Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 21, 2014 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Entity Registrant Name | 'Lilly Eli & Co | ' |
Entity Central Index Key | '0000059478 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 1,117,308,330 |
Consolidated_Condensed_Stateme
Consolidated Condensed Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenue | $4,935.60 | $5,929.70 | $9,618.70 | $11,531.70 |
Cost of sales | 1,189.70 | 1,165.20 | 2,412.40 | 2,323.50 |
Research and development | 1,195.40 | 1,330.40 | 2,304.70 | 2,678.50 |
Marketing, selling, and administrative | 1,663.90 | 1,867.60 | 3,148.80 | 3,519.60 |
Asset impairment, restructuring, and other special charges | 0 | 63.5 | 31.4 | 85.2 |
Other - net, (income) expense | -53.8 | -11.9 | -109.8 | -541.1 |
Cost of sales, operating expenses, and other-net | 3,995.20 | 4,414.80 | 7,787.50 | 8,065.70 |
Income before income taxes | 940.4 | 1,514.90 | 1,831.20 | 3,466 |
Income taxes | 206.9 | 308.7 | 369.8 | 711.8 |
Net income | $733.50 | $1,206.20 | $1,461.40 | $2,754.20 |
Weighted-average number of common shares outstanding, including incremental shares | 1,071.70 | 1,080.20 | 1,072.30 | 1,084.10 |
Basic earnings per share | $0.68 | $1.12 | $1.36 | $2.54 |
Weighted-average number of common shares outstanding, including incremental shares and stock options | 1,076.40 | 1,084 | 1,076.40 | 1,087.90 |
Diluted earnings per share | $0.68 | $1.11 | $1.36 | $2.53 |
Dividends paid per share | $0.49 | $0.49 | $0.98 | $0.98 |
Consolidated_Condensed_Stateme1
Consolidated Condensed Statements of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net income | $733.50 | $1,206.20 | $1,461.40 | $2,754.20 |
Other comprehensive income (loss), net of tax | 22 | 65.7 | 67.4 | -151.6 |
Comprehensive income | $755.50 | $1,271.90 | $1,528.80 | $2,602.60 |
Consolidated_Condensed_Balance
Consolidated Condensed Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current Assets | ' | ' |
Cash and cash equivalents | $3,765.70 | $3,830.20 |
Short-term investments | 1,360.80 | 1,567.10 |
Accounts receivable, net of allowances of $59.4 (2014) and $62.2 (2013) | 3,187.90 | 3,434.40 |
Other receivables | 566.2 | 588.4 |
Inventories | 3,190.30 | 2,928.80 |
Prepaid expenses and other | 1,085.80 | 755.8 |
Total current assets | 13,156.70 | 13,104.70 |
Other Assets | ' | ' |
Investments | 6,649.70 | 7,624.90 |
Goodwill and other intangibles, net | 4,670.10 | 4,331.10 |
Sundry | 2,441 | 2,212.50 |
Total other assets | 13,760.80 | 14,168.50 |
Property and Equipment | ' | ' |
Land, buildings, equipment, and construction in progress | 16,113.60 | 15,646.70 |
Accumulated depreciation | -8,012.70 | -7,671.20 |
Property and equipment, net | 8,100.90 | 7,975.50 |
Total assets | 35,018.40 | 35,248.70 |
Current Liabilities | ' | ' |
Short-term borrowings and current maturities of long-term debt | 10.3 | 1,012.60 |
Accounts payable | 1,124.60 | 1,119.30 |
Employee compensation | 633.4 | 943.9 |
Sales rebates and discounts | 1,875.70 | 1,941.70 |
Dividends payable | 524.1 | 523.5 |
Income taxes payable | 168.6 | 254.4 |
Deferred income taxes | 1,044.40 | 792.8 |
Other current liabilities | 2,036.30 | 2,328.40 |
Total current liabilities | 7,417.40 | 8,916.60 |
Other Liabilities | ' | ' |
Long-term debt | 5,301 | 4,200.30 |
Accrued retirement benefits | 1,528.50 | 1,549.40 |
Long-term income taxes payable | 940.1 | 1,078.70 |
Other noncurrent liabilities | 1,836.60 | 1,863 |
Total other liabilities | 9,606.20 | 8,691.40 |
Shareholders' Equity | ' | ' |
Common stock | 699 | 698.5 |
Additional paid-in capital | 5,120.30 | 5,050 |
Retained earnings | 17,204.30 | 16,992.40 |
Employee benefit trust | -3,013.20 | -3,013.20 |
Accumulated other comprehensive loss | -1,935.30 | -2,002.70 |
Cost of common stock in treasury | -91.4 | -93.6 |
Total Eli Lilly and Company shareholders' equity | 17,983.70 | 17,631.40 |
Noncontrolling interests | 11.1 | 9.3 |
Total equity | 17,994.80 | 17,640.70 |
Total liabilities and equity | $35,018.40 | $35,248.70 |
Consolidated_Condensed_Balance1
Consolidated Condensed Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Allowances for doubtful accounts | $59.40 | $62.20 |
Consolidated_Condensed_Stateme2
Consolidated Condensed Statements of Cash Flows (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Cash Flows from Operating Activities | ' | ' |
Net income | $1,461,400,000 | $2,754,200,000 |
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: | ' | ' |
Depreciation and amortization | 697,200,000 | 745,400,000 |
Change in deferred income taxes | -121,200,000 | -198,900,000 |
Stock-based compensation expense | 76,900,000 | 68,800,000 |
Net realized investment gains | -82,000,000 | -30,600,000 |
Income related to the termination of the exenatide collaboration | 0 | -495,400,000 |
Other changes in operating assets and liabilities, net of acquisitions and divestitures | 1,021,300,000 | 1,271,500,000 |
Other operating activities, net | 72,800,000 | 46,800,000 |
Net Cash Provided by Operating Activities | 1,326,200,000 | 2,016,600,000 |
Cash Flows from Investing Activities | ' | ' |
Net purchases of property and equipment | -456,900,000 | -294,300,000 |
Proceeds from sales and maturities of short-term investments | 1,889,700,000 | 1,981,900,000 |
Purchases of short-term investments | -804,500,000 | -515,600,000 |
Proceeds from sales and maturities of noncurrent investments | 5,540,100,000 | 5,463,200,000 |
Purchases of noncurrent investments | -5,594,700,000 | -6,476,100,000 |
Purchase of product rights | -71,300,000 | 0 |
Cash paid for acquisitions, net of cash acquired | -551,400,000 | 0 |
Other investing activities, net | -31,500,000 | -55,700,000 |
Net Cash (Used for) Provided by Investing Activities | -80,500,000 | 103,400,000 |
Cash Flows from Financing Activities | ' | ' |
Dividends paid | -1,051,000,000 | -1,064,100,000 |
Net change in short-term borrowings | 2,300,000 | 0 |
Proceeds from issuance of long-term debt | 992,900,000 | 0 |
Repayment of long-term debt | -1,033,800,000 | -1,700,000 |
Purchases of common stock | -200,000,000 | -1,198,100,000 |
Other financing activities, net | -8,000,000 | 0 |
Net Cash Used for Financing Activities | -1,297,600,000 | -2,263,900,000 |
Effect of exchange rate changes on cash and cash equivalents | -12,600,000 | -88,400,000 |
Net decrease in cash and cash equivalents | -64,500,000 | -232,300,000 |
Cash and cash equivalents at January 1 | 3,830,200,000 | 4,018,800,000 |
Cash and Cash Equivalents at June 30 | $3,765,700,000 | $3,786,500,000 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation [Text Block] | ' |
Note 1: Basis of Presentation | |
We have prepared the accompanying unaudited consolidated condensed financial statements in accordance with the requirements of Form 10-Q and, therefore, they do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States (GAAP). In our opinion, the financial statements reflect all adjustments (including those that are normal and recurring) that are necessary for a fair presentation of the results of operations for the periods shown. In preparing financial statements in conformity with GAAP, we must make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates. | |
The information included in this Quarterly Report on Form 10-Q should be read in conjunction with our consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2013. We issued our financial statements by filing with the SEC and have evaluated subsequent events up to the time of the filing. | |
Certain reclassifications have been made to prior periods in the consolidated condensed financial statements and accompanying notes to conform with the current presentation. | |
All per-share amounts, unless otherwise noted in the footnotes, are presented on a diluted basis, that is, based on the weighted-average number of outstanding common shares plus the effect of dilutive stock options and other incremental shares. |
Implementation_of_New_Financia
Implementation of New Financial Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Accounting Changes and Error Corrections [Text Block] | ' |
Note 2: Implementation of New Financial Accounting Pronouncements | |
In May 2014, the Financial Accounting Standards Board (FASB) issued a final standard on revenue recognition. Under the new standard, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In order to do so, an entity would follow the five-step process for in-scope transactions: 1) identify the contract with a customer, 2) identify the separate performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the separate performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. For public entities, the provisions of the new standard are effective for annual reporting periods beginning after December 15, 2016 and early adoption is not permitted. An entity can apply the new revenue standard retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application in retained earnings. We are in the process of determining our approach to the adoption of this new revenue recognition standard, as well as the anticipated impact to our consolidated condensed financial statements. | |
In July 2013, the FASB issued a clarification regarding the presentation of an unrecognized tax benefit related to a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. Under this new standard, the liability related to an unrecognized tax benefit, or a portion thereof, should be presented in the financial statements as a reduction to a deferred tax asset if available under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position. Otherwise, the unrecognized tax benefit should be presented in the financial statements as a separate liability. The assessment is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date. The provisions of the new standard are effective on a prospective basis beginning in 2014 for annual and interim reporting periods. Adoption of this standard in the first quarter of 2014 resulted in an immaterial impact to our consolidated condensed balance sheet and did not affect our consolidated condensed statements of operations. |
Acquisitions
Acquisitions | 6 Months Ended |
Jun. 30, 2014 | |
Business Combinations [Abstract] | ' |
Acquisitions [Text Block] | ' |
Note 3: Acquisitions | |
In April 2014, we announced an agreement to acquire Novartis Animal Health in an all-cash transaction for approximately $5.4 billion. Novartis Animal Health has a global commercial presence in both the companion and food animal markets. Under the terms of the agreement, we will acquire manufacturing sites, research and development facilities, a global commercial infrastructure and portfolio of products, a pipeline of projects in development, and employees. The transaction is expected to close by the end of the first quarter of 2015, subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, similar requirements outside the U.S., and other customary closing conditions. | |
