XML 50 R40.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value Measurements - Financial Assets and Liabilities Subject to Fair Value Measurements (Details) - Recurring Basis - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Financial instruments carried at fair value (asset positions):    
Derivative asset current, foreign currency forward contracts $ 19.5 $ 47.5
Other assets, foreign currency forward contracts 0.3 0.8
Total financial assets 9,405.0 7,807.9
Financial instruments carried at fair value (liability positions):    
Other current liabilities, foreign currency forward contracts (20.5) (14.3)
Other current liabilities, contingent consideration (14.8) (14.6)
Other long-term liabilities, foreign currency forward contracts (0.5) (0.9)
Contingent consideration (112.3) (114.4)
Total financial liabilities (148.1) (144.2)
Level 1    
Financial instruments carried at fair value (asset positions):    
Derivative asset current, foreign currency forward contracts 0.0 0.0
Other assets, foreign currency forward contracts 0.0 0.0
Total financial assets 6,106.0 5,378.5
Financial instruments carried at fair value (liability positions):    
Other current liabilities, foreign currency forward contracts 0.0 0.0
Other current liabilities, contingent consideration 0.0 0.0
Other long-term liabilities, foreign currency forward contracts 0.0 0.0
Contingent consideration 0.0 0.0
Total financial liabilities 0.0 0.0
Level 2    
Financial instruments carried at fair value (asset positions):    
Derivative asset current, foreign currency forward contracts 19.5 47.5
Other assets, foreign currency forward contracts 0.3 0.8
Total financial assets 3,299.0 2,429.4
Financial instruments carried at fair value (liability positions):    
Other current liabilities, foreign currency forward contracts (20.5) (14.3)
Other current liabilities, contingent consideration 0.0 0.0
Other long-term liabilities, foreign currency forward contracts (0.5) (0.9)
Contingent consideration 0.0 0.0
Total financial liabilities (21.0) (15.2)
Level 3    
Financial instruments carried at fair value (asset positions):    
Derivative asset current, foreign currency forward contracts 0.0 0.0
Other assets, foreign currency forward contracts 0.0 0.0
Total financial assets 0.0 0.0
Financial instruments carried at fair value (liability positions):    
Other current liabilities, foreign currency forward contracts 0.0 0.0
Other current liabilities, contingent consideration (14.8) (14.6)
Other long-term liabilities, foreign currency forward contracts 0.0 0.0
Contingent consideration (112.3) (114.4)
Total financial liabilities (127.1) (129.0)
Money market funds    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 4,954.1 5,162.6
Money market funds | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 4,954.1 5,162.6
Money market funds | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Money market funds | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Time deposits    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 1,600.0 2,000.0
Time deposits | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Time deposits | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 1,600.0 2,000.0
Time deposits | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Corporate equity securities    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 148.1 116.8
Corporate equity securities | Level 1    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 127.2 88.8
Corporate equity securities | Level 2    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 20.9 28.0
Corporate equity securities | Level 3    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 0.0 0.0
U.S. Treasury securities    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 86.4 0.0
Marketable securities: 276.6 0.0
U.S. Treasury securities | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 86.4 0.0
Marketable securities: 276.6 0.0
U.S. Treasury securities | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
U.S. Treasury securities | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Government-sponsored enterprise securities    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 129.3 0.0
Marketable securities: 532.4 127.1
Government-sponsored enterprise securities | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 129.3 0.0
Marketable securities: 532.4 127.1
Government-sponsored enterprise securities | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Government-sponsored enterprise securities | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Asset-backed securities    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 117.9 0.0
Asset-backed securities | Level 1    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 0.0 0.0
Asset-backed securities | Level 2    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 117.9 0.0
Asset-backed securities | Level 3    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 0.0 0.0
Certificates of deposit    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 44.9 0.0
Certificates of deposit | Level 1    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 0.0 0.0
Certificates of deposit | Level 2    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 44.9 0.0
Certificates of deposit | Level 3    
Financial instruments carried at fair value (asset positions):    
Marketable securities: 0.0 0.0
Corporate debt securities    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 1.7 5.8
Marketable securities: 771.5 87.0
Corporate debt securities | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Corporate debt securities | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 1.7 5.8
Marketable securities: 771.5 87.0
Corporate debt securities | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Commercial paper    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 408.0 204.5
Marketable securities: 314.3 55.8
Commercial paper | Level 1    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: 0.0 0.0
Commercial paper | Level 2    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 408.0 204.5
Marketable securities: 314.3 55.8
Commercial paper | Level 3    
Financial instruments carried at fair value (asset positions):    
Cash equivalents: 0.0 0.0
Marketable securities: $ 0.0 $ 0.0