using the equity method of accounting. Sagent Agila was established to allow for the development, manufacturing and distribution of certain generic injectable products in the U.S. market. The initial term of the venture expires upon the tenth anniversary of the formation. The equity method investment included in other assets totaled $119.3 million and $123.2 million at March 31, 2014 and December 31, 2013, respectively, in the Condensed Consolidated Balance Sheets. The results of Sagent Agila were not material to Mylan’s Condensed Consolidated Financial Statements.

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Goodwill and Intangible Assets (Policies)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-Lived Intangible Assets Policy

Indefinite-lived intangible assets, such as the Company’s IPR&D assets, are tested at least annually for impairment, but they may also be tested whenever certain impairment indicators are present. Impairment is determined to exist when the fair value is less than the carrying value of the assets being tested.

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Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies

Legal Proceedings

The Company is involved in various disputes, governmental and/or regulatory inquiries and proceedings and litigation matters that arise from time to time, some of which are described below. The Company is also party to certain litigation matters for which Merck KGaA or Strides Arcolab has agreed to indemnify the Company, pursuant to the respective sale and purchase agreements.

While the Company believes that it has meritorious defenses with respect to the claims asserted against it and intends to vigorously defend its position, the process of resolving matters through litigation or other means is inherently uncertain, and it is not possible to predict the ultimate resolution of any such proceeding. It is possible that an unfavorable resolution of any of the matters described below, or the inability or denial of Merck KGaA, Strides Arcolab, or another indemnitor or insurer to pay an indemnified claim, could have a material effect on the Company’s financial position, results of operations and/or cash flows, and could cause the market value of our common stock to decline. Unless otherwise disclosed below, the Company is unable to predict the outcome of the respective litigation or to provide an estimate of the range of reasonably possible losses. Legal costs are recorded as incurred and are classified in SG&A expenses in the Company’s Condensed Consolidated Statements of Operations.

Lorazepam and Clorazepate

On June 1, 2005, a jury verdict was rendered against Mylan, MPI, and co-defendants Cambrex Corporation and Gyma Laboratories in the U.S. District Court for the District of Columbia in the amount of approximately $12.0 million, which has been accrued for by the Company. The jury found that Mylan and its co-defendants willfully violated Massachusetts, Minnesota and Illinois state antitrust laws in connection with API supply agreements entered into between the Company and its API supplier (Cambrex) and broker (Gyma) for two drugs, Lorazepam and Clorazepate, in 1997, and subsequent price increases on these drugs in 1998. The case was brought by four health insurers who opted out of earlier class action settlements agreed to by the Company in 2001 and represents the last remaining antitrust claims relating to Mylan’s 1998 price increases for Lorazepam and Clorazepate. Following the verdict, the Company filed a motion for judgment as a matter of law, a motion for a new trial, a motion to dismiss two of the insurers and a motion to reduce the verdict. On December 20, 2006, the Company’s motion for judgment as a matter of law and motion for a new trial were denied and the remaining motions were denied on January 24, 2008. In post-trial filings, the plaintiffs requested that the verdict be trebled and that request was granted on January 24, 2008. On February 6, 2008, a judgment was issued against Mylan and its co-defendants in the total amount of approximately $69.0 million, which, in the case of three of the plaintiffs, reflects trebling of the compensatory damages in the original verdict (approximately $11.0 million in total) and, in the case of the fourth plaintiff, reflects their amount of the compensatory damages in the original jury verdict plus doubling this compensatory damage award as punitive damages assessed against each of the defendants (approximately $58.0 million in total), some or all of which may be subject to indemnification obligations by Mylan. Plaintiffs are also seeking an award of attorneys’ fees and litigation costs in unspecified amounts and prejudgment interest of approximately $8.0 million. The Company and its co-defendants appealed to the U.S. Court of Appeals for the D.C. Circuit and have challenged the verdict as legally erroneous on multiple grounds. The appeals were held in abeyance pending a ruling on the motion for prejudgment interest, which has been granted. Mylan has contested this ruling along with the liability finding and other damages awards as part of its appeal, which was filed in the Court of Appeals for the D.C. Circuit. On January 18, 2011, the Court of Appeals issued a judgment remanding the case to the District Court for further proceedings based on lack of diversity with respect to certain plaintiffs. On June 13, 2011, Mylan filed a certiorari petition with the U.S. Supreme Court requesting review of the judgment of the D.C. Circuit. On October 3, 2011, the certiorari petition was denied. The case is now proceeding before the District Court. On January 14, 2013, following limited court-ordered jurisdictional discovery, the plaintiffs filed a fourth amended complaint containing additional factual averments with respect to the diversity of citizenship of the parties, along with a motion to voluntarily dismiss 755 (of 1,387) self-funded customers whose presence would destroy the District Court’s diversity jurisdiction. The plaintiffs also moved for a remittitur (reduction) of approximately $8.1 million from the full damages award. Mylan’s brief in response to the new factual averments in the complaint was filed on February 13, 2013. In addition to disputing the sufficiency of many of the plaintiffs’ jurisdictional averments, Mylan argues that the case should be dismissed in its entirety, or that alternatively all of the self-funded customer claims should be dismissed. Mylan also argues for additional discovery and a new trial on damages. Briefing on these issues is complete, and a decision is pending.

In connection with the Company’s appeal of the judgment, the Company submitted a surety bond underwritten by a third-party insurance company in the amount of $74.5 million in February 2008. On May 30, 2012, the District Court ordered the amount of the surety bond reduced to $66.6 million.

Pricing and Medicaid Litigation

Beginning in September 2003, Mylan, MPI and/or Mylan Institutional Inc. (formerly known as UDL Laboratories, Inc. and hereafter “MII”), a wholly owned subsidiary of the Company, together with many other pharmaceutical companies, have been named in civil lawsuits filed by state attorneys general (“AGs”) and municipal bodies within the state of New York alleging generally that the defendants defrauded the state Medicaid systems by allegedly reporting Average Wholesale Prices (“AWP”) and/or “Wholesale Acquisition Costs” that exceeded the actual selling price of the defendants’ prescription drugs, causing state programs to overpay pharmacies and other providers. To date, Mylan, MPI and/or MII have been named as defendants in substantially similar civil lawsuits filed by the AGs of Alabama, Alaska, California, Florida, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, Missouri, Oklahoma, South Carolina, Texas, Utah and Wisconsin, and also by the city of New York and approximately 40 counties across New York State. Several of these cases were transferred to the AWP multi-district litigation proceedings pending in the U.S. District Court for the District of Massachusetts for pretrial proceedings. Other cases have been litigated in the state courts in which they were filed. Each of the cases seeks money damages, civil penalties and/or double, treble or punitive damages, counsel fees and costs, equitable relief and/or injunctive relief. Mylan and its subsidiaries have denied liability and have defended each of these actions vigorously.

In May 2008, an amended complaint was filed in the U.S. District Court for the District of Massachusetts by a private plaintiff on behalf of the United States of America against Mylan, MPI, MII and several other generic manufacturers. The original complaint was filed under seal in April 2000, and Mylan, MPI and MII were added as parties in February 2001. The claims against Mylan, MPI, MII and the other generic manufacturers were severed from the April 2000 complaint (which remains under seal) as a result of the federal government’s decision not to intervene in the action as to those defendants. The complaint alleged violations of the False Claims Act and set forth allegations substantially similar to those alleged in the state AG cases mentioned in the preceding paragraph and purported to seek nationwide recovery of any and all alleged overpayment of the “federal share” under the Medicaid program, as well as treble damages and civil penalties. In December 2010, the Company completed a settlement of this case (except for the claims related to the California federal share) and the Texas state action mentioned above. This settlement resolved a significant portion of the damages claims asserted against Mylan, MPI and MII in the various pending pricing litigations. In addition, Mylan has reached settlements of the Alabama, Alaska, California (including the federal share), Florida, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Mississippi, New York state and county, Oklahoma, South Carolina and Utah state actions. The Company has also reached agreements in principle to settle the Wisconsin and Missouri actions, which are contingent upon the execution of definitive settlement documents. The Company had accrued approximately $56.0 million at March 31, 2014 and December 31, 2013. There were no settlement payments made during the three months endedMarch 31, 2014. The Company reviews the status of these actions on an ongoing basis, and from time to time, the Company may settle or otherwise resolve these matters on terms and conditions that management believes are in the best interests of the Company. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts that may have been accrued. However, the range of reasonably possible loss above the amount accrued cannot be estimated.