On April 30, 2014, we acquired Lohmann SE (Lohmann Animal Health), a privately-held company headquartered in Cuxhaven, Germany, through a stock purchase for a total purchase price of $591.2 million, comprised of $551.4 million of net cash plus $39.8 million of assumed debt. Lohmann Animal Health is a global leader in poultry vaccines. As part of this transaction, we acquired the rights to a range of vaccines, commercial capabilities, and manufacturing sites in Germany and the United States. This acquisition was accounted for as a business combination under the acquisition method of accounting. The assets acquired and liabilities assumed were recorded at their respective fair values as of the acquisition date in our consolidated condensed financial statements. The determination of estimated fair value required management to make significant estimates and assumptions. The excess of the purchase price over the fair value of the acquired net assets has been recorded as goodwill. The results of operations of this acquisition are included in our consolidated condensed financial statements from the date of acquisition. The acquisition is not material to our consolidated condensed financial statements. In connection with this acquisition, we preliminarily recorded $287.7 million of marketed product assets, $89.8 million of property and equipment, $234.8 million of goodwill, and $106.2 million of deferred tax liability, with $85.1 million of other net assets. The final determination may result in asset and liability fair values that differ from the preliminary estimates, but it is not expected that these differences will be material to our consolidated condensed financial statements. Goodwill associated with this acquisition is not deductible for tax purposes. |
Collaborations
Collaborations | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||
Collaborations [Text Block] | ' | |||||||||||||||
Note 4: Collaborations and Other Arrangements | ||||||||||||||||
We often enter into collaborative and other similar arrangements to develop and commercialize drug candidates. Collaborative activities may include research and development, marketing and selling (including promotional activities and physician detailing), manufacturing, and distribution. These arrangements often require milestone and royalty or profit-share payments, contingent upon the occurrence of certain future events linked to the success of the asset in development, as well as expense reimbursements or payments to the collaboration partner. Elements within a collaboration are separated into individual units of accounting if they have standalone value from other elements within the arrangement. In these situations, the arrangement consideration is allocated to the elements on a relative selling price basis. Revenues related to products we sell pursuant to these arrangements are included in net product sales, while other sources of revenue (e.g., royalties and profit-sharing due from our partner) are included in collaboration and other revenue. We recognized collaboration and other revenue of $208.7 million and $169.8 million for the three months ended June 30, 2014 and 2013, respectively, and $389.9 million and $323.3 million for the six months ended June 30, 2014 and 2013, respectively. Operating expenses for costs incurred pursuant to these arrangements are reported in their respective expense line item, net of any payments due to or reimbursements due from our collaboration partners, with such reimbursements being recognized at the time the party becomes obligated to pay. Each collaboration is unique in nature, and our more significant arrangements are discussed below. | ||||||||||||||||
Diabetes Collaboration | ||||||||||||||||
We and Boehringer Ingelheim have a global agreement to jointly develop and commercialize a portfolio of diabetes compounds. Currently, the compounds included in the collaboration are Boehringer Ingelheim’s two oral diabetes agents, linagliptin and empagliflozin, and our new insulin glargine product. The agreement also provided Boehringer Ingelheim with the ability to opt in to the Phase III development and potential commercialization of our anti-TGF-beta monoclonal antibody. However, we made the decision in April 2014 to discontinue our development of the anti-TGF-beta monoclonal antibody, which had been in Phase II clinical testing. | ||||||||||||||||
Linagliptin was approved in 2011 and launched in the U.S. (trade name Tradjenta®), Japan (trade name Trazenta™), certain countries in Europe (trade name Trajenta®), and other countries. The new insulin glargine product has been submitted to regulatory authorities in the U.S., Europe, and Japan. Empagliflozin (trade name Jardiance®) was approved in Europe in May 2014, and has been submitted to regulatory authorities in the U.S. and Japan. In June 2014, we and Boehringer Ingelheim announced the resubmission of a New Drug Application (NDA) for empagliflozin in the United States. This is a Class 1 resubmission under U.S. Food and Drug Administration (FDA) regulations and is the next step in pursuing approval of empagliflozin following resolution of deficiencies previously observed by the FDA in the Boehringer Ingelheim facility where empagliflozin will be manufactured. The FDA did not ask for any new clinical trials to support the approval of the application. | ||||||||||||||||
In connection with the approval of linagliptin in the U.S., Japan, and Europe, we paid $478.7 million in success-based regulatory milestones, all of which were capitalized as intangible assets and are being amortized to cost of sales. In connection with the approval of empagliflozin in Europe, we paid a success-based regulatory milestone of $61.2 million, which was capitalized as an intangible asset and will be amortized to cost of sales. We incurred milestone-related expenses of $97.2 million in connection with regulatory submissions for empagliflozin in the U.S., Europe, and Japan during 2013. These regulatory submission milestones were recorded as research and development expenses. We may also pay up to 180.0 million euro in additional success-based regulatory milestones for empagliflozin. | ||||||||||||||||
During 2013, we earned $50.0 million in milestones for the regulatory submissions of our new insulin glargine product in the U.S., Europe, and Japan. These submission milestones were recorded as income in other–net, (income) expense. In the future, we will be eligible to receive up to $250.0 million in success-based regulatory milestones on our new insulin glargine product. | ||||||||||||||||
The companies share ongoing development costs equally. The companies also share in the commercialization costs and gross margin for any product resulting from the collaboration that receives regulatory approval. We record our portion of the gross margin as collaboration and other revenue, and we record our portion of the commercialization costs as marketing, selling, and administrative expense. Each company will also be entitled to potential performance payments on sales of the molecules they contribute to the collaboration. Our revenue related to Trajenta was $90.3 million and $54.8 million for the three months ended June 30, 2014 and 2013, respectively, and $167.1 million and $97.4 million for the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||
Effient® | ||||||||||||||||
We are in a collaborative arrangement with Daiichi Sankyo Co., Ltd. (Daiichi Sankyo) to develop, market, and promote Effient. We and Daiichi Sankyo co-promote Effient in certain territories (including the U.S. and five major European markets), while we have exclusive marketing rights in certain other territories. Daiichi Sankyo has exclusive marketing rights in Japan and certain other territories. The parties share approximately 50/50 in the profits, as well as in the costs of development and marketing in the co-promotion territories. A third party manufactures bulk product, and we produce the finished product for our exclusive and co-promotion territories. We record product sales in our exclusive and co-promotion territories. In our exclusive territories, we pay Daiichi Sankyo a royalty specific to these territories. Profit-share payments due to Daiichi Sankyo are recorded as marketing, selling, and administrative expenses. All royalties due to Daiichi Sankyo and the third-party manufacturer are recorded in cost of sales. Effient sales were $133.6 million and $137.4 million for the three months ended June 30, 2014 and 2013, respectively, and $252.9 million and $253.2 million for the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||
Erbitux® | ||||||||||||||||
We have several collaborations with respect to Erbitux. The most significant collaborations are in the U.S., Canada, and Japan (Bristol-Myers Squibb Company); and worldwide except the U.S. and Canada (Merck KGaA). Upon expiration of the agreements, all of the rights to Erbitux in the U.S. and Canada return to us and certain rights to Erbitux outside the U.S. and Canada will remain with Merck KGaA (Merck). | ||||||||||||||||
The following table summarizes our revenue recognized with respect to Erbitux: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Net product sales | $ | 12.4 | $ | 12.5 | $ | 25.6 | $ | 37.7 | ||||||||
Collaboration and other revenue | 81.1 | 79.3 | 158.7 | 148.9 | ||||||||||||
Total revenue | $ | 93.5 | $ | 91.8 | $ | 184.3 | $ | 186.6 | ||||||||
Bristol-Myers Squibb Company | ||||||||||||||||
Pursuant to commercial agreements with Bristol-Myers Squibb Company and E.R. Squibb (collectively, BMS), we are co-developing Erbitux in the U.S. and Canada with BMS through September 2018, exclusively, and in Japan with BMS and Merck through 2032. Under these arrangements, Erbitux research and development and other costs are shared by both companies according to a predetermined ratio. | ||||||||||||||||
Responsibilities associated with clinical and other ongoing studies are apportioned between the parties under the agreements. Collaborative reimbursements due to us for supply of clinical trial materials; for research and development; and for a portion of marketing, selling, and administrative expenses are recorded as a reduction to the respective expense line items on the consolidated condensed statement of operations. We receive a distribution fee in the form of a royalty from BMS, based on a percentage of net sales in the U.S. and Canada, which is recorded in collaboration and other revenue. Royalties due to third parties are recorded as a reduction of collaboration and other revenue, net of any royalty reimbursements due from third parties. | ||||||||||||||||
We are responsible for the manufacture and supply of all requirements of Erbitux in bulk-form active pharmaceutical ingredient (API) for clinical and commercial use in the U.S. and Canada, and BMS will purchase all of its requirements of API for commercial use from us, subject to certain stipulations per the agreement. Sales of Erbitux to BMS for commercial use are reported in net product sales. | ||||||||||||||||
Merck KGaA | ||||||||||||||||
