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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Effect of Adoption of Topic 606
Unaudited Consolidated Balance Sheets
 
As of March 31, 2018
(In millions)
As reported
 
Before Adoption of Topic 606
 
Effect of change
Prepaid expenses and other current assets
$
1,080.5

 
$
1,035.8

 
$
44.7

Other current liabilities
1,218.4

 
1,229.2

 
(10.8
)
Other non-current liabilities
2,074.1

 
2,076.5

 
(2.4
)
Retained earnings
10,594.7

 
10,564.5

 
30.2

Unaudited Consolidated Statements of Operations
 
Three Months ended March 31, 2018
(In millions, except per share)
As reported
 
Before Adoption of Topic 606
 
Effect of change
Product sales
$
3,637.1

 
$
3,642.5

 
$
(5.4
)
Royalties and other revenues
128.6

 
151.4

 
(22.8
)
Net income
550.6

 
572.4

 
(21.8
)
Net income per share applicable to common shareholders - basic
0.61

 
0.63

 
(0.02
)
Net income per share applicable to common shareholders - diluted
0.60

 
0.63

 
(0.03
)
Unaudited Consolidated Statements of Cash Flows
 
Three Months ended March 31, 2018
(In millions)
As reported
 
Before Adoption of Topic 606
 
Effect of change
Net income
$
550.6

 
$
572.4

 
$
(21.8
)
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
    Increase in prepayments and other assets
(136.7
)
 
(92.0
)
 
(44.7
)
    Decrease in accounts payable and other liabilities
(172.6
)
 
(159.4
)
 
(13.2
)