Dey L.P. (now known as Mylan Specialty L.P. and hereafter “Mylan Specialty”), a wholly owned subsidiary of the Company, was named as a defendant in several class actions brought by consumers and third-party payors. Mylan Specialty reached a settlement of these class actions, which was approved by the court and all claims have been dismissed. Additionally, a complaint was filed under seal by a plaintiff on behalf of the United States of America against Mylan Specialty in August 1997. In August 2006, the Government filed its complaint-in-intervention and the case was unsealed in September 2006. The Government asserted that Mylan Specialty was jointly liable with a codefendant and sought recovery of alleged overpayments, together with treble damages, civil penalties and equitable relief. Mylan Specialty completed a settlement of this action in December 2010. These cases all have generally alleged that Mylan Specialty falsely reported certain price information concerning certain drugs marketed by Mylan Specialty, that Mylan Specialty caused false claims to be made to Medicaid and to Medicare, and that Mylan Specialty caused Medicaid and Medicare to make overpayments on those claims.

Under the terms of the purchase agreement with Merck KGaA, Mylan is fully indemnified for the claims in the preceding paragraph and Merck KGaA is entitled to any income tax benefit the Company realizes for any deductions of amounts paid for such pricing litigation. Under the indemnity, Merck KGaA is responsible for all settlement and legal costs, and, as such, these settlements had no impact on the Company’s Consolidated Statements of Operations. At March 31, 2014, the Company has accrued approximately $63.3 million in other current liabilities, which represents its estimate of the remaining amount of anticipated income tax benefits due to Merck KGaA. Substantially all of Mylan Specialty’s known claims with respect to this pricing litigation have been settled.

Modafinil Antitrust Litigation and FTC Inquiry

Beginning in April 2006, Mylan and four other drug manufacturers have been named as defendants in civil lawsuits filed in or transferred to the U.S. District Court for the Eastern District of Pennsylvania by a variety of plaintiffs purportedly representing direct and indirect purchasers of the drug Modafinil and in a lawsuit filed by Apotex, Inc., a manufacturer of generic drugs. These actions allege violations of federal antitrust and state laws in connection with the generic defendants’ settlement of patent litigation with Cephalon relating to Modafinil. On March 29, 2010, the Court in the Eastern District of Pennsylvania denied the defendants’ motions to dismiss. Fact discovery has closed and briefing on dispositive motions is ongoing.

In addition, by letter dated July 11, 2006, Mylan was notified by the U.S. Federal Trade Commission (“FTC”) of an investigation relating to the settlement of the Modafinil patent litigation. In its letter, the FTC requested certain information from Mylan, MPI and Mylan Technologies, Inc. pertaining to the patent litigation and the settlement thereof. On March 29, 2007, the FTC issued a subpoena, and on April 26, 2007, the FTC issued a civil investigative demand to Mylan, requesting additional information from the Company relating to the investigation. Mylan has cooperated fully with the government’s investigation and completed all requests for information. On February 13, 2008, the FTC filed a lawsuit against Cephalon in the U.S. District Court for the District of Columbia and the case has subsequently been transferred to the U.S. District Court for the Eastern District of Pennsylvania. On July 1, 2010, the FTC issued a third party subpoena to Mylan, requesting documents in connection with its lawsuit against Cephalon. Mylan has responded to the subpoena. Mylan is not named as a defendant in the FTC’s lawsuit, although the complaint includes certain allegations pertaining to Mylan’s settlement with Cephalon.

Minocycline

On May 1, 2012, the FTC issued a civil investigative demand to Mylan pertaining to an investigation being conducted to determine whether Medicis Pharmaceutical Corporation, Mylan, and/or other generic companies engaged in unfair methods of competition with regard to Medicis’ branded Solodyn® products and generic Solodyn® products, as well as the 2010 settlement of Medicis’ patent infringement claims against Mylan and Matrix Laboratories Limited (now known as Mylan Laboratories Limited). Mylan is cooperating with the FTC and has responded to the requests for information.

Beginning in July 2013, Mylan and Mylan Laboratories Limited, along with other drug manufacturers, have been named as defendants in civil lawsuits filed by a variety of plaintiffs in the U.S. District Court for the Eastern District of Pennsylvania, the District of Arizona, and the District of Massachusetts. Those lawsuits have been consolidated in the U.S. District Court for the District of Massachusetts. The plaintiffs purport to represent direct and indirect purchasers of branded or generic Solodyn®, and assert violations of federal and state laws, including allegations in connection with separate settlements by Medicis with each of the other defendants of patent litigation relating to generic Solodyn®.

Pioglitazone

Beginning in December 2013, Mylan, Takeda, and several other drug manufacturers have been named as defendants in civil lawsuits filed in the U.S. District Court for the Southern District of New York, the Northern District of Illinois, and the District of Rhode Island by plaintiffs which purport to represent indirect purchasers of branded or generic Actos® and Actoplus Met®. These actions allege violations of state and federal competition laws in connection with the defendants’ settlements of patent litigation in 2010 relating to Actos® and Actoplus Met®.

European Commission Proceedings

On or around July 8, 2009, the European Commission (the “Commission”) stated that it had initiated antitrust proceedings pursuant to Article 11(6) of Regulation No. 1/2003 and Article 2(1) of Regulation No. 773/2004 to explore possible infringement of Articles 81 and 82 EC and Articles 53 and 54 of the EEA Agreement by Les Laboratoires Servier (“Servier”) as well as possible infringement of Article 81 EC by the Company’s Indian subsidiary, Mylan Laboratories Limited (formerly known as Matrix Laboratories Limited), and four other companies, each of which entered into agreements with Servier relating to the product Perindopril. On July 30, 2012, the European Commission issued a Statement of Objections to Servier SAS, Servier Laboratories Limited, Les Laboratories Servier, Adir, Biogaran, Krka, d.d. Novo mesto, Lupin Limited, Mylan Laboratories Limited, Mylan Inc., Niche Generics Limited, Teva UK Limited, Teva Pharmaceutical Industries Ltd., Teva Pharmaceuticals Europe B.V. and Unichem Laboratories Limited. Mylan Inc. and Mylan Laboratories Limited have filed responses to the Statement of Objections and are vigorously defending themselves against allegations contained therein.

On October 6, 2009, the Company received notice that the Commission was initiating an investigation pursuant to Article 20(4) of Regulation No. 1/2003 to explore possible infringement of Articles 81 and 82 EC by the Company and its affiliates. Mylan S.A.S., acting on behalf of its Mylan affiliates, has produced documents and other information in connection with the inquiry and continues to respond to other requests for additional information. The Company is cooperating with the Commission in connection with the investigation, and no statement of objections has been filed against the Company in connection with the investigation.

On March 19, 2010, Mylan and Generics [U.K.] Limited, a wholly owned subsidiary of the Company, received notice that the Commission had opened proceedings against Lundbeck with respect to alleged unilateral practices and/or agreements related to Citalopram in the European Economic Area. A Statement of Objections was issued to Lundbeck, Merck KGaA, Generics [U.K.] Limited, Arrow, Resolution Chemicals, Xelia Pharmaceuticals, Alpharma, A.L. Industrier and Ranbaxy on July 25, 2012. Generics [U.K.] Limited filed a response to the Statement of Objections, and vigorously defended itself against allegations contained therein. On June 19, 2013, the Commission issued a decision finding that Generics [U.K.] Limited, as well as the companies noted above, had violated European Union (“EU”) competition rules and required Generics [U.K.] Limited to pay approximately €7.8 million, jointly and severally with Merck KGaA. Generics [U.K.] Limited has appealed the Commission’s decision. Generics [U.K.] Limited has also sought indemnification from Merck KGaA with respect to the €7.8 million issued against Merck KGaA and Generics [U.K.] Limited jointly and severally. Merck KGaA has counterclaimed against Generics [U.K.] Limited seeking the same. The Company had accrued approximately $10.3 million related to this matter at March 31, 2014 and December 31, 2013. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts accrued. However, the range of reasonably possible loss above the amount accrued cannot be estimated.

U.K. Office of Fair Trading

On August 12, 2011, Generics [U.K.] Limited received notice that the Office of Fair Trading was opening an investigation to explore the possible infringement of the Competition Act 1998 and Article 101 and 102 of the Treaty on the Functioning of the European Union, with respect to alleged agreements related to Paroxetine. On April 19, 2013, a Statement of Objections was issued to GlaxoSmithKline, Generics [U.K.] Limited, Alpharma and Ivax LLC. Generics [U.K.] Limited filed a response to the Statement of Objections, defending itself against the allegations contained therein. A decision remains pending.