A development and license agreement grants Merck exclusive rights to market Erbitux outside of the U.S. and Canada, and expires in December 2018. A separate agreement grants co-exclusive rights among Merck, BMS, and us in Japan and expires in 2032. | ||||||||||||||||
Merck manufactures Erbitux for supply in its territory as well as for Japan. We receive a royalty on the sales of Erbitux outside of the U.S. and Canada, which is included in collaboration and other revenue as earned. Royalties due to third parties are recorded as a reduction of collaboration and other revenue, net of any royalty reimbursements due from third parties. | ||||||||||||||||
Exenatide | ||||||||||||||||
In November 2011, we agreed with Amylin Pharmaceuticals, Inc. (Amylin) to terminate our collaborative arrangement for the joint development, marketing, and selling of Byetta® (exenatide injection) and other forms of exenatide such as Bydureon® (exenatide extended-release for injectable suspension). Under the terms of the termination agreement, Amylin made a one-time, upfront payment to us of $250.0 million. Amylin also agreed to make future revenue-sharing payments to us in an amount equal to 15.0 percent of its global net sales of exenatide products until Amylin made aggregate payments to us of $1.20 billion plus interest, which would accrue at 9.5 percent. Upon completion of the acquisition of Amylin by Bristol-Myers Squibb Company in August 2012, Amylin's obligation of $1.26 billion, including accrued interest, was paid in full, with $1.21 billion representing a prepayment of the obligation. We would also receive a $150.0 million milestone payment contingent upon FDA approval of a once-monthly suspension version of exenatide. | ||||||||||||||||
Commercial operations were transferred to Amylin in the U.S. in late-2011. Outside the U.S., we transferred to Amylin exenatide commercial rights and control in all markets during the first quarter of 2013. We were responsible for certain development costs related to certain clinical trials outside the U.S. that we were conducting as of the date of the termination agreement as well as commercialization costs outside the U.S. until the commercial rights were transferred to Amylin. | ||||||||||||||||
Payments received from Amylin were allocated 65 percent to the U.S., which was treated as a contract termination, and 35 percent to the business outside the U.S., which was treated as the disposition of a business. The allocation was based upon relative fair values. The revenue-sharing income allocated to the U.S. was recognized as collaboration and other revenue, consistent with our policy for royalty revenue, while the income related to the prepayment of Amylin's obligation allocated to the U.S. was recognized in other–net, (income) expense. All income allocated to the business outside the U.S. that was transferred during the first quarter of 2013 was recognized as a gain on the disposition of a business in other–net, (income) expense, net of the goodwill allocated to the business transferred. | ||||||||||||||||
Under the terms of our prior arrangement, we reported as net product sales 100 percent of sales outside the U.S. and our sales of Byetta pen delivery devices to Amylin. We paid Amylin a percentage of the gross margin of exenatide sales outside of the U.S., and these costs were recorded in cost of sales. This arrangement for the commercial operations outside the U.S. continued until those rights were transferred to Amylin during the first quarter of 2013. | ||||||||||||||||
In accordance with the prior arrangement and pursuant to Amylin’s request, we loaned Amylin $165.0 million in the second quarter of 2011. This loan and related accrued interest were paid in full in August 2012. | ||||||||||||||||
We recognized net product sales of $21.0 million and $85.1 million with respect to exenatide for the three and six months ended June 30, 2013, respectively. Net product sales of exenatide were insignificant in 2014. | ||||||||||||||||
We recognized income of $495.4 million in other-net, (income) expense related to termination of the exenatide collaboration with Amylin during the first quarter of 2013. | ||||||||||||||||
Solanezumab | ||||||||||||||||
We have an agreement with an affiliate of TPG-Axon Capital (TPG) whereby TPG funded a portion of the Phase III development of solanezumab. Under the agreement, TPG’s obligation to fund solanezumab costs was not material and ended in the first half of 2011. In exchange for their funding, TPG may receive success-based sales milestones totaling approximately $70 million and mid-single digit royalties contingent upon the successful development of solanezumab. The royalties would be paid for approximately 10 years after launch of a product. | ||||||||||||||||
Baricitinib | ||||||||||||||||
We have a worldwide license and collaboration agreement with Incyte Corporation (Incyte) which provides us the development and commercialization rights to its Janus tyrosine kinase (JAK) inhibitor compound, now known as baricitinib, and certain follow-on compounds, for the treatment of inflammatory and autoimmune diseases. Incyte has the right to receive tiered, double-digit royalty payments on future global sales with rates ranging up to 20 percent if the product is successfully commercialized. The agreement provides Incyte with options to co-develop these compounds on an indication-by-indication basis by funding 30 percent of the associated development costs from the initiation of a Phase IIb trial through regulatory approval in exchange for increased tiered royalties ranging up to percentages in the high twenties. In 2010, Incyte exercised its option to co-develop baricitinib in rheumatoid arthritis. The agreement also provides Incyte with an option to co-promote in the U.S. and calls for payments associated with certain development, success-based regulatory, and sales-based milestones. Upon initiation of Phase III trials for the treatment of rheumatoid arthritis in the fourth quarter of 2012, we incurred a milestone-related expense of $50.0 million which was recorded as research and development expense. As of June 30, 2014, Incyte is eligible to receive up to $415.0 million of additional payments from us contingent upon certain development and success-based regulatory milestones as well as an additional $150.0 million of potential sales-based milestones. | ||||||||||||||||
Tanezumab | ||||||||||||||||
In October 2013, we entered into a collaboration agreement with Pfizer Inc. (Pfizer) to jointly develop and globally commercialize tanezumab for the potential treatment of osteoarthritis pain, chronic low back pain and cancer pain. Tanezumab is currently in Phase III development and is subject to a partial clinical hold by the FDA pending submission of nonclinical data to the FDA. Under the agreement, the companies share equally the ongoing development costs and, if successful, in gross margins and certain commercialization expenses. Contingent upon the parties continuing in the collaboration after receipt of the FDA's response to the submission of the nonclinical data, we will be obligated to pay an upfront fee of $200.0 million. This payment would be immediately expensed. In addition to this fee, we may pay up to $350.0 million in success-based regulatory milestones and up to $1.23 billion in a series of sales-based milestones, contingent upon the commercial success of tanezumab. Both parties have the right to terminate the agreement under certain circumstances. | ||||||||||||||||
Summary of Commission and Profit-Share Payments | ||||||||||||||||
The aggregate amount of marketing, selling, and administrative expense associated with our commission and profit-sharing obligations for the collaborations and other arrangements described above was $53.9 million and $55.2 million for the three months ended June 30, 2014 and 2013, respectively, and $101.9 million and $100.4 million for the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||
Amortization of Intangible Assets | ||||||||||||||||
We record, as finite-lived intangible assets, the cost of milestone payments associated with products approved for marketing, as well as the cost of rights to assets approved for marketing that were acquired in business combinations. We also record finite-lived intangible assets for the cost of licensed platform technologies that have alternative future uses in research and development; manufacturing technologies; and customer relationships from business combinations. Amortization expense related to these finite-lived intangibles was $134.1 million and $145.2 million for the three months ended June 30, 2014 and 2013, respectively, and $265.9 million and $291.3 million for the six months ended June 30, 2014 and 2013, respectively. |
Asset_Impairments_Restructurin
Asset Impairments, Restructuring, and Other Special Charges | 6 Months Ended |
Jun. 30, 2014 | |
Extraordinary and Unusual Items [Abstract] | ' |
Unusual or Infrequent Items Disclosure [Text Block] | ' |
Note 5: Asset Impairment, Restructuring, and Other Special Charges | |
There were no asset impairment, restructuring, and other special charges recognized in the quarter ended June 30, 2014 compared to $63.5 million during the same period in 2013. For the six months ended June 30, 2014, we recognized $31.4 million of asset impairment, restructuring, and other special charges compared to $85.2 million during the same period in 2013. The 2014 charges related primarily to costs for actions taken to reduce our cost structure. The 2013 charges related primarily to costs associated with the decision to close a packaging and distribution facility in Germany and severance costs for actions taken to reduce the company's cost structure. |
Financial_Instruments
Financial Instruments | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||
Financial Instruments [Text Block] | ' | |||||||||||||||||||||
Note 6: Financial Instruments | ||||||||||||||||||||||
Financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest-bearing investments. Wholesale distributors of life-sciences products account for a substantial portion of trade receivables; collateral is generally not required. The risk associated with this concentration is mitigated by our ongoing credit-review procedures and insurance. A large portion of our cash is held by a few major financial institutions. We monitor our exposures with these institutions and do not expect any of these institutions to fail to meet their obligations. Major financial institutions represent the largest component of our investments in corporate debt securities. In accordance with documented corporate policies, we monitor the amount of credit exposure to any one financial institution or corporate issuer. We are exposed to credit-related losses in the event of nonperformance by counterparties to risk-management instruments but do not expect any counterparties to fail to meet their obligations given their high credit ratings. | ||||||||||||||||||||||
