Additional Balance Sheet Detail

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

“Prepaid expenses and other current assets” consisted of the following:


	As of December 31,
	2022		2021
	(in millions)
Tax related prepaid and receivables	$	319.8	$	358.6
Prepaid expenses	111.8		83.5
Fair value of cash flow hedges	47.5		44.5
Other	74.4		59.2
Total	$	553.5	$	545.8

“Accrued expenses” consisted of the following:


	As of December 31,
	2022		2021
	(in millions)
Product revenue accruals	$	1,300.8	$	847.4
Payroll and benefits	246.5		191.3
Research, development and commercial contract costs	198.7		171.6
Royalty payable	215.0		200.4
Tax related accruals	123.3		211.3
Other	42.4		56.6
Total	$	2,126.7	$	1,678.6

“Other current liabilities” consisted of the following:


	As of December 31,
	2022		2021
	(in millions)
Contract liabilities	$	159.6	$	171.7
Finance lease liabilities	40.8		46.9
Operating lease liabilities	48.6		33.3
Other	62.5		16.5
Total	$	311.5	$	268.4

“Other long-term liabilities” consisted of the following:


	As of December 31,
	2022		2021
	(in millions)
Tax related liabilities	$	452.8	$	—
Contingent consideration	114.4		186.5
Other	118.6		116.8
Total	$	685.8	$	303.3

Cash, Cash Equivalents and Restricted Cash Presented in Consolidated Statements of Cash Flows

The cash, cash equivalents and restricted cash balances at the beginning and ending of each period presented in our consolidated statements of cash flows consisted of the following:


	As of December 31,
	2022		2021		2020		2019
	(in millions)
Cash and cash equivalents	$	10,504.0	$	6,795.0	$	5,988.2	$	3,109.3
Prepaid expenses and other current assets	8.0		5.1		0.7		8.0
Other assets	—		—		—		3.4
Cash, cash equivalents and restricted cash per consolidated statements of cash flows	$	10,512.0	$	6,800.1	$	5,988.9	$	3,120.7

Our restricted cash, if any, is included in “Prepaid expenses and other current assets” and “Other assets” on our consolidated balance sheets.

Cloud Computing Service Contracts

As of December 31, 2022, “Other assets” included $40.2 million related to costs incurred to implement cloud computing service contracts. The amounts associated with cloud computing service contracts were not material to either our consolidated balance sheet as of December 31, 2021 or our consolidated statements of operations for 2022, 2021 and 2020.