South African Competition Commission

Mylan's South African affiliate received a summons and a request for appearance and information, dated February 22, 2013, regarding a supply agreement between Aspen Pharmacare Holdings (Pty) Ltd. and Mylan Laboratories Limited pertaining to a fixed dose combination antiretroviral product. The summons was issued in respect of two complaints in connection with this agreement. An amended complaint and Initiation Statement were received on June 21, 2013. Mylan has produced documents and information in connection with this matter. Mylan is continuing to cooperate in this investigation. The complaint has not been referred to the Competition Tribunal.

Product Liability

The Company is involved in a number of product liability lawsuits and claims related to alleged personal injuries arising out of certain products manufactured and/or distributed by the Company, including but not limited to its Fentanyl Transdermal System, Phenytoin, Propoxyphene and Alendronate®. The Company believes that it has meritorious defenses to these lawsuits and claims and is vigorously defending itself with respect to those matters. From time to time, the Company has agreed to settle or otherwise resolve certain lawsuits and claims on terms and conditions that are in the best interests of the Company. The Company had accrued approximately $15.1 million at March 31, 2014 and $13.8 million at December 31, 2013. There are no assurances that settlements reached and/or adverse judgments received, if any, will not exceed amounts accrued . However, the range of reasonably possible loss above the amount accrued cannot be estimated.

Intellectual Property

On April 16, 2012, the Federal Circuit reversed and vacated a judgment of invalidity by the United States District Court for the District of Delaware in a patent infringement lawsuit by Eurand, Inc. (now known as Aptalis Pharmatech, Inc.), Cephalon, Inc., and Anesta AG against Mylan Inc. and MPI in relation to MPI’s abbreviated new drug application for Extended-release Cyclobenzaprine Hydrochloride. On May 12, 2011, the District Court found, after trial, the patents-in-suit invalid as obvious. On May 13, 2011, MPI launched its Cyclobenzaprine Hydrochloride Extended-release capsules. Plaintiffs appealed the District Court’s finding of obviousness to the Federal Circuit, and on May 24, 2011, the District Court issued an injunction order enjoining Mylan from selling any additional Cyclobenzaprine products pending the Federal Circuit’s decision. Plaintiffs were required to post a $10 million bond. Mylan appealed the District Court’s injunction and filed a motion to stay the injunction pending resolution of the appeal. On May 25, 2011, the Federal Circuit temporarily stayed the injunction pending full briefing on Mylan’s motion to stay. On July 7, 2011, the Federal Circuit reinstated the injunction preventing further sales pending a decision on the appeal. On April 16, 2012, the Federal Circuit reversed and vacated the District Court’s invalidity judgment and dismissed without prejudice Mylan’s appeal of the injunction. The Company filed a petition for rehearing en banc and on July 25, 2012, the petition was denied. The Company filed a petition for certiorari to the United States Supreme Court on October 23, 2012 and on January 14, 2013, the petition was denied. The case was remanded to the District Court for consideration of the issue of damages. On April 4, 2013, the District Court ordered that the effective date of approval of Mylan’s Abbreviated New Drug Application shall not be earlier than the later to expire of the patents-in-suit, unless otherwise ordered by the Court, and enjoined Mylan from manufacturing, using, offering to sell, selling, or importing its products until after the later of the expiration dates of the patents-in-suit, unless otherwise ordered by the Court. The trial on the issue of damages is scheduled to commence on September 2, 2014.

In these and other situations, the Company has used its business judgment to decide to market and sell products, notwithstanding the fact that allegations of patent infringement(s) or other potential third party rights have not been finally resolved by the courts (i.e., an “at-risk launch” situation). The risk involved in doing so can be substantial because the remedies available to the owner of a patent for infringement may include, among other things, damages measured by the profits lost by the patent owner and not necessarily by the profits earned by the infringer. In the case of willful infringement, the definition of which is subjective, such damages may be increased up to three times. Moreover, because of the discount pricing typically involved with bioequivalent products, patented branded products generally realize a substantially higher profit margin than bioequivalent products. An adverse decision in any case involving an at-risk launch could have a material adverse effect on our financial position, results of operations and cash flows.

Other Litigation

The Company is involved in various other legal proceedings that are considered normal to its business, including but not limited to certain proceedings assumed as a result of the acquisition of the former Merck Generics business and Agila. While it is not possible to predict the ultimate outcome of such other proceedings, the ultimate outcome of any such proceeding is not currently expected to be material to the Company’s financial position, results of operations or cash flows.

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Debt

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt

Debt

Long-Term Debt

A summary of long-term debt is as follows:

(In millions)	Coupon		March 31, 2014		December 31, 2013
Revolving Facility			$	—	$	60.0
Cash Convertible Notes	3.750	%	2,066.8		1,828.3
2016 Senior Notes (a)	1.800	%	499.3		499.2
2016 Senior Notes (b)	1.350	%	499.7		499.7
2018 Senior Notes (c)	2.600	%	648.8		648.8
2018 Senior Notes (d)	6.000	%	810.7		811.4
2019 Senior Notes (a)	2.550	%	498.8		498.8
2020 Senior Notes (d)	7.875	%	1,011.7		1,012.0
2023 Senior Notes (a)	3.125	%	749.7		733.2
2023 Senior Notes (e)	4.200	%	498.1		498.1
2043 Senior Notes (e)	5.400	%	496.9		496.9
Other			0.1		0.1
Total long-term debt			$	7,780.6	$	7,586.5

____________ 

^(a) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.

^(b) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.125% plus, in each case, accrued and unpaid interest.

^(c)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.

^(d) Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.50% plus, in each case, accrued and unpaid interest.

^(e)  Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.

Exchange Offer

In June 2013, the Company issued $500 million aggregate principal amount of 1.800% Senior Notes due 2016 and $650 million aggregate principal amount of 2.600% Senior Notes due June 2018. These notes are the Company’s senior unsecured obligations and were issued to qualified institutional buyers in accordance with Rule 144A and to persons outside of the U.S. pursuant to Regulation S under the Securities Act in a private offering exempt from the registration requirements of the Securities Act.

In connection with the senior notes offering, the Company entered into a registration rights agreement with the initial purchasers of the senior notes. Pursuant to the registration rights agreement, the Company was obligated to use commercially reasonable efforts 1) to file a registration statement with respect to an offer to exchange senior notes (the “exchange offer”) for new notes with the same aggregate principal amount and terms substantially identical in all material respects and 2) to cause the exchange offer registration statement to be declared effective by the SEC under the Securities Act. The Company filed a registration statement with the SEC, which was declared effective on January 31, 2014 and the exchange offer was completed on March 4, 2014.

Cash Convertible Notes

Below is the summary of the components of the Cash Convertible Notes:

(In millions)	March 31, 2014			December 31, 2013			Balance Sheet Classification
Outstanding principal	$	574.0		$	574.0		Long-term debt
Equity component carrying amount	1,535.1			1,303.3			Long-term debt
Unamortized discount	(42.3		)	(49.0		)	Long-term debt
Net debt carrying amount	$	2,066.8		$	1,828.3
Purchased call options	$	1,535.1		$	1,303.3		Other assets

As of March 31, 2014, because the closing price of Mylan’s common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day in the March 31, 2014 period was more than 130% of the applicable conversion reference price of $13.32, the $574 million of Cash Convertible Notes were convertible. Although de minimis conversions have been requested, the Company’s experience is that convertible debentures are not normally converted by investors until close to their maturity date. Upon an investor’s election to convert, the Company is required to pay the full conversion value in cash. Should holders elect to convert, the Company intends to draw on its revolving credit facility to fund any principal payments. The amount payable per $1,000 notional bond would be calculated as the product of 1) the conversion reference rate (currently 75.0751) and 2) the average Daily Volume Weighted Average Price per share of common stock for a specified period following the conversion date. Any payment above the principal amount is matched by a convertible note hedge.

Receivables Facility

As of March 31, 2014 and December 31, 2013, the Company’s short-term borrowings under the Receivables Facility were $280 million and $374 million, respectively in the Condensed Consolidated Balance Sheets.

Fair Value

At March 31, 2014 and December 31, 2013, the fair value of the Senior Notes was approximately $5.89 billion and $5.85 billion, respectively. At March 31, 2014 and December 31, 2013, the fair value of the Cash Convertible Notes was approximately $2.11 billion and $1.88 billion, respectively. The fair values of the Senior Notes and Cash Convertible Notes were valued at quoted market prices from broker or dealer quotations and were classified as Level 2 in the fair value hierarchy.