Accounting Policy for Risk-Management Instruments | ||||||||||||||||||||||
Our derivative activities are initiated within the guidelines of documented corporate risk-management policies and do not create additional risk because gains and losses on derivative contracts offset losses and gains on the assets, liabilities, and transactions being hedged. As derivative contracts are initiated, we designate each instrument as either a fair value hedge or a cash flow hedge. Management reviews the correlation and effectiveness of our derivatives on a quarterly basis. | ||||||||||||||||||||||
For derivative contracts that are designated and qualify as fair value hedges, the derivative instrument is marked to market with gains and losses recognized currently in income to offset the respective losses and gains recognized on the underlying exposure. For derivative contracts that are designated and qualify as cash flow hedges, the effective portion of gains and losses on these contracts is reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period the hedged transaction affects earnings. Hedge ineffectiveness is immediately recognized in earnings. Derivative contracts that are not designated as hedging instruments are recorded at fair value with the gain or loss recognized in current earnings during the period of change. | ||||||||||||||||||||||
We may enter into foreign currency forward contracts to reduce the effect of fluctuating currency exchange rates (principally the euro, the British pound, and the Japanese yen). Foreign currency derivatives used for hedging are put in place using the same or like currencies and duration as the underlying exposures. Forward contracts are principally used to manage exposures arising from subsidiary trade and loan payables and receivables denominated in foreign currencies. These contracts are recorded at fair value with the gain or loss recognized in other–net, (income) expense. We may enter into foreign currency forward contracts and currency swaps as fair value hedges of firm commitments. Forward contracts generally have maturities not exceeding 12 months. At June 30, 2014, we had outstanding foreign currency forward commitments to purchase 1.12 billion U.S. dollars and sell 819.1 million euro, commitments to purchase 1.13 billion euro and sell 1.53 billion U.S. dollars, commitments to purchase 291.4 million U.S. dollars and sell 29.64 billion Japanese yen, and commitments to purchase 149.4 million British pounds and sell 187.0 million euro, which will all settle within 30 days. | ||||||||||||||||||||||
In the normal course of business, our operations are exposed to fluctuations in interest rates which can vary the costs of financing, investing, and operating. We address a portion of these risks through a controlled program of risk management that includes the use of derivative financial instruments. The objective of controlling these risks is to limit the impact of fluctuations in interest rates on earnings. Our primary interest-rate risk exposure results from changes in short-term U.S. dollar interest rates. In an effort to manage interest-rate exposures, we strive to achieve an acceptable balance between fixed- and floating-rate debt and investment positions and may enter into interest rate swaps or collars to help maintain that balance. | ||||||||||||||||||||||
Interest rate swaps or collars that convert our fixed-rate debt to a floating rate are designated as fair value hedges of the underlying instruments. Interest rate swaps or collars that convert floating-rate debt to a fixed rate are designated as cash flow hedges. Interest expense on the debt is adjusted to include the payments made or received under the swap agreements. At June 30, 2014, substantially all of our total debt is at a fixed rate. We have converted approximately 50 percent of our fixed-rate debt to floating rates through the use of interest rate swaps. | ||||||||||||||||||||||
Investments in debt securities are subject to different interest rate risks based on their maturities. We may manage the average maturity of our investments in debt securities to achieve economic returns using interest rate contracts, none of which are designated as hedging instruments. As of June 30, 2014, the total notional amounts of fixed-interest rate contracts not designated as hedging instruments were $457.0 million, which will all settle within 9 months. | ||||||||||||||||||||||
We may enter into forward contracts and designate them as cash flow hedges to limit the potential volatility of earnings and cash flow associated with forecasted sales of available-for-sale securities. | ||||||||||||||||||||||
We may enter into forward-starting interest rate swaps, which we designate as cash flow hedges, as part of anticipated future debt issuances in order to reduce the risk of cash flow volatility from future changes in interest rates. Upon completion of a debt issuance and termination of the swap, the change in fair value of these instruments is recorded as part of other comprehensive income (loss) and is amortized to interest expense over the life of the debt agreement. As of June 30, 2014, the total notional amounts of forward-starting interest rate contracts in designated cash flow hedging instruments were $700.0 million, which will all settle within 9 months. | ||||||||||||||||||||||
The Effect of Risk-Management Instruments on the Consolidated Condensed Statement of Operations | ||||||||||||||||||||||
The following effects of risk-management instruments were recognized in other–net, (income) expense: | ||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||
Fair value hedges: | ||||||||||||||||||||||
Effect from hedged fixed-rate debt | $ | 41.9 | $ | (144.3 | ) | $ | 93.7 | $ | (213.3 | ) | ||||||||||||
Effect from interest rate contracts | (41.9 | ) | 144.3 | (93.7 | ) | 213.3 | ||||||||||||||||
Cash flow hedges: | ||||||||||||||||||||||
Effective portion of losses on equity contracts reclassified from accumulated other comprehensive loss(1) | 27.9 | — | 67.4 | — | ||||||||||||||||||
Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss | 2.2 | 2.2 | 4.4 | 4.4 | ||||||||||||||||||
Net (gains) losses on foreign currency exchange contracts not designated as hedging instruments | 20.9 | (7.6 | ) | 20.6 | (7.5 | ) | ||||||||||||||||
Net losses on interest rate contracts not designated as hedging instruments | 1.1 | — | 1.1 | — | ||||||||||||||||||
1 Realized gains on the sale of the underlying equity securities recognized in other–net, (income) expense for the three and six months ended June 30, 2014 were $57.3 million and $126.3 million, respectively. | ||||||||||||||||||||||
The effective portion of net gains on equity contracts in designated cash flow hedging relationships recorded in other comprehensive income (loss) was $34.6 million and $10.1 million for the three months ended June 30, 2014 and 2013, respectively, and $120.5 million and $8.9 million for the six months ended June 30, 2014 and 2013, respectively. During the next six months, we expect to sell the underlying equity securities in designated cash flow hedging relationships that were outstanding at June 30, 2014, and will reclassify to earnings the accumulated other comprehensive loss related to the cash flow hedges and the unrealized gains on the underlying equity securities. The unrealized gains are in excess of the losses on the cash flow hedges. | ||||||||||||||||||||||
During the next 12 months, we expect to reclassify from accumulated other comprehensive loss to earnings $9.0 million of pretax net losses on cash flow hedges of the variability in expected future interest payments on our floating rate debt. | ||||||||||||||||||||||
During the six months ended June 30, 2014 and 2013, net losses related to ineffectiveness, as well as net losses related to the portion of our risk-management hedging instruments, fair value hedges, and cash flow hedges that were excluded from the assessment of effectiveness, were not material. | ||||||||||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||||||
The following tables summarize certain fair value information at June 30, 2014 and December 31, 2013 for assets and liabilities measured at fair value on a recurring basis, as well as the carrying amount and amortized cost of certain other investments: | ||||||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Amortized | Quoted Prices in Active Markets for Identical Assets | Significant Other | Significant | Fair | ||||||||||||||||
Amount | Cost | (Level 1) | Observable Inputs | Unobservable | Value | |||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
Cash and cash equivalents | $ | 3,765.70 | $ | 3,765.70 | $ | 3,707.30 | $ | 58.4 | $ | $ | 3,765.70 | |||||||||||
Short-term investments: | ||||||||||||||||||||||
Government-related debt securities: | ||||||||||||||||||||||
U.S. government and agencies | $ | 125.2 | $ | 125.2 | $ | 125.2 | $ | 125.2 | ||||||||||||||
Foreign and other | 60 | 60 | 60 | 60 | ||||||||||||||||||
Corporate debt securities | 1,035.00 | 1,032.20 | 1,035.00 | 1,035.00 | ||||||||||||||||||
Other securities | 1.2 | 1.2 | 1.2 | 1.2 | ||||||||||||||||||
Marketable equity | 139.4 | 37.5 | 139.4 | 139.4 | ||||||||||||||||||
Short-term investments | $ | 1,360.80 | $ | 1,256.10 | ||||||||||||||||||
Noncurrent investments: | ||||||||||||||||||||||
Government-related debt securities: | ||||||||||||||||||||||
U.S. government and agencies | $ | 804.4 | $ | 805.5 | $ | 770.3 | $ | 34.1 | $ | $ | 804.4 | |||||||||||
Foreign and other | 90.4 | 90.4 | 90.4 | 90.4 | ||||||||||||||||||
Corporate debt securities | 4,442.10 | 4,408.30 | 4,442.10 | 4,442.10 | ||||||||||||||||||
Mortgage-backed | 368.1 | 374.1 | 368.1 | 368.1 | ||||||||||||||||||
Asset-backed | 469.1 | 471 | 469.1 | 469.1 | ||||||||||||||||||
Other securities | 7.9 | 8.3 | 7.9 | 7.9 | ||||||||||||||||||
Marketable equity | 94.6 | 31.8 | 94.6 | 94.6 | ||||||||||||||||||
Equity method and other investments(1) | 373.1 | 373.1 | ||||||||||||||||||||
Noncurrent investments | $ | 6,649.70 | $ | 6,562.50 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Cash and cash equivalents | $ | 3,830.20 | $ | 3,830.20 | $ | 3,772.60 | $ | 57.6 | $ | $ | 3,830.20 | |||||||||||
Short-term investments: | ||||||||||||||||||||||
U.S. government and agencies | $ | 276.4 | $ | 276.6 | $ | 276.4 | $ | $ | $ | 276.4 | ||||||||||||
Corporate debt securities | 931.7 | 929.8 | 931.7 | 931.7 | ||||||||||||||||||
Other securities | 2.7 | 2.7 | 2.7 | 2.7 | ||||||||||||||||||
Marketable equity | 356.3 | 75 | 356.3 | 356.3 | ||||||||||||||||||
Short-term investments | $ | 1,567.10 | $ | 1,284.10 | ||||||||||||||||||
Noncurrent investments: | ||||||||||||||||||||||
U.S. government and agencies | $ | 1,115.60 | $ | 1,126.10 | $ | 1,035.60 | $ | 80 | $ | $ | 1,115.60 | |||||||||||
Corporate debt securities | 4,940.50 | 4,933.70 | 4,940.50 | 4,940.50 | ||||||||||||||||||
Mortgage-backed | 636 | 652.4 | 636 | 636 | ||||||||||||||||||
Asset-backed | 490 | 494.5 | 490 | 490 | ||||||||||||||||||
