Stock-based Compensation Expense and Share Repurchase Programs (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense by Line Item

During the three months ended March 31, 2022 and 2021, we recognized the following stock-based compensation expense:

	Three Months Ended March 31,
	2022		2021
	(in millions)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs)	$	118.2	$	100.8
Stock options	5.5		10.6
ESPP share issuances	6.8		5.6
Stock-based compensation expense related to inventories	(0.2)		(1.8)
Total stock-based compensation expense included in costs and expenses	$	130.3	$	115.2
Stock-based compensation expense by line item:
Cost of sales	$	2.2	$	1.4
Research and development expenses	80.4		72.8
Selling, general and administrative expenses	47.7		41.0
Total stock-based compensation expense included in costs and expenses	130.3		115.2
Income tax effect	(36.0)		(31.3)
Total stock-based compensation expense, net of tax	$	94.3	$	83.9