Mandatory minimum repayments remaining on the outstanding borrowings under the Revolving Facility and notes at notional amounts at March 31, 2014 are as follows for each of the periods ending December 31:

(In millions)	Total
2014	$	—
2015	574.0
2016	1,000.0
2017	—
2018	1,450.0
Thereafter	3,250.0
Total	$	6,274.0

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Financial Instruments and Risk Management (Financial Assets and Liabilities Carried at Fair Value) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 94.7	$ 0
Trading securities	16.8	16.6
Foreign exchange derivative assets	3.2	6.4
Total assets at recurring fair value measurement	1,793.4	1,536.4
Foreign exchange derivative liabilities	8.8	58.5
Total liabilities at recurring fair value measurement	2,217.4	2,041.9
Purchased cash convertible note hedge
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value disclosures	1,535.1	1,303.0
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap derivative liabilities	0.4	15.8
Cash conversion feature of Cash Convertible Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value disclosures	1,535.1	1,303.0
Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	673.1	664.6
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	94.7	0
Equity securities — exchange traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	16.8	16.6
Available-for-sale fixed income investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	27.4	26.8
U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.7	12.8
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	11.1	10.7
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	13.2	0.7
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2.4	2.6
Total available-for-sale equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.1	0.2
Biosciences industry
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.1	0.2
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap derivative assets	116.1	183.4
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	94.7	0
Trading securities	16.8	16.6
Total assets at recurring fair value measurement	111.6	16.8
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	94.7	0
Level 1 | Equity securities — exchange traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	16.8	16.6
Level 1 | Total available-for-sale equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.1	0.2
Level 1 | Biosciences industry
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.1	0.2
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivative assets	3.2	6.4
Total assets at recurring fair value measurement	1,681.8	1,519.6
Foreign exchange derivative liabilities	8.8	58.5
Total liabilities at recurring fair value measurement	1,544.3	1,377.3
Level 2 | Purchased cash convertible note hedge
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value disclosures	1,535.1	1,303.0
Level 2 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap derivative liabilities	0.4	15.8
Level 2 | Cash conversion feature of Cash Convertible Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value disclosures	1,535.1	1,303.0
Level 2 | Available-for-sale fixed income investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	27.4	26.8
Level 2 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0.7	12.8
Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	11.1	10.7
Level 2 | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	13.2	0.7
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2.4	2.6
Level 2 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap derivative assets	116.1	183.4
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at recurring fair value measurement	673.1	664.6
Level 3 | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 673.1	$ 664.6

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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the three months endedMarch 31, 2014 are as follows:

(In millions)	Generics Segment		Specialty Segment			Total
Balance at December 31, 2013:
Goodwill	$	3,939.0	$	734.1		$	4,673.1
Accumulated impairment losses	—		(385.0		)	(385.0		)
	3,939.0		349.1			4,288.1
Purchase price allocation adjustment (1)	48.6		—			48.6
Foreign currency translation	22.9		—			22.9
	$	4,010.5	$	349.1		$	4,359.6
Balance at March 31, 2014:
Goodwill	$	4,010.5	$	734.1		$	4,744.6
Accumulated impairment losses	—		(385.0		)	(385.0		)
	$	4,010.5	$	349.1		$	4,359.6

____________

⁽¹⁾  See Note 3.

Intangible assets consist of the following components at March 31, 2014 and December 31, 2013:

(In millions)	Weighted Average Life (Years)	Original Cost		Accumulated Amortization		Net Book Value
March 31, 2014
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	95.1	$	21.5
Product rights and licenses	10	3,600.0		2,118.3		1,481.7
Other (1)	8	174.2		63.8		110.4
		3,890.8		2,277.2		1,613.6
In-process research and development		848.9		—		848.9
		$	4,739.7	$	2,277.2	$	2,462.5
December 31, 2013
Amortized intangible assets:
Patents and technologies	20	$	116.6	$	93.8	$	22.8
Product rights and licenses	10	3,559.5		2,018.1		1,541.4
Other (1)	8	174.0		59.4		114.6
		3,850.1		2,171.3		1,678.8
In-process research and development		839.1		—		839.1
		$	4,689.2	$	2,171.3	$	2,517.9

____________

⁽¹⁾  Other intangible assets consist principally of customer lists and contracts.

Amortization expense, which is classified primarily within cost of sales in the Condensed Consolidated Statements of Operations, for the three months endedMarch 31, 2014 and 2013, was $92.6 million and $91.5 million, respectively. Amortization expense is expected to be approximately $269 million for the remainder of 2014 and $351 million, $269 million, $224 million and $176 million for the years ended December 31, 2015 through 2018, respectively.

Indefinite-lived intangible assets, such as the Company’s IPR&D assets, are tested at least annually for impairment, but they may also be tested whenever certain impairment indicators are present. Impairment is determined to exist when the fair value is less than the carrying value of the assets being tested. During the three months endedMarch 31, 2013, the Company recorded impairment charges related to IPR&D assets of $5.1 million.

During the three months endedMarch 31, 2014 and 2013, approximately $6.9 million and $6.5 million, respectively, were reclassified from acquired IPR&D to product rights and licenses.

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Financial Instruments and Risk Management

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments and Risk Management

Financial Instruments and Risk Management

Mylan is exposed to certain financial risks relating to its ongoing business operations. The primary financial risks that are managed by using derivative instruments are foreign currency risk and interest rate risk.

Foreign Currency Risk Management

In order to manage foreign currency risk, Mylan enters into foreign exchange forward contracts to mitigate risk associated with changes in spot exchange rates of mainly non-functional currency denominated assets or liabilities. The foreign exchange forward contracts are measured at fair value and reported as current assets or current liabilities on the Condensed Consolidated Balance Sheets. Any gains or losses on the foreign exchange forward contracts are recognized in earnings in the period incurred in the Condensed Consolidated Statements of Operations.

The Company has also entered into forward contracts to hedge forecasted foreign currency denominated sales from certain international subsidiaries. These contracts are designated as cash flow hedges to manage foreign currency transaction risk and are measured at fair value and reported as current assets or current liabilities on the Condensed Consolidated Balance Sheets. Any changes in fair value are included in earnings or deferred through accumulated other comprehensive earnings (“AOCE”), depending on the nature and effectiveness of the offset.

Interest Rate Risk Management

The Company enters into interest rate swaps in order to manage interest rate risk associated with the Company’s fixed- and floating-rate debt. These derivative instruments are measured at fair value and reported as current assets or current liabilities in the Condensed Consolidated Balance Sheets.

The Company’s interest rate swaps designated as cash flow hedges fix the interest rate on a portion of the Company’s variable-rate debt or hedge part of the Company’s interest rate exposure associated with variability in future cash flows attributable to changes in interest rates. Any changes in fair value are included in earnings or deferred through AOCE, depending on the nature and effectiveness of the offset. Any ineffectiveness in a cash flow hedging relationship is recognized immediately in earnings in the Condensed Consolidated Statements of Operations.

The Company’s interest rate swaps designated as fair value hedges convert the fixed rate on a portion of the Company’s fixed-rate senior notes to a variable rate. These interest rate swaps designated as fair value hedges are measured at fair value and reported as assets or current liabilities in the Condensed Consolidated Balance Sheets. Any changes in the fair value of these derivative instruments, as well as the offsetting change in fair value of the portion of the fixed-rate debt being hedged, is included in interest expense.

Certain derivative instrument contracts entered into by the Company are governed by Master Agreements, which contain credit-risk-related contingent features that would allow the counterparties to terminate the contracts early and request immediate payment should the Company trigger an event of default on other specified borrowings.

The Company maintains significant credit exposure arising from the convertible note hedge on its Cash Convertible Notes. Holders may convert their Cash Convertible Notes subject to certain conversion provisions determined by a) the market price of the Company’s common stock, b) specified distributions to common shareholders, c) a fundamental change, as defined in the purchase agreement, or d) certain time periods specified in the purchase agreement. The conversion feature can only be settled in cash and, therefore, it is bifurcated from the Cash Convertible Notes and treated as a separate derivative instrument. In order to offset the cash flow risk associated with the cash conversion feature, the Company entered into a convertible note hedge with certain counterparties. Both the cash conversion feature and the purchased convertible note hedge are measured at fair value with gains and losses recorded in the Company’s Condensed Consolidated Statements of Operations. Also, in conjunction with the issuance of the Cash Convertible Notes, the Company entered into several warrant transactions with certain counterparties. The warrants meet the definition of derivatives; however, because these instruments have been determined to be indexed to the Company’s own common stock, and have been recorded in shareholders’ equity in the Company’s Condensed Consolidated Balance Sheets, the instruments are exempt from the scope of the FASB’s guidance regarding accounting for derivative instruments and hedging activities and are not subject to the fair value provisions set forth therein.