Other securities | 7.3 | 8.3 | 7.3 | 7.3 | ||||||||||||||||||
Marketable equity | 81.2 | 22.8 | 81.2 | 81.2 | ||||||||||||||||||
Equity method and other investments(1) | 354.3 | 354.3 | ||||||||||||||||||||
Noncurrent investments | $ | 7,624.90 | $ | 7,592.10 | ||||||||||||||||||
1 Fair value not applicable | ||||||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Quoted Prices in Active Markets for Identical Assets | Significant | Significant | Fair | |||||||||||||||||
Amount | (Level 1) | Other Observable Inputs | Unobservable | Value | ||||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
Long-term debt, including current portion | ||||||||||||||||||||||
June 30, 2014 | $ | (5,311.3 | ) | $ | $ | (5,671.6 | ) | $ | $ | (5,671.6 | ) | |||||||||||
31-Dec-13 | (5,212.9 | ) | (5,490.9 | ) | (5,490.9 | ) | ||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Quoted Prices in Active Markets for Identical Assets | Significant | Significant | Fair | |||||||||||||||||
Amount | (Level 1) | Other Observable Inputs | Unobservable | Value | ||||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
Risk-management instruments | ||||||||||||||||||||||
Interest rate contracts designated as hedging instruments: | ||||||||||||||||||||||
Sundry | $ | 375.2 | $ | 375.2 | $ | 375.2 | ||||||||||||||||
Other current liabilities | (13.5 | ) | (13.5 | ) | (13.5 | ) | ||||||||||||||||
Other noncurrent liabilities | (0.3 | ) | (0.3 | ) | (0.3 | ) | ||||||||||||||||
Interest rate contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (1.1 | ) | (1.1 | ) | (1.1 | ) | ||||||||||||||||
Foreign exchange contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 7.5 | 7.5 | 7.5 | |||||||||||||||||||
Other current liabilities | (6.7 | ) | (6.7 | ) | (6.7 | ) | ||||||||||||||||
Equity contracts designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (29.1 | ) | (29.1 | ) | (29.1 | ) | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Risk-management instruments | ||||||||||||||||||||||
Interest rate contracts designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 20.1 | 20.1 | 20.1 | |||||||||||||||||||
Sundry | 278.7 | 278.7 | 278.7 | |||||||||||||||||||
Other noncurrent liabilities | (0.9 | ) | (0.9 | ) | (0.9 | ) | ||||||||||||||||
Foreign exchange contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 6.7 | 6.7 | 6.7 | |||||||||||||||||||
Other current liabilities | (7.1 | ) | (7.1 | ) | (7.1 | ) | ||||||||||||||||
Equity contracts designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (149.6 | ) | (149.6 | ) | (149.6 | ) | ||||||||||||||||
Risk-management instruments above are disclosed on a gross basis. There are various rights of setoff associated with certain of the risk-management instruments above that are subject to an enforceable master netting arrangement or similar agreements. Although various rights of setoff and master netting arrangements or similar agreements may exist with the individual counterparties to the risk-management instruments above, individually, these financial rights are not material. | ||||||||||||||||||||||
We determine fair values based on a market approach using quoted market values, significant other observable inputs for identical or comparable assets or liabilities, or discounted cash flow analyses. The fair value of equity method investments and other investments is not readily available. | ||||||||||||||||||||||
In February 2014, we issued $600.0 million of 1.95% and $400.0 million of 4.65% fixed-rate notes with interest to be paid semi-annually and maturity dates of March 15, 2019, and June 15, 2044, respectively. Current maturities of long-term debt of $1.00 billion were repaid in March 2014. | ||||||||||||||||||||||
The table below summarizes the contractual maturities of our investments in debt securities measured at fair value as of June 30, 2014: | ||||||||||||||||||||||
Maturities by Period | ||||||||||||||||||||||
Total | Less Than | 5-Feb | 10-Jun | More Than | ||||||||||||||||||
1 Year | Years | Years | 10 Years | |||||||||||||||||||
Fair value of debt securities | $ | 7,403.40 | $ | 1,221.40 | $ | 5,449.60 | $ | 334.2 | $ | 398.2 | ||||||||||||
A summary of the fair value of available-for-sale securities in an unrealized gain or loss position and the amount of unrealized gains and losses (pretax) in accumulated other comprehensive loss follows: | ||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||
Unrealized gross gains | $ | 206.8 | $ | 375.6 | ||||||||||||||||||
Unrealized gross losses | 14.9 | 59.8 | ||||||||||||||||||||
Fair value of securities in an unrealized gain position | 5,422.50 | 4,982.70 | ||||||||||||||||||||
Fair value of securities in an unrealized loss position | 1,771.60 | 3,664.70 | ||||||||||||||||||||
Other-than-temporary impairment losses on investment securities of $7.4 million were recognized in the consolidated condensed statement of operations for the three and six months ended June 30, 2014. Other-than-temporary impairment losses on investment securities of $5.2 million were recognized in the consolidated condensed statement of operations for the six months ended June 30, 2013. No charges were recognized during the second quarter of 2013. For fixed-income securities, the amount of credit losses represents the difference between the present value of cash flows expected to be collected on these securities and the amortized cost. Factors considered in assessing the credit loss were the position in the capital structure, vintage and amount of collateral, delinquency rates, current credit support, and geographic concentration. | ||||||||||||||||||||||
The securities in an unrealized loss position include fixed-rate debt securities of varying maturities. The value of fixed-income securities is sensitive to changes in the yield curve and other market conditions. Approximately 85 percent of the securities in a loss position are investment-grade debt securities. At this time, there is no indication of default on interest or principal payments for debt securities other than those for which an other-than-temporary impairment charge has been recorded. We do not intend to sell, and it is not more likely than not that we will be required to sell, the securities in a loss position before the market values recover or the underlying cash flows have been received, and we have concluded that no additional other-than-temporary loss is required to be charged to earnings as of June 30, 2014. | ||||||||||||||||||||||
Activity related to our investment portfolio, substantially all of which related to available-for-sale securities, was as follows: | ||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||
Proceeds from sales | $ | 3,447.00 | $ | 3,587.60 | $ | 7,189.20 | $ | 6,939.70 | ||||||||||||||
Realized gross gains on sales | 84.8 | 28.2 | 164.6 | 38.2 | ||||||||||||||||||
Realized gross losses on sales | 11.1 | 5.4 | 15.1 | 7.9 | ||||||||||||||||||
Realized gains and losses on sales of investments are computed based upon specific identification of the initial cost adjusted for any other-than-temporary declines in fair value that were recorded in earnings. |
StockBased_Compensation
Stock-Based Compensation | 6 Months Ended |
Jun. 30, 2014 | |
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract] | ' |
Stock-Based Compensation [Text Block] | ' |
Note 7: Stock-Based Compensation | |
Our stock-based compensation expense consists of performance awards (PAs), shareholder value awards (SVAs), and restricted stock units (RSUs). We recognized pretax stock-based compensation expense of $38.6 million and $33.7 million for the three months ended June 30, 2014 and 2013, respectively, and $76.9 million and $68.8 million for the six months ended June 30, 2014 and 2013, respectively. | |
PAs are granted to officers and management and are payable in shares of our common stock. The number of PA shares actually issued, if any, varies depending on the achievement of certain pre-established earnings-per-share targets over a two-year period. PA shares are accounted for at fair value based upon the closing stock price on the date of grant and fully vest at the end of the measurement periods. As of June 30, 2014, the total remaining unrecognized compensation cost related to nonvested PAs was $39.9 million, which will be amortized over the weighted-average remaining requisite service period of 15 months. | |
SVAs are granted to officers and management and are payable in shares of common stock at the end of a three-year period. The number of shares actually issued, if any, varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices. We measure the fair value of the SVA unit on the grant date using a Monte Carlo simulation model. The model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award. As of June 30, 2014, the total remaining unrecognized compensation cost related to nonvested SVAs was $81.5 million, which will be amortized over the weighted-average remaining requisite service period of 24 months. | |
RSUs are granted to certain employees and are payable in shares of our common stock. RSU shares are accounted for at fair value based upon the closing stock price on the date of grant. The corresponding expense is amortized over the vesting period, typically three years. As of June 30, 2014, the total remaining unrecognized compensation cost related to nonvested RSUs was $89.7 million, which will be amortized over the weighted-average remaining requisite service period of 25 months. |
Shareholders_Equity
Shareholders' Equity | 6 Months Ended |
Jun. 30, 2014 | |
Equity, Class of Treasury Stock [Line Items] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Note 8: Shareholders’ Equity | |
During the six months ended June 30, 2014, we purchased $200.0 million of shares associated with our previously announced $5.00 billion share repurchase program. During the six months ended June 30, 2013, we purchased the remaining $1.10 billion of shares associated with our $1.50 billion share repurchase program. |
Income_Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes [Text Block] | ' |
Note 9: Income Taxes | |
The U.S. examinations related to tax years 2010-2012 commenced during the fourth quarter of 2013. Because the examination of tax years 2010-2012 is still in the early stages, the resolution of matters in this audit period will likely extend beyond the next 12 months. |
Retirement_Benefits
Retirement Benefits | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ' | ||||||||||||||||
Retirement Benefits [Text Block] | ' | ||||||||||||||||
Note 10: Retirement Benefits | |||||||||||||||||
Net pension and retiree health benefit expense included the following components: | |||||||||||||||||
Defined Benefit Pension Plans | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Components of net periodic benefit cost: | |||||||||||||||||
Service cost | $ | 67.6 | $ | 71.1 | $ | 130.3 | $ | 140.8 | |||||||||
Interest cost | 118 | 108.9 | 237.2 | 218.3 | |||||||||||||
