XML 45 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Accounts Receivable, Net
Accounts Receivable, Net

Accounts receivable as of December 31, 2017 of $3,009.8 million (December 31, 2016: $2,616.5 million), are stated at the invoiced amount and net of reserve for discounts and doubtful accounts of $271.5 million (December 31, 2016: $169.6 million).

Reserve for discounts and doubtful accounts:
(In millions)
2017
 
2016
 
2015
As of January 1,
$
169.6

 
$
55.8

 
$
48.5

Provision charged to operations
1,408.1

 
838.1

 
424.2

Payments/credits
(1,306.2
)
 
(724.3
)
 
(416.9
)
As of December 31,
$
271.5

 
$
169.6

 
$
55.8

 

As of December 31, 2017, accounts receivable included $106.6 million (December 31, 2016: $102.2 million) related to royalties receivable.