At March 31, 2014, the convertible note hedge had a total fair value of $1.54 billion, which reflects the maximum loss that would be incurred should the parties fail to perform according to the terms of the contract. The counterparties are highly rated diversified financial institutions with both commercial and investment banking operations. The counterparties are required to post collateral against this obligation should they be downgraded below thresholds specified in the contract. Eligible collateral is comprised of a wide range of financial securities with a valuation discount percentage reflecting the associated risk.

The Company regularly reviews the creditworthiness of its financial counterparties and does not expect to incur a significant loss from failure of any counterparties to perform under any agreements.

The Company records all derivative instruments on a gross basis in the Condensed Consolidated Balance Sheets. Accordingly, there are no offsetting amounts that net assets against liabilities. The asset and liability balances presented in the tables below reflect the gross amounts of derivatives recorded in the Company’s Condensed Consolidated Financial Statements.

Fair Values of Derivative Instruments

Derivatives Designated as Hedging Instruments

	Asset Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Prepaid expenses and other current assets	$	61.1	Prepaid expenses and other current assets	$	90.3
Interest rate swaps	Other assets	55.0		Other assets	93.1
Total		$	116.1		$	183.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swaps	Other current liabilities	$	0.4	Other current liabilities	$	15.8
Foreign currency forward contracts	Other current liabilities	4.3		Other current liabilities	53.1
Total		$	4.7		$	68.9

Fair Values of Derivative Instruments

Derivatives Not Designated as Hedging Instruments

	Asset Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$	3.2	Prepaid expenses and other current assets	$	6.4
Purchased cash convertible note hedge	Other assets	1,535.1		Other assets	1,303.0
Total		$	1,538.3		$	1,309.4

	Liability Derivatives
	March 31, 2014			December 31, 2013
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign currency forward contracts	Other current liabilities	$	4.5	Other current liabilities	$	5.4
Cash conversion feature of Cash Convertible Notes	Long-term debt	1,535.1		Long-term debt	1,303.0
Total		$	1,539.6		$	1,308.4

The Effect of Derivative Instruments on theCondensed 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 millions)			Three Months Ended
			March 31,
			2014		2013
Interest rate swaps	Interest expense		$	24.1	$	(1.8	)
Total			$	24.1	$	(1.8	)

	Location of (Loss) or Gain Recognized in Earnings on Hedged Items	Amount of (Loss) or Gain Recognized in Earnings on Hedged Items
(In millions)			Three Months Ended
			March 31,
			2014			2013
2018 Senior Notes (6.000% coupon)	Interest expense		$	1.1		$	5.3
2023 Senior Notes (3.125% coupon)	Interest expense		(16.5		)	—
Total			$	(15.4	)	$	5.3

The Effect of Derivative Instruments on theCondensed Consolidated Statements of Operations

Derivatives in Cash Flow Hedging Relationships

	Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)
	Three Months Ended
	March 31,
(In millions)	2014			2013
Foreign currency forward contracts	$	(50.9	)	$	4.7
Interest rate swaps	(42.5		)	4.7
Total	$	(93.4	)	$	9.4

	Location of Loss Reclassified from AOCE into Earnings (Effective Portion)	Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)
			Three Months Ended
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Net sales		$	(77.7	)	$	(9.1	)
Interest rate swaps	Interest expense		(0.2		)	(0.7		)
Total			$	(77.9	)	$	(9.8	)

	Location of Gain Excluded from the Assessment of Hedge Effectiveness	Amount of Gain Excluded from the Assessment of Hedge Effectiveness
			Three Months Ended
			March 31,
(In millions)			2014		2013
Foreign currency forward contracts	Other (expense) income, net		$	86.4	$	8.1
Total			$	86.4	$	8.1

At March 31, 2014, the Company expects that approximately $32 million of pre-tax net losses on cash flow hedges will be reclassified from AOCE into earnings during the next 12 months.

The Effect of Derivative Instruments on theCondensed 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
			March 31,
(In millions)			2014			2013
Foreign currency forward contracts	Other (expense) income, net		$	4.6		$	(11.2	)
Cash conversion feature of Cash Convertible Notes	Other (expense) income, net		(231.8		)	(55.3		)
Purchased cash convertible note hedge	Other (expense) income, net		231.8			55.3
Total			$	4.6		$	(11.2	)

Fair Value Measurement

Fair value is based on the price that would be received from the sale of an identical asset or paid to transfer an identical liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, a fair value hierarchy has been established that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

• Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

• Level 2: Observable market-based inputs other than quoted prices in active markets for identical assets or liabilities.

• Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as considers counterparty credit risk in its assessment of fair value.

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

	March 31, 2014
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	94.7	$	—	$	—	$	94.7
Total cash equivalents	94.7		—		—		94.7
Trading securities:
Equity securities — exchange traded funds	16.8		—		—		16.8
Total trading securities	16.8		—		—		16.8
Available-for-sale fixed income investments:
U.S. Treasuries	—		0.7		—		0.7
Corporate bonds	—		11.1		—		11.1
Agency mortgage-backed securities	—		13.2		—		13.2
Other	—		2.4		—		2.4
Total available-for-sale fixed income investments	—		27.4		—		27.4
Available-for-sale equity securities:
Biosciences industry	0.1		—		—		0.1
Total available-for-sale equity securities	0.1		—		—		0.1
Foreign exchange derivative assets	—		3.2		—		3.2
Interest rate swap derivative assets	—		116.1		—		116.1
Purchased cash convertible note hedge	—		1,535.1		—		1,535.1
Total assets at recurring fair value measurement	$	111.6	$	1,681.8	$	—	$	1,793.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	8.8	$	—	$	8.8
Interest rate swap derivative liabilities	—		0.4		—		0.4
Cash conversion feature of Cash Convertible Notes	—		1,535.1		—		1,535.1
Contingent consideration	—		—		673.1		673.1
Total liabilities at recurring fair value measurement	$	—	$	1,544.3	$	673.1	$	2,217.4

	December 31, 2013
(In millions)	Level 1		Level 2		Level 3		Total
Recurring fair value measurements
Financial Assets
Cash equivalents:
Money market funds	$	—	$	—	$	—	$	—
Total cash equivalents	—		—		—		—
Trading securities:
Equity securities — exchange traded funds	16.6		—		—		16.6
Total trading securities	16.6		—		—		16.6
Available-for-sale fixed income investments:
U.S. Treasuries	—		12.8		—		12.8
Corporate bonds	—		10.7		—		10.7
Agency mortgage-backed securities	—		0.7		—		0.7
Other	—		2.6		—		2.6
Total available-for-sale fixed income investments	—		26.8		—		26.8
Available-for-sale equity securities:
Biosciences industry	0.2		—		—		0.2
Total available-for-sale equity securities	0.2		—		—		0.2
Foreign exchange derivative assets	—		6.4		—		6.4
Interest rate swap derivative assets	—		183.4		—		183.4
Purchased cash convertible note hedge	—		1,303.0		—		1,303.0
Total assets at recurring fair value measurement	$	16.8	$	1,519.6	$	—	$	1,536.4
Financial Liabilities
Foreign exchange derivative liabilities	$	—	$	58.5	$	—	$	58.5
Interest rate swap derivative liabilities	—		15.8		—		15.8
Cash conversion feature of Cash Convertible Notes	—		1,303.0		—		1,303.0
Contingent consideration	—		—		664.6		664.6
Total liabilities at recurring fair value measurement	$	—	$	1,377.3	$	664.6	$	2,041.9

For financial assets and liabilities that utilize Level 2 inputs, the Company utilizes both direct and indirect observable price quotes, including the LIBOR yield curve, foreign exchange forward prices and bank price quotes. Below is a summary of valuation techniques for Level 1 and Level 2 financial assets and liabilities:

• Cash equivalents — valued at observable net asset value prices.

• Trading securities — valued at the active quoted market price from broker or dealer quotations or transparent pricing sources at the reporting date.

• Available-for-sale fixed income investments — valued at the quoted market price from broker or dealer quotations or transparent pricing sources at the reporting date.

• Available-for-sale equity securities — valued using quoted stock prices from the London Exchange at the reporting date and translated to U.S. Dollars at prevailing spot exchange rates.

• Interest rate swap derivative assets and liabilities — valued using the LIBOR/EURIBOR yield curves at the reporting date. Counterparties to these contracts are highly rated financial institutions.

• Foreign exchange derivative assets and liabilities — valued using quoted forward foreign exchange prices at the reporting date. Counterparties to these contracts are highly rated financial institutions.

• Cash conversion feature of cash convertible notes and purchased convertible note hedge — valued using quoted prices for the Company’s cash convertible notes, its implied volatility and the quoted yield on the Company’s other long-term debt at the reporting date. Counterparties to the purchased convertible note hedge are highly rated financial institutions.