Expected return on plan assets | (189.1 | ) | (174.8 | ) | (378.4 | ) | (349.7 | ) | |||||||||
Amortization of prior service cost | 0.9 | 2.6 | 1.8 | — | 5.2 | ||||||||||||
Recognized actuarial loss | 69.4 | 99.2 | 138.5 | 195.2 | |||||||||||||
Net periodic benefit cost | $ | 66.8 | $ | 107 | $ | 129.4 | $ | 209.8 | |||||||||
Retiree Health Benefit Plans | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Components of net periodic benefit (income) cost: | |||||||||||||||||
Service cost | $ | 11.7 | $ | 15.1 | $ | 23 | $ | 30.2 | |||||||||
Interest cost | 22.6 | 23.3 | 43.8 | 46.7 | |||||||||||||
Expected return on plan assets | (35.9 | ) | (32.7 | ) | (71.9 | ) | (65.5 | ) | |||||||||
Amortization of prior service benefit | (7.3 | ) | (5.9 | ) | (14.6 | ) | (12.8 | ) | |||||||||
Recognized actuarial loss | 5 | 23.2 | 10.1 | 46.2 | |||||||||||||
Net periodic benefit (income) cost | $ | (3.9 | ) | $ | 23 | $ | (9.6 | ) | $ | 44.8 | |||||||
Contributions to our global defined benefit pension and post-retirement health benefit plans to satisfy minimum funding requirements as well as additional discretionary funding in the aggregate were not material during the six months ended June 30, 2014, and are not expected to be material for the remainder of 2014. |
Contingencies
Contingencies | 6 Months Ended |
Jun. 30, 2014 | |
Loss Contingency, Information about Litigation Matters [Abstract] | ' |
Contingencies [Text Block] | ' |
Note 11: Contingencies | |
We are a party to various legal actions and government investigations. The most significant of these are described below. It is not possible to determine the outcome of these matters and we cannot reasonably estimate the maximum potential exposure or the range of possible loss in excess of amounts accrued for any of these matters; however, we believe that, except as noted below with respect to the Alimta® patent litigation and administrative proceedings, the resolution of all such matters will not have a material adverse effect on our consolidated financial position or liquidity, but could possibly be material to our consolidated results of operations in any one accounting period. | |
Alimta Patent Litigation and Administrative Proceedings | |
A number of generic manufacturers are seeking approvals in various countries to market generic forms of Alimta prior to the expiration of our vitamin dosage regimen patents, alleging that those patents are invalid, not infringed, or both. We believe our Alimta vitamin dosage patents are valid and enforceable against these generic manufacturers and we expect to prevail in these proceedings. However, it is not possible to determine the ultimate outcome of the proceedings, and accordingly, we can provide no assurance that we will prevail. An unfavorable outcome could have a material adverse impact on our future consolidated results of operations, liquidity, and financial position. We expect a loss of exclusivity for Alimta would result in a rapid and severe decline in future revenues in the relevant market. | |
U.S. Patent Litigation | |
We are engaged in various U.S. patent litigation matters involving Alimta brought pursuant to procedures set out in the Drug Price Competition and Patent Term Restoration Act of 1984 (the Hatch-Waxman Act). Teva Parenteral Medicines, Inc. (Teva); APP Pharmaceuticals, LLC (APP); Barr Laboratories, Inc. (Barr); Pliva Hrvatska D.O.O. (Pliva); Accord Healthcare Inc. (Accord), Apotex Inc. (Apotex), Sun Pharmaceutical Industries, Ltd. (Sun); Sun Pharma Global FZE (Sun Global); and Glenmark Generics Inc., USA (Glenmark) each submitted Abbreviated New Drug Applications (ANDAs) seeking approval to market generic versions of Alimta prior to the expiration of our vitamin dosage regimen patent (expiring in 2021 plus pediatric exclusivity expiring in 2022) and alleging the patent is invalid. | |
In October 2010, we filed a lawsuit in the U.S. District Court for the Southern District of Indiana against Teva, APP, Pliva, and Barr seeking rulings that the U.S. vitamin dosage regimen patent is valid and infringed. Teva and APP stipulated to infringement of our vitamin dosage regimen patent, with the contingency that Teva and APP would be permitted to litigate the issue of infringement if the U.S. Supreme Court vacated an en banc decision of the Federal Circuit that dealt with the issues of liability related to infringement (Akamai v. Limelight Networks). Thus, the sole issue before the district court was to determine the issue of patent validity. | |
Trial in this case occurred in August 2013. In March 2014, the court ruled that the asserted claims of the vitamin dosage patent are valid. The defendants filed their notice of appeal in April 2014. In January 2012 and April 2012, we filed similar lawsuits in the same court against Accord and Apotex, respectively. We filed a second lawsuit against Accord in February 2013. The Accord and Apotex cases have been consolidated and stayed by the court and the parties have agreed to be bound by the outcome of the Teva/APP litigation. In September 2013, we filed a similar lawsuit in the same court against Sun and Sun Global seeking a ruling that our patent is valid and infringed. This case has been stayed, and we and Sun have agreed to be bound by the outcome of the Teva/APP litigation. In January 2014, we filed a similar lawsuit in the same court against Glenmark seeking a ruling that our patent is valid and infringed. That case was amended in March 2014 to add two related Glenmark companies. This case has been stayed, and Lilly and Glenmark have agreed to be bound by the outcome of the Teva/APP litigation. | |
In June of 2014, the U.S. Supreme Court vacated the Akamai decision. In July of 2014, the court of appeals entered an order remanding the case back to the district court to consider the issue of infringement. Further proceedings on the merits of the issue of infringement have not yet been scheduled. | |
European Patent Litigation and Administrative Proceedings | |
Generic manufacturers filed an opposition to the European Patent Office's decision to grant us a vitamin dosage regimen patent. The Opposition Division of the European Patent Office upheld the patent and the generic manufacturers lodged an appeal. In addition, in the UK, Actavis Group ehf and other Actavis companies filed litigation asking for a declaratory judgment that commercialization of certain salt forms of pemetrexed (the active ingredient in Alimta) would not infringe the vitamin dosage regimen patents in the UK, Italy, France, Germany, and Spain. This trial occurred in April 2014. In May 2014, the court ruled that the vitamin dosage patents for Alimta would not be infringed by the defendants' commercialization of alternative salt forms of pemetrexed, after expiration of the compound patents in 2015. We filed a motion to appeal the court's ruling in June 2014. | |
We commenced separate infringement proceedings against certain Actavis companies in Germany. The German case was heard by the trial court in March 2014. In April 2014, the German trial court ruled in our favor. The defendants filed their notice of appeal in May 2014. | |
Japanese Administrative Proceedings | |
We were notified in March 2014 that one generic manufacturer, Sawai Pharmaceutical Company Limited, has filed a demand for invalidation of the vitamin dosage regimen patent with the Japanese Patent Office. We are in the process of answering the demand. | |
Actos® Product Liability Litigation | |
We are named along with Takeda Chemical Industries, Ltd., and Takeda affiliates as a defendant in approximately 4,200 product liability cases in the U.S. related to the diabetes medication Actos, which we co-promoted with Takeda in the U.S. from 1999 until September 2006. Our agreement with Takeda calls for Takeda to defend and indemnify us against our losses and expenses with respect to the U.S. product liability litigation and other related expenses in accordance with the terms of the agreement. | |
In general, plaintiffs in these actions allege that Actos caused or contributed to their bladder cancer. Almost all of the active cases have been consolidated in federal multi-district litigation in the Western District of Louisiana or are pending in a coordinated state court proceeding in California or a coordinated state court proceeding in Illinois. We believe these lawsuits are without merit, and we and Takeda are prepared to defend against them vigorously. | |
On April 7, 2014, a jury in the Western District of Louisiana found in favor of the plaintiffs in the case of Terrence Allen, et al. v. Takeda Pharmaceuticals, et al., no. 6:12-md-00064. Because of the existence of the indemnification agreement, Lilly tendered its defense of the case to Takeda. The jury awarded $1.5 million in compensatory damages to plaintiffs (allocated 75 percent to Takeda and 25 percent to us) and punitive damages of $6.00 billion against Takeda and $3.00 billion against us. We believe the evidence did not support plaintiffs’ claims and strongly disagree with the verdict. We and Takeda intend to vigorously challenge this outcome through all available legal means. | |
After the jury reached a verdict in Allen, Takeda notified us that it was reserving its right to challenge its obligations to defend and indemnify us with respect to the Allen case. We believe we are entitled to full indemnification of our losses and expenses in Allen and all other U.S. cases; however, there can be no guarantee we will ultimately be successful in obtaining full indemnification. | |
We are also named along with Takeda as a defendant in three purported product liability class actions in Canada related to Actos, including one in Ontario (Casseres et al. v. Takeda Pharmaceutical North America, Inc., et al.), one in Quebec (Whyte et al. v. Eli Lilly et al.), and one in Alberta (Epp v. Takeda Canada et al.). We promoted Actos in Canada until 2009. We believe these claims are without merit and are prepared to defend against them vigorously. | |
Byetta Product Liability Litigation | |
We are named as a defendant in approximately 360 Byetta product liability lawsuits involving approximately 800 plaintiffs. Approximately 95 of these lawsuits, covering about 500 plaintiffs, are filed in California state court and coordinated in a Los Angeles Superior Court. Approximately 260 lawsuits, covering about 290 plaintiffs, are filed in federal court, the majority of which are coordinated in a multi-district litigation in the Southern District of California. The remaining approximately 10 lawsuits, representing about 10 plaintiffs, are in various state courts. Approximately 300 of the lawsuits, involving approximately 415 plaintiffs, contain allegations that Byetta caused or contributed to the plaintiffs' cancer (primarily pancreatic cancer or thyroid cancer). We are aware of approximately 400 additional claimants who have not yet filed suit. The majority of these additional claims allege damages for pancreatitis. We believe these lawsuits and claims are without merit and are prepared to defend against them vigorously. | |
Prozac® Product Liability Litigation | |
We are named as a defendant in approximately 10 U.S. lawsuits primarily related to allegations that the antidepressant Prozac caused or contributed to birth defects in the children of women who ingested the drug during pregnancy. We are aware of approximately 550 additional claims related to birth defects, which have not yet been filed. We believe these lawsuits and claims are without merit and are prepared to defend against them vigorously. | |
Brazil–Employee Litigation | |
Our subsidiary in Brazil, Eli Lilly do Brasil (Lilly Brasil), is named in a lawsuit brought by the Labor Attorney for 15th Region in the Labor Court of Paulinia, State of Sao Paulo, Brazil, alleging possible harm to employees and former employees caused by exposure to heavy metals at a former Lilly manufacturing facility in Cosmopolis, Brazil, operated by the company between 1977 and 2003. The plaintiffs allege that some employees at the facility were exposed to benzene and heavy metals; however, Lilly Brasil maintains that these alleged contaminants were never used in the facility. In May 2014, the labor court judge ruled against Lilly Brasil. The judge's ruling orders Lilly Brasil to undertake several actions of unspecified financial impact, including paying lifetime medical insurance for the employees and contractors who worked at the Cosmopolis facility more than 6 months during the affected years and their children born during and after this period. While we cannot currently estimate the range of reasonably possible financial losses that could arise in the event we do not ultimately prevail in the litigation, the judge has estimated the total financial impact of the ruling to be approximately $450 million plus interest. We strongly disagree with the decision and filed an appeal in May 2014. We are also named in approximately 30 lawsuits filed in the same court by individual former employees making similar claims. We believe these lawsuits are without merit and are prepared to defend against them vigorously. | |
Product Liability Insurance | |
Because of the nature of pharmaceutical products, it is possible that we could become subject to large numbers of product liability and related claims in the future. Due to a very restrictive market for product liability insurance, we are self-insured for product liability losses for all our currently marketed products. |
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) (Notes) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||||||||||
Note 12: Other Comprehensive Income (Loss) | ||||||||||||||||||||
The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended June 30, 2014 and June 30, 2013: | ||||||||||||||||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at April 1, 2014 | $ | 459.7 | $ | 166.2 | $ | (2,443.5 | ) | $ | (139.7 | ) | $ | (1,957.3 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 8.2 | 6.4 | (8.0 | ) | (4.4 | ) | 2.2 | |||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (47.9 | ) | 48.2 | 19.5 | 19.8 | ||||||||||||||
Net other comprehensive income (loss) | 8.2 | (41.5 | ) | 40.2 | 15.1 | 22 | ||||||||||||||
Balance at June 30, 2014 | $ | 467.9 | $ | 124.7 | $ | (2,403.3 | ) | $ | (124.6 | ) | $ | (1,935.3 | ) | |||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at April 1, 2013 | $ | 80.8 | $ | 90.5 | $ | (4,086.7 | ) | $ | (99.0 | ) | $ | (4,014.4 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 12.1 | (23.0 | ) | 5.3 | (5.8 | ) | (11.4 | ) | ||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (0.5 | ) | 76.2 | 1.4 | 77.1 | ||||||||||||||
Net other comprehensive income (loss) | 12.1 | (23.5 | ) | 81.5 | (4.4 | ) | 65.7 | |||||||||||||
Balance at June 30, 2013 | $ | 92.9 | $ | 67 | $ | (4,005.2 | ) | $ | (103.4 | ) | $ | (3,948.7 | ) | |||||||
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2014 and June 30, 2013: | ||||||||||||||||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at January 1, 2014 | $ | 463 | $ | 205.2 | $ | (2,489.1 | ) | $ | (181.8 | ) | $ | (2,002.7 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 4.9 | 16.7 | (6.5 | ) | 10.7 | 25.8 | ||||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (97.2 | ) | 92.3 | 46.5 | 41.6 | ||||||||||||||
Net other comprehensive income (loss) | 4.9 | (80.5 | ) | 85.8 | 57.2 | 67.4 | ||||||||||||||
Balance at June 30, 2014 | $ | 467.9 | $ | 124.7 | $ | (2,403.3 | ) | $ | (124.6 | ) | $ | (1,935.3 | ) | |||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at January 1, 2013 | $ | 426.8 | $ | 72.5 | $ | (4,195.2 | ) | $ | (101.2 | ) | $ | (3,797.1 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (333.9 | ) | (1.7 | ) | 37.7 | (5.1 | ) | (303.0 | ) | |||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (3.8 | ) | 152.3 | 2.9 | 151.4 | ||||||||||||||
Net other comprehensive income (loss) | (333.9 | ) | (5.5 | ) | 190 | (2.2 | ) | (151.6 | ) | |||||||||||
Balance at June 30, 2013 | $ | 92.9 | $ | 67 | $ | (4,005.2 | ) | $ | (103.4 | ) | $ | (3,948.7 | ) | |||||||
The tax effect on the unrealized net gains (losses) on securities was a benefit of $22.3 million and $11.6 million for the three months ended June 30, 2014 and 2013, respectively, and a benefit of $43.5 million and $1.8 million for the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||||||
The tax effect related to our defined benefit pension and retiree health benefit plans was an expense of $16.5 million and $42.1 million for the three months ended June 30, 2014 and 2013, respectively, and an expense of $40.0 million and $89.1 million for the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||||||
The tax effect on the effective portion of cash flow hedges was an expense of $8.2 million and a benefit of $2.3 million for the three months ended June 30, 2014 and 2013, respectively, and an expense of $30.6 million and a benefit of $1.3 million for the six months ended June 30, 2014 and 2013, respectively. Income taxes are not provided for foreign currency translation. | ||||||||||||||||||||
Reclassifications Out of Accumulated Other | ||||||||||||||||||||
Comprehensive Loss | ||||||||||||||||||||
Details about Accumulated Other Comprehensive Loss Components | Three Months Ended | Six Months Ended | Affected line Item in the Consolidated Condensed Statements of Operations | |||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Amortization of defined pension benefit items: | ||||||||||||||||||||
Prior service benefits, net | $ | (6.4 | ) | $ | (3.3 | ) | $ | (12.8 | ) | $ | (7.6 | ) | (1) | |||||||
Actuarial losses | 74.4 | 122.4 | 148.6 | 241.4 | (1) | |||||||||||||||
Total before tax | 68 | 119.1 | 135.8 | 233.8 | ||||||||||||||||
Tax benefit | (19.8 | ) | (42.9 | ) | (43.5 | ) | (81.5 | ) | ||||||||||||
Net of tax | 48.2 | 76.2 | 92.3 | 152.3 | ||||||||||||||||
Unrealized gains/losses on available-for-sale securities: | ||||||||||||||||||||
Realized gains, net | (73.7 | ) | (0.8 | ) | (149.5 | ) | (8.3 | ) | Other–net, (income) expense | |||||||||||
Impairment losses | — | — | — | 2.5 | Other–net, (income) expense | |||||||||||||||
Total before tax | (73.7 | ) | (0.8 | ) | (149.5 | ) | (5.8 | ) | ||||||||||||
Tax expense | 25.8 | 0.3 | 52.3 | 2 | ||||||||||||||||
Net of tax | (47.9 | ) | (0.5 | ) | (97.2 | ) | (3.8 | ) | ||||||||||||
Other, net of tax | 19.5 | 1.4 | 46.5 | 2.9 | Other–net, (income) expense | |||||||||||||||
Total reclassifications for the period (net of tax) | $ | 19.8 | $ | 77.1 | $ | 41.6 | $ | 151.4 | ||||||||||||
1 | These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10). |
OtherNet_Expense_Income
Other-Net, Expense (Income) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Nonoperating Income (Expense) [Abstract] | ' | |||||||||||||||
Other - Net, Expense (Income) [Text Block] | ' | |||||||||||||||
Note 13: Other–Net, (Income) Expense | ||||||||||||||||
Other–net, (income) expense consisted of the following: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Interest expense | $ | 35.5 | $ | 40.3 | $ | 73.3 | $ | 80.6 | ||||||||
Interest income | (33.6 | ) | (29.7 | ) | (68.0 | ) | (53.3 | ) | ||||||||
Income related to termination of the exenatide collaboration with Amylin (Note 4) | — | — | — | (495.4 | ) | |||||||||||
Other | (55.7 | ) | (22.5 | ) | (115.1 | ) | (73.0 | ) | ||||||||
Other–net, (income) expense | $ | (53.8 | ) | $ | (11.9 | ) | $ | (109.8 | ) | $ | (541.1 | ) | ||||
Other–net, income of $541.1 million for the first six months of 2013 is primarily related to the income recognized from the transfer to Amylin of exenatide commercial rights in all markets outside the United States. See Note 4 for additional information. |
Segment_Information
Segment Information | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | |||||||||||||||
Note 14: Segment Information | ||||||||||||||||
We operate in two business segments—human pharmaceutical products and animal health. Our business segments are distinguished by the ultimate end user of the product—humans or animals. Performance is evaluated based on profit or loss from operations before income taxes. | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Segment revenue—to unaffiliated customers: | ||||||||||||||||
Human pharmaceutical products: | ||||||||||||||||
Endocrinology | $ | 1,739.60 | $ | 1,784.30 | $ | 3,378.80 | $ | 3,509.20 | ||||||||
Neuroscience | 893.7 | 2,004.50 | 1,858.10 | 3,853.40 | ||||||||||||
Oncology | 858.4 | 808.1 | 1,622.70 | 1,572.30 | ||||||||||||
Cardiovascular | 765.3 | 731.3 | 1,478.10 | 1,425.30 | ||||||||||||
Other pharmaceuticals | 77.4 | 58 | 152.4 | 129.1 | ||||||||||||
Total human pharmaceutical products | 4,334.40 | 5,386.20 | 8,490.10 | 10,489.30 | ||||||||||||
Animal health | 601.2 | 543.5 | 1,128.60 | 1,042.40 | ||||||||||||
Total segment revenue | $ | 4,935.60 | $ | 5,929.70 | $ | 9,618.70 | $ | 11,531.70 | ||||||||
Segment profits: | ||||||||||||||||
Human pharmaceutical products(1) | $ | 803.1 | $ | 1,430.70 | $ | 1,590.80 | $ | 2,778.80 | ||||||||
Animal health(2) | 137.3 | 147.7 | 271.8 | 277 | ||||||||||||
Total segment profits | $ | 940.4 | $ | 1,578.40 | $ | 1,862.60 | $ | 3,055.80 | ||||||||
Reconciliation of total segment profits to consolidated income before taxes: | ||||||||||||||||
Segment profits | $ | 940.4 | $ | 1,578.40 | $ | 1,862.60 | $ | 3,055.80 | ||||||||
Other profits (losses): | ||||||||||||||||
Income related to termination of the exenatide collaboration with Amylin (Note 4) | — | — | — | 495.4 | ||||||||||||
Asset impairment, restructuring, and other special charges (Note 5) | — | (63.5 | ) | (31.4 | ) | (85.2 | ) | |||||||||
Total consolidated income before taxes | $ | 940.4 | $ | 1,514.90 | $ | 1,831.20 | $ | 3,466.00 | ||||||||
1 | Human pharmaceutical products segment profit includes total depreciation and amortization expense of $316.0 million and $343.2 million for the three months ended June 30, 2014 and 2013, respectively, and $641.2 million and $698.9 million for the six months ended June 30, 2014 and 2013, respectively. | |||||||||||||||
2 | Animal health segment profit includes total depreciation and amortization expense of $32.4 million and $20.7 million for the three months ended June 30, 2014 and 2013, respectively, and $56.0 million and $46.5 million for the six months ended June 30, 2014 and 2013, respectively. | |||||||||||||||
For internal management reporting presented to the chief operating decision maker, certain costs are fully allocated to our human pharmaceutical products segment and therefore are not reflected in the animal health segment's profit. Such items include costs associated with treasury-related financing, global administrative services, certain acquisition-related transaction costs, and certain manufacturing costs. |
Financial_Instruments_Policies
Financial Instruments (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Fair Value Disclosures [Abstract] | ' |
Description of Derivative Risk Management Policy | 'Accounting Policy for Risk-Management InstrumentsOur derivative activities are initiated within the guidelines of documented corporate risk-management policies and do not create additional risk because gains and losses on derivative contracts offset losses and gains on the assets, liabilities, and transactions being hedged. As derivative contracts are initiated, we designate each instrument as either a fair value hedge or a cash flow hedge. Management reviews the correlation and effectiveness of our derivatives on a quarterly basis.For derivative contracts that are designated and qualify as fair value hedges, the derivative instrument is marked to market with gains and losses recognized currently in income to offset the respective losses and gains recognized on the underlying exposure. For derivative contracts that are designated and qualify as cash flow hedges, the effective portion of gains and losses on these contracts is reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period the hedged transaction affects earnings. Hedge ineffectiveness is immediately recognized in earnings. Derivative contracts that are not designated as hedging instruments are recorded at fair value with the gain or loss recognized in current earnings during the period of change.We may enter into foreign currency forward contracts to reduce the effect of fluctuating currency exchange rates (principally the euro, the British pound, and the Japanese yen). Foreign currency derivatives used for hedging are put in place using the same or like currencies and duration as the underlying exposures. Forward contracts are principally used to manage exposures arising from subsidiary trade and loan payables and receivables denominated in foreign currencies. These contracts are recorded at fair value with the gain or loss recognized in otherbnet, (income) expense. We may enter into foreign currency forward contracts and currency swaps as fair value hedges of firm commitments. Forward contracts generally have maturities not exceeding 12 months. |
Collaborations_Tables
Collaborations (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Erbitux [Member] | ' | |||||||||||||||
Schedule of Collaborative Arrangements and Non-collaborative Arrangement Transactions [Table Text Block] | ' | |||||||||||||||
The following table summarizes our revenue recognized with respect to Erbitux: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Net product sales | $ | 12.4 | $ | 12.5 | $ | 25.6 | $ | 37.7 | ||||||||
Collaboration and other revenue | 81.1 | 79.3 | 158.7 | 148.9 | ||||||||||||
Total revenue | $ | 93.5 | $ | 91.8 | $ | 184.3 | $ | 186.6 | ||||||||
Exenatide [Member] | ' | |||||||||||||||
Schedule of Collaborative Arrangements and Non-collaborative Arrangement Transactions [Table Text Block] | ' | |||||||||||||||
Exenatide | ||||||||||||||||
In November 2011, we agreed with Amylin Pharmaceuticals, Inc. (Amylin) to terminate our collaborative arrangement for the joint development, marketing, and selling of Byetta® (exenatide injection) and other forms of exenatide such as Bydureon® (exenatide extended-release for injectable suspension). Under the terms of the termination agreement, Amylin made a one-time, upfront payment to us of $250.0 million. Amylin also agreed to make future revenue-sharing payments to us in an amount equal to 15.0 percent of its global net sales of exenatide products until Amylin made aggregate payments to us of $1.20 billion plus interest, which would accrue at 9.5 percent. Upon completion of the acquisition of Amylin by Bristol-Myers Squibb Company in August 2012, Amylin's obligation of $1.26 billion, including accrued interest, was paid in full, with $1.21 billion representing a prepayment of the obligation. We would also receive a $150.0 million milestone payment contingent upon FDA approval of a once-monthly suspension version of exenatide. | ||||||||||||||||
Commercial operations were transferred to Amylin in the U.S. in late-2011. Outside the U.S., we transferred to Amylin exenatide commercial rights and control in all markets during the first quarter of 2013. We were responsible for certain development costs related to certain clinical trials outside the U.S. that we were conducting as of the date of the termination agreement as well as commercialization costs outside the U.S. until the commercial rights were transferred to Amylin. | ||||||||||||||||
Payments received from Amylin were allocated 65 percent to the U.S., which was treated as a contract termination, and 35 percent to the business outside the U.S., which was treated as the disposition of a business. The allocation was based upon relative fair values. The revenue-sharing income allocated to the U.S. was recognized as collaboration and other revenue, consistent with our policy for royalty revenue, while the income related to the prepayment of Amylin's obligation allocated to the U.S. was recognized in other–net, (income) expense. All income allocated to the business outside the U.S. that was transferred during the first quarter of 2013 was recognized as a gain on the disposition of a business in other–net, (income) expense, net of the goodwill allocated to the business transferred. | ||||||||||||||||
Under the terms of our prior arrangement, we reported as net product sales 100 percent of sales outside the U.S. and our sales of Byetta pen delivery devices to Amylin. We paid Amylin a percentage of the gross margin of exenatide sales outside of the U.S., and these costs were recorded in cost of sales. This arrangement for the commercial operations outside the U.S. continued until those rights were transferred to Amylin during the first quarter of 2013. | ||||||||||||||||
In accordance with the prior arrangement and pursuant to Amylin’s request, we loaned Amylin $165.0 million in the second quarter of 2011. This loan and related accrued interest were paid in full in August 2012. | ||||||||||||||||
We recognized net product sales of $21.0 million and $85.1 million with respect to exenatide for the three and six months ended June 30, 2013, respectively. Net product sales of exenatide were insignificant in 2014. | ||||||||||||||||
We recognized income of $495.4 million in other-net, (income) expense related to termination of the exenatide collaboration with Amylin during the first quarter of 2013. |
Financial_Instruments_Tables
Financial Instruments (Tables) | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block] | ' | |||||||||||||||||||||
The following effects of risk-management instruments were recognized in other–net, (income) expense: | ||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||
Fair value hedges: | ||||||||||||||||||||||
Effect from hedged fixed-rate debt | $ | 41.9 | $ | (144.3 | ) | $ | 93.7 | $ | (213.3 | ) | ||||||||||||
Effect from interest rate contracts | (41.9 | ) | 144.3 | (93.7 | ) | 213.3 | ||||||||||||||||
Cash flow hedges: | ||||||||||||||||||||||
Effective portion of losses on equity contracts reclassified from accumulated other comprehensive loss(1) | 27.9 | — | 67.4 | — | ||||||||||||||||||
Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss | 2.2 | 2.2 | 4.4 | 4.4 | ||||||||||||||||||
Net (gains) losses on foreign currency exchange contracts not designated as hedging instruments | 20.9 | (7.6 | ) | 20.6 | (7.5 | ) | ||||||||||||||||
Net losses on interest rate contracts not designated as hedging instruments | 1.1 | — | 1.1 | — | ||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||
The following tables summarize certain fair value information at June 30, 2014 and December 31, 2013 for assets and liabilities measured at fair value on a recurring basis, as well as the carrying amount and amortized cost of certain other investments: | ||||||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Amortized | Quoted Prices in Active Markets for Identical Assets | Significant Other | Significant | Fair | ||||||||||||||||
Amount | Cost | (Level 1) | Observable Inputs | Unobservable | Value | |||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
Cash and cash equivalents | $ | 3,765.70 | $ | 3,765.70 | $ | 3,707.30 | $ | 58.4 | $ | $ | 3,765.70 | |||||||||||
Short-term investments: | ||||||||||||||||||||||
Government-related debt securities: | ||||||||||||||||||||||
U.S. government and agencies | $ | 125.2 | $ | 125.2 | $ | 125.2 | $ | 125.2 | ||||||||||||||
Foreign and other | 60 | 60 | 60 | 60 | ||||||||||||||||||
Corporate debt securities | 1,035.00 | 1,032.20 | 1,035.00 | 1,035.00 | ||||||||||||||||||
Other securities | 1.2 | 1.2 | 1.2 | 1.2 | ||||||||||||||||||
Marketable equity | 139.4 | 37.5 | 139.4 | 139.4 | ||||||||||||||||||
Short-term investments | $ | 1,360.80 | $ | 1,256.10 | ||||||||||||||||||
Noncurrent investments: | ||||||||||||||||||||||
Government-related debt securities: | ||||||||||||||||||||||
U.S. government and agencies | $ | 804.4 | $ | 805.5 | $ | 770.3 | $ | 34.1 | $ | $ | 804.4 | |||||||||||
Foreign and other | 90.4 | 90.4 | 90.4 | 90.4 | ||||||||||||||||||
Corporate debt securities | 4,442.10 | 4,408.30 | 4,442.10 | 4,442.10 | ||||||||||||||||||
Mortgage-backed | 368.1 | 374.1 | 368.1 | 368.1 | ||||||||||||||||||
Asset-backed | 469.1 | 471 | 469.1 | 469.1 | ||||||||||||||||||
Other securities | 7.9 | 8.3 | 7.9 | 7.9 | ||||||||||||||||||
Marketable equity | 94.6 | 31.8 | 94.6 | 94.6 | ||||||||||||||||||
Equity method and other investments(1) | 373.1 | 373.1 | ||||||||||||||||||||
Noncurrent investments | $ | 6,649.70 | $ | 6,562.50 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Cash and cash equivalents | $ | 3,830.20 | $ | 3,830.20 | $ | 3,772.60 | $ | 57.6 | $ | $ | 3,830.20 | |||||||||||
Short-term investments: | ||||||||||||||||||||||
U.S. government and agencies | $ | 276.4 | $ | 276.6 | $ | 276.4 | $ | $ | $ | 276.4 | ||||||||||||
Corporate debt securities | 931.7 | 929.8 | 931.7 | 931.7 | ||||||||||||||||||
Other securities | 2.7 | 2.7 | 2.7 | 2.7 | ||||||||||||||||||
Marketable equity | 356.3 | 75 | 356.3 | 356.3 | ||||||||||||||||||
Short-term investments | $ | 1,567.10 | $ | 1,284.10 | ||||||||||||||||||
Noncurrent investments: