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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 3,871.7 $ 3,697.6 $ 11,556.9 $ 11,015.7
Costs and expenses:        
Cost of sales 1,157.6 1,001.4 3,398.3 3,437.3
Research and development 407.2 402.8 1,240.0 1,324.5
Selling, general and administrative 836.8 859.7 2,549.3 2,647.7
Amortization of acquired intangible assets 433.7 482.4 1,375.3 1,280.5
Integration and acquisition costs 93.0 237.0 512.0 696.7
Reorganization costs 254.8 5.4 268.9 24.5
(Gain)/loss on sale of Oncology and product rights (267.2) 0.3 (267.2) (0.4)
Total operating expenses 2,915.9 2,989.0 9,076.6 9,410.8
Operating income from continuing operations 955.8 708.6 2,480.3 1,604.9
Interest income 1.3 1.5 4.8 5.7
Interest expense (125.2) (141.8) (378.1) (425.4)
Other (expense)/income, net (96.1) (0.2) (43.9) 6.8
Total other expense, net (220.0) (140.5) (417.2) (412.9)
Income from continuing operations before income taxes and equity in earnings of equity method investees 735.8 568.1 2,063.1 1,192.0
Income taxes (203.3) (13.5) (371.0) (44.6)
Equity in earnings/(losses) of equity method investees, net of taxes 4.7 (3.4) 11.2 0.1
Income from continuing operations, net of taxes 537.2 551.2 1,703.3 1,147.5
(Loss)/gain from discontinued operations, net of taxes 0.0 (0.4) 0.0 18.6
Net income $ 537.2 $ 550.8 $ 1,703.3 $ 1,166.1
Earnings per Ordinary Share – basic        
Earnings from continuing operations (in usd per share) $ 0.59 $ 0.61 $ 1.87 $ 1.27
Earnings from discontinued operations (in usd per share) 0.00 0.00 0.00 0.02
Earnings per Ordinary Share - basic (in usd per share) 0.59 0.61 1.87 1.29
Earnings per Ordinary Share – diluted        
Earnings from continuing operations (in usd per share) 0.58 0.60 1.86 1.26
Earnings from discontinued operations (in usd per share) 0.00 0.00 0.00 0.02
Earnings per Ordinary Share - diluted (in usd per share) $ 0.58 $ 0.60 $ 1.86 $ 1.28
Weighted average number of shares:        
Basic (in shares) 914.0 907.2 912.0 905.9
Diluted (in shares) 921.1 911.6 916.9 912.1
Product sales        
Revenues:        
Total revenues $ 3,752.8 $ 3,533.8 $ 11,198.5 $ 10,537.9
Royalties and other revenues        
Revenues:        
Total revenues $ 118.9 $ 163.8 $ 358.4 $ 477.8