The fair value measurement of contingent consideration is determined using Level 3 inputs. The Company’s contingent consideration represents a component of the total purchase consideration for the respiratory delivery platform, the Agila acquisition and certain other acquisitions. The measurement is calculated using unobservable inputs based on the Company’s own assumptions. For the respiratory platform and certain other acquisitions, significant unobservable inputs in the valuation include the probability and timing of future development and commercial milestones and future profit sharing payments. A discounted cash flow method was used to value contingent consideration at March 31, 2014 and December 31, 2013, which was calculated as the present value of the estimated future net cash flows using a market rate of return. Discount rates ranging from 0.7% to 11.1% were utilized in the valuation. For the contingent consideration related to the Agila acquisition, significant unobservable inputs in the valuation include the probability of future payments to the seller of amounts withheld at the closing date. Significant changes in unobservable inputs could result in material changes to the contingent consideration liability. During the three months endedMarch 31, 2014 and March 31, 2013, accretion of $8.4 million and $7.7 million was recorded in interest expense. A fair value adjustment to decrease the liability by approximately $1.9 million during the three months endedMarch 31, 2013, was recorded as a component of selling, general and administrative (“SG&A”) expense.

Although the Company has not elected the fair value option for financial assets and liabilities, any future transacted financial asset or liability will be evaluated for the fair value election.

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Comprehensive Earnings

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Comprehensive Earnings

Comprehensive Earnings

Accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets, is comprised of the following:

(In millions)	March 31, 2014			December 31, 2013
Accumulated other comprehensive loss:
Net unrealized gains on marketable securities, net of tax	$	0.3		$	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7		)	(8.7		)
Net unrecognized gains on derivatives, net of tax	69.3			84.8
Foreign currency translation adjustment	(219.3		)	(316.5		)
	$	(159.4	)	$	(240.1	)

Components of accumulated other comprehensive loss, before tax, consist of the following, for the three months endedMarch 31, 2014 and 2013:

	Three Months Ended March 31, 2014
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities		Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2013, net of tax					$	84.8		$	0.3	$	(8.7	)	$	(316.5	)	$	(240.1	)
Other comprehensive earnings (loss) before reclassifications, before tax					(105.3		)	—		(1.7		)	97.2			(9.8		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Gain (loss) on foreign exchange forward contracts classified as cash flow hedges, included in net sales	(77.7	)			(77.7		)									(77.7		)
Gain (loss) on interest rate swaps classified as cash flow hedges, included in interest expense			(0.2	)	(0.2		)									(0.2		)
Amortization of actuarial gain (loss) included in SG&A expenses										(0.2		)				(0.2		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(77.9		)	—		(0.2		)	—			(78.1		)
Net other comprehensive earnings (loss), before tax					(27.4		)	—		(1.5		)	97.2			68.3
Income tax provision					11.9			—		0.5			—			12.4
Balance at March 31, 2014, net of tax					$	69.3		$	0.3	$	(9.7	)	$	(219.3	)	$	(159.4	)

	Three Months Ended March 31, 2013
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities			Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2012, net of tax					$	(30.8	)	$	1.0		$	(13.9	)	$	(42.8	)	$	(86.5	)
Other comprehensive (loss) earnings before reclassifications, before tax					16.0			(0.3		)	—			(140.4		)	(124.7		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Loss on foreign exchange forward contracts classified as cash flow hedges, included in net revenues	(9.1	)			(9.1		)										(9.1		)
Loss on interest rate swaps classified as cash flow hedges, included in interest expense			(0.7	)	(0.7		)										(0.7		)
Amortization of actuarial gain (loss) included in SG&A expenses											(0.3		)				(0.3		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(9.8		)	—			(0.3		)	—			(10.1		)
Net other comprehensive earnings (loss), before tax					25.8			(0.3		)	0.3			(140.4		)	(114.6		)
Income tax (benefit) provision					(7.3		)	0.1			(0.1		)	—			(7.3		)
Balance at March 31, 2013, net of tax					$	(12.3	)	$	0.8		$	(13.7	)	$	(183.2	)	$	(208.4	)

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Debt (Summary of Cash Convertible Notes) (Details) (Cash Convertible Notes, USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Sep. 15, 2008
Convertible Debt
Debt Instrument [Line Items]
Outstanding principal	$ 574.0	$ 574.0	$ 575.0
Equity component carrying amount	1,535.1	1,303.3
Unamortized discount	(42.3)	(49.0)
Net debt carrying amount	2,066.8	1,828.3
Call Options
Debt Instrument [Line Items]
Purchased call options	$ 1,535.1	$ 1,303.3

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Debt (Fair Value) (Narrative) (Details) (USD $) In Billions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Senior Notes
Debt Instrument [Line Items]
Fair value of long-term debt	$ 5.89	$ 5.85
Convertible Debt | Convertible Notes Payable
Debt Instrument [Line Items]
Fair value of long-term debt	$ 2.11	$ 1.88

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Debt (Cash Convertible Notes) (Narrative) (Details) (Cash Convertible Notes, USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Sep. 15, 2008
Debt Instrument [Line Items]
Trading days	20 days
Consecutive trading days	30 days
Convertible Debt
Debt Instrument [Line Items]
Ratio of observed share price to conversion reference price	130.00%
Conversion reference price	$ 13.32
Outstanding principal	$ 574,000,000	$ 574,000,000	$ 575,000,000
Reference principal amount	$ 1,000
Conversion reference rate, per reference principal amount	75.0751

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Comprehensive Earnings (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets, is comprised of the following:

(In millions)	March 31, 2014			December 31, 2013
Accumulated other comprehensive loss:
Net unrealized gains on marketable securities, net of tax	$	0.3		$	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7		)	(8.7		)
Net unrecognized gains on derivatives, net of tax	69.3			84.8
Foreign currency translation adjustment	(219.3		)	(316.5		)
	$	(159.4	)	$	(240.1	)

Components of Other Comprehensive Loss

Components of accumulated other comprehensive loss, before tax, consist of the following, for the three months endedMarch 31, 2014 and 2013:

	Three Months Ended March 31, 2014
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities		Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2013, net of tax					$	84.8		$	0.3	$	(8.7	)	$	(316.5	)	$	(240.1	)
Other comprehensive earnings (loss) before reclassifications, before tax					(105.3		)	—		(1.7		)	97.2			(9.8		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Gain (loss) on foreign exchange forward contracts classified as cash flow hedges, included in net sales	(77.7	)			(77.7		)									(77.7		)
Gain (loss) on interest rate swaps classified as cash flow hedges, included in interest expense			(0.2	)	(0.2		)									(0.2		)
Amortization of actuarial gain (loss) included in SG&A expenses										(0.2		)				(0.2		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(77.9		)	—		(0.2		)	—			(78.1		)
Net other comprehensive earnings (loss), before tax					(27.4		)	—		(1.5		)	97.2			68.3
Income tax provision					11.9			—		0.5			—			12.4
Balance at March 31, 2014, net of tax					$	69.3		$	0.3	$	(9.7	)	$	(219.3	)	$	(159.4	)

	Three Months Ended March 31, 2013
	Gains and Losses on Derivatives in Cash Flow Hedging Relationships							Gains and Losses on Marketable Securities			Defined Benefit Plan Items			Foreign Currency Translation Adjustment			Totals
(In millions)	Foreign currency forward contracts		Interest rate swaps		Total
Balance at December 31, 2012, net of tax					$	(30.8	)	$	1.0		$	(13.9	)	$	(42.8	)	$	(86.5	)
Other comprehensive (loss) earnings before reclassifications, before tax					16.0			(0.3		)	—			(140.4		)	(124.7		)
Amounts reclassified from accumulated other comprehensive loss, before tax:
Loss on foreign exchange forward contracts classified as cash flow hedges, included in net revenues	(9.1	)			(9.1		)										(9.1		)
Loss on interest rate swaps classified as cash flow hedges, included in interest expense			(0.7	)	(0.7		)										(0.7		)
Amortization of actuarial gain (loss) included in SG&A expenses											(0.3		)				(0.3		)
Amounts reclassified from accumulated other comprehensive loss, before tax					(9.8		)	—			(0.3		)	—			(10.1		)
Net other comprehensive earnings (loss), before tax					25.8			(0.3		)	0.3			(140.4		)	(114.6		)
Income tax (benefit) provision					(7.3		)	0.1			(0.1		)	—			(7.3		)
Balance at March 31, 2013, net of tax					$	(12.3	)	$	0.8		$	(13.7	)	$	(183.2	)	$	(208.4	)

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Goodwill and Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 92.6	$ 91.5
Expected amortization expense, remainder of 2014	269
Expected amortization expense, 2015	351
Expected amortization expense, 2016	269
Expected amortization expense, 2017	224
Expected amortization expense, 2018	176
Impairment charges, in-process research and development		5.1
Acquired in-process research and development assets reclassified to amortizable intangible assets	$ 6.9	$ 6.5

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Revenue Recognition and Accounts Receivable (Policies)

3 Months Ended

Mar. 31, 2014

Accounts Receivable, Net [Abstract]

Revenue Recognition Policy

Mylan recognizes net sales when title and risk of loss pass to its customers and when provisions for estimates, including discounts, sales allowances, price adjustments, returns, chargebacks and other promotional programs are reasonably determinable. Accounts receivable are presented net of allowances relating to these provisions.

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Contingencies (Policies)

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Legal Costs Policy

Legal costs are recorded as incurred and are classified in SG&A expenses in the Company’s Condensed Consolidated Statements of Operations.

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Earnings per Common Share Attributable to Mylan Inc. (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Sep. 30, 2011 Old warrants	Sep. 15, 2008 Old warrants	Sep. 15, 2008 Old warrants Maximum	Sep. 30, 2011 New warrants	Mar. 31, 2014 Convertible Debt Cash Convertible Notes	Dec. 31, 2013 Convertible Debt Cash Convertible Notes	Sep. 15, 2008 Convertible Debt Cash Convertible Notes
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Principal amount of debt instrument							$ 574.0	$ 574.0	$ 575.0
Warrant, number of shares of common stock called by warrants					43.2
Warrants issued, exercise price per share				20.00		30.00
Number of warrants exchanged			41.0
Weighted average number diluted shares outstanding adjustment, stock-based awards and warrants	16.9	0.7
Anti-dilutive stock options or restricted stock awards excluded from computation of earnings per share	2.5	2.3

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Stock-Based Incentive Plan (Narrative) (Details) (Long-Term Incentive Plan 2003, USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares reserved for issuance to employees	55,300,000
Total unrecognized compensation expense, net of estimated forfeitures	$ 171.9
Weighted-average period over which total unrecognized compensation expense expected to be recognized, in years	3 years 3 months 28 days
Intrinsic value of stock-based awards exercised and restricted stock units converted	96.3	41.5
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option award expiration period, in years	10 years
Average remaining contractual term for stock awards outstanding, in years	7 years 5 months 5 days
Average remaining contractual term for stock awards vested and expected to vest, in years	7 years 4 months 20 days
Average remaining contractual term for stock awards exercisable, in years	5 years 5 months 25 days
Aggregate intrinsic value for stock awards outstanding	327.7
Aggregate intrinsic value for stock awards vested and expected to vest	315.3
Aggregate intrinsic value for stock awards exercisable	$ 249.0
Minimum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option award vesting period, in years	3 years
Maximum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option award vesting period, in years	4 years
2014 Program | Stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in the current period	4,400,000
2014 Program | Performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in the current period	1,500,000

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Common stock, par value, in USD per share	$ 0.5	$ 0.5
Common stock, number of shares authorized	1,500,000,000	1,500,000,000
Common stock, number of shares issued	545,100,341	543,978,030
Treasury stock, number of shares	171,634,634	172,373,900

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Stock-Based Incentive Plan

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Incentive Plan

Stock-Based Incentive Plan

Mylan’s shareholders have approved the 2003 Long-Term Incentive Plan (as amended, the “2003 Plan”). Under the 2003 Plan, 55,300,000 shares of common stock are reserved for issuance to key employees, consultants, independent contractors and non-employee directors of Mylan through a variety of incentive awards, including: stock options, stock appreciation rights (“SAR”), restricted shares and units, performance awards (“PSU”), other stock-based awards and short-term cash awards. Stock option awards are granted at the fair value of the shares underlying the options at the date of the grant, generally become exercisable over periods ranging from three to four years, and generally expire in ten years. Upon approval of the 2003 Plan, no further grants of stock options have been made under any other plan.

In February 2014, Mylan’s Compensation Committee and the independent members of the Board of Directors adopted the One-Time Special Performance-Based Five-Year Realizable Value Incentive Program (the “2014 Program”) under the 2003 Plan. Under the 2014 Program, certain key employees received a one-time, performance-based incentive award (the “Awards”) either in the form of a grant of SAR or PSU. The Awards were granted in February 2014 and contain a five-year cliff-vesting feature based on the achievement of various performance targets, external market conditions and the employee’s continued services.

The following table summarizes stock option and SAR (“stock awards”) activity:

	Number of Shares Under Stock Awards		Weighted Average Exercise Price per Share
Outstanding at December 31, 2013	13,563,881		$	22.05
Granted	5,350,684		52.84
Exercised	(1,133,171	)	19.62
Forfeited	(167,209	)	26.72
Outstanding at March 31, 2014	17,614,185		$	31.54
Vested and expected to vest at March 31, 2014	16,933,782		$	31.55
Exercisable at March 31, 2014	8,592,857		$	19.85

As of March 31, 2014, stock awards outstanding, stock awards vested and expected to vest and stock awards exercisable had average remaining contractual terms of 7.43 years, 7.39 years and 5.49 years, respectively. Also, at March 31, 2014, stock awards outstanding, stock awards vested and expected to vest and stock awards exercisable had aggregate intrinsic values of $327.7 million, $315.3 million and $249.0 million respectively.

A summary of the status of the Company’s nonvested restricted stock and restricted stock unit awards, including PSUs, as of March 31, 2014 and the changes during the three months endedMarch 31, 2014 are presented below:

	Number of Restricted Stock Awards		Weighted  Average Grant-Date Fair Value per  Share
Nonvested at December 31, 2013	3,321,836		$	27.13
Granted	2,035,060		40.21
Released	(1,108,362	)	25.34
Forfeited	(111,249	)	27.14
Nonvested at March 31, 2014	4,137,285		$	34.06

As of March 31, 2014, the Company had $171.9 million of total unrecognized compensation expense, net of estimated forfeitures, related to all of its stock-based awards, which will be recognized over the remaining weighted average vesting period of 3.33 years. The total intrinsic value of stock-based awards exercised and restricted stock units converted during the three months endedMarch 31, 2014 and 2013 was $96.3 million and $41.5 million, respectively.

Under the 2014 Program, approximately 4.4 million SARs and 1.5 million PSUs were granted. The fair value of the Awards were determined using a Monte Carlo simulation as both the SARs and PSUs contain the same performance and market conditions. The Monte Carlo simulation involves a series of random trials that result in different future stock price paths over the contractual life of the SAR or PSU based on appropriate probability distributions. Conditions are imposed on each Monte Carlo simulation to determine the extent to which the performance conditions would have been met, and therefore the extent to which the Awards would have vested, for the particular stock price path. Once the Company determines that it is probable that the performance targets will be met, compensation expense is recorded for these awards. Each SAR or PSU is equal to one common share with the maximum value of each Award upon vesting subject to varying limitations.

The key assumptions used in the valuation of the Awards are as follows:

	2014
Volatility	29.4		%
Risk-free interest rate	1.6		%
Expected term (years)	5.0
Forfeiture rate	5.5		%
Weighted average grant date fair value per stock appreciation right	$	9.43
Weighted average grant date fair value per performance award	$	34.58

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Financial Instruments and Risk Management (Effect Of Derivative Instruments on the Condensed Consolidated Statements of Operations Derivatives in Cash Flow Hedging Relationships) (Details) (Cash Flow Hedging Relationships, USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)	$ (93.4)	$ 9.4
Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)	(77.9)	(9.8)
Amount of Gain Excluded from the Assessment of Hedge Effectiveness	86.4	8.1
Foreign currency forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)	(50.9)	4.7
Foreign currency forward contracts | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)	(77.7)	(9.1)
Foreign currency forward contracts | Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Excluded from the Assessment of Hedge Effectiveness	86.4	8.1
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivative (Effective Portion)	(42.5)	4.7
Interest rate swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)	$ (0.2)	$ (0.7)

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Comprehensive Earnings (Components Of Other Comprehensive Loss) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrecognized gains (losses) on derivatives, net of tax, beginning of period	$ 84.8
Net unrealized gains on marketable securities, net of tax, beginning of period	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7)		(8.7)
Foreign currency translation adjustment, beginning of period	(316.5)
Accumulated other comprehensive loss, net of tax, beginning of period	(240.1)
Net sales	1,703.0	1,619.4
Interest expense	(82.7)	(78.0)
Net other comprehensive earnings (loss) on derivatives, before tax	(151.7)	(139.2)
Other comprehensive earnings (loss), before tax	68.3	(114.6)
Income tax (benefit) provision	(35.1)	(31.7)
Net unrecognized gains (losses) on derivatives, net of tax, end of period	69.3
Net unrealized gains on marketable securities, net of tax, end of period	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax, end of period	(9.7)		(8.7)
Foreign currency translation adjustment, end of period	(219.3)
Accumulated other comprehensive loss, net of tax, end of period	(159.4)
Stock compensation expense	15.4	12.1
Gains and Losses on Derivatives in Cash Flow Hedging Relationships
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrecognized gains (losses) on derivatives, net of tax, beginning of period	84.8	(30.8)
Other comprehensive earnings (loss) before reclassifications, before tax	(105.3)	16.0
Other comprehensive earnings (loss), before tax	(27.4)	25.8
Net unrecognized gains (losses) on derivatives, net of tax, end of period	69.3	(12.3)
Gains and Losses on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gains on marketable securities, net of tax, beginning of period	0.3	1.0
Other comprehensive earnings (loss) before reclassifications, before tax	0	(0.3)
Other comprehensive earnings (loss), before tax		(0.3)
Net unrealized gains on marketable securities, net of tax, end of period	0.3	0.8
Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax	(9.7)	(13.7)	(8.7)	(13.9)
Other comprehensive earnings (loss) before reclassifications, before tax	(1.7)	0
Other comprehensive earnings (loss), before tax	(1.5)	0.3
Net unrecognized losses and prior service cost related to defined benefit plans, net of tax, end of period	(9.7)	(13.7)	(8.7)	(13.9)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment, beginning of period	(316.5)	(42.8)
Other comprehensive earnings (loss) before reclassifications, before tax	97.2	(140.4)
Other comprehensive earnings (loss), before tax	97.2	(140.4)
Foreign currency translation adjustment, end of period	(219.3)	(183.2)
Accumulated Other Comprehensive Earnings (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, net of tax, beginning of period	(240.1)	(86.5)
Other comprehensive earnings (loss) before reclassifications, before tax	(9.8)	(124.7)
Other comprehensive earnings (loss), before tax	68.3	(114.6)
Accumulated other comprehensive loss, net of tax, end of period	(159.4)	(208.4)
Reclassification out of Accumulated Other Comprehensive Earnings | Gains and Losses on Derivatives in Cash Flow Hedging Relationships
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net other comprehensive earnings (loss) on derivatives, before tax	(77.9)	(9.8)
Income tax (benefit) provision	11.9	(7.3)
Reclassification out of Accumulated Other Comprehensive Earnings | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | Foreign currency forward contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	(77.7)	(9.1)
Reclassification out of Accumulated Other Comprehensive Earnings | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense	(0.2)	(0.7)
Reclassification out of Accumulated Other Comprehensive Earnings | Gains and Losses on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax (benefit) provision		0.1
Reclassification out of Accumulated Other Comprehensive Earnings | Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), reclassification adjustment from AOCE, pension and other postretirement benefit plans, for net gain (loss), before tax	(0.2)	(0.3)
Net other comprehensive earnings (loss) on derivatives, before tax	(0.2)	(0.3)
Income tax (benefit) provision	0.5	(0.1)
Reclassification out of Accumulated Other Comprehensive Earnings | Accumulated Other Comprehensive Earnings (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), reclassification adjustment from AOCE, pension and other postretirement benefit plans, for net gain (loss), before tax	(0.2)
Net other comprehensive earnings (loss) on derivatives, before tax	(78.1)	(10.1)
Income tax (benefit) provision	12.4	(7.3)
Reclassification out of Accumulated Other Comprehensive Earnings | Accumulated Other Comprehensive Earnings (Loss) | Foreign currency forward contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	(77.7)	(9.1)
Reclassification out of Accumulated Other Comprehensive Earnings | Accumulated Other Comprehensive Earnings (Loss) | Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense	$ (0.2)	$ (0.7)

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Acquisitions (Tables) (Agila Specialties)

3 Months Ended

Mar. 31, 2014

Agila Specialties

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The preliminary allocation of the $1.43 billion purchase price to the assets acquired and liabilities assumed for Agila is as follows:

(In millions)	Preliminary Purchase Price Allocation as of December 4, 2013 (a)			Measurement Period Adjustments (b)			Preliminary Purchase Price Allocation as of March 31, 2014 (as adjusted)
Current assets (excluding inventories)	$	39.0		$	6.5		$	45.5
Inventories	45.1			(7.8		)	37.3
Property, plant and equipment	143.8			2.4			146.2
Identified intangible assets	280.0			—			280.0
In-process research and development	436.0			—			436.0
Other assets (including equity method investment)	153.4			(0.6		)	152.8
Goodwill	884.2			48.6			932.8
Total assets acquired	1,981.5			49.1			2,030.6
Current liabilities	(234.7		)	(7.3		)	(242.0		)
Deferred tax liabilities	(193.2		)	(38.0		)	(231.2		)
Other non-current liabilities	(119.9		)	(3.8		)	(123.7		)
Net assets acquired	$	1,433.7		$	—		$	1,433.7

____________

^(a)    As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

^(b)  The measurement period adjustments are related to 1) certain working capital adjustments to reflect facts and circumstances existing as of the acquisition date and; 2) adjustments related to deferred taxes to reflect the allocation of assets and liabilities to various legal entities. These adjustments did not have a significant impact on the Company’s previously reported consolidated financial statements and accordingly, the Company has not retrospectively adjusted those financial statements.

Business Acquisition, Pro Forma Information for Agila Acquisition

The following table presents supplemental unaudited pro forma information as if the acquisition of Agila had occurred on January 1, 2012. The unaudited pro forma results reflect certain adjustments related to past operating performance and acquisition accounting adjustments, such as increased amortization expense based on the fair valuation of assets acquired, the impact of acquisition financing, and the related income tax effects. The unaudited pro forma results do not include any anticipated synergies which may be achievable subsequent to the acquisition date. Accordingly, the unaudited pro forma results are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on January 1, 2012, nor are they indicative of the future operating results of the combined company.

	Three months ended
(In millions, except per share amounts)	March 31, 2013
Total revenues	$	1,693.9
Net earnings attributable to Mylan Inc. common shareholders	$	84.0
Earnings per common share attributable to Mylan Inc. common shareholders
Basic	$	0.21
Diluted	$	0.21
Weighted average common shares outstanding:
Basic	393.2
Diluted	399.0

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Contingencies (Pricing and Medicaid Litigation) (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Other current liabilities	$ 1,249,300,000	$ 1,389,400,000
Pricing and Medicaid Litigation
Loss Contingencies [Line Items]
Loss contingency accrual	56,000,000	56,000,000
Loss contingency accrual, payments	0
Pricing and Medicaid Litigation | Mylan Specialty | Indemnification agreement
Loss Contingencies [Line Items]
Other current liabilities	$ 63,300,000
Pricing and Medicaid Litigation | New York | Counties
Loss Contingencies [Line Items]
Number of plaintiffs	40

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Acquisitions (Agila Specialties) (Narrative) (Details) (USD $)	3 Months Ended			0 Months Ended		3 Months Ended		0 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 04, 2013 Agila Specialties		Mar. 31, 2014 Agila Specialties	Dec. 04, 2013 Agila Specialties Equity method investments	Dec. 04, 2013 Agila Specialties Product rights and licenses	Dec. 04, 2013 Agila Specialties Customer relationships	Dec. 04, 2013 Agila Specialties Maximum
Business Acquisition [Line Items]
Acquisition purchase price				$ 1,430,000,000
Purchase consideration, cash paid	0	32,100,000		3,400,000
Purchase consideration, contingent consideration				250,000,000
Purchase consideration, contingent consideration, maximum										461,000,000
Rate used to discount net cash inflows to present value				13.00%
Research and development in process, expect completion cost				50,000,000
Identified intangible assets				280,000,000	[1]	280,000,000		221,000,000	59,000,000
Acquired intangible assets, weighted average useful life, in years								8 years	5 years
Equity method investment				153,400,000	[1]	152,800,000	125,000,000
Equity method investment, ownership percentage							50.00%
Payments to acquire certain commercialization rights						120,000,000
Purchase price allocation, goodwill	4,359,600,000		4,288,100,000	884,200,000	[1]	932,800,000
Amount of goodwill expected to be tax deductible						$ 0

[1] (a) As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

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General (Policies)

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Accounting Policy

The accompanying unaudited Condensed Consolidated Financial Statements (“interim financial statements”) of Mylan Inc. and subsidiaries (“Mylan” or the “Company”) were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q; therefore, as permitted under these rules, certain footnotes and other financial information included in audited financial statements were condensed or omitted. The interim financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the interim results of operations, comprehensive earnings, financial position and cash flows for the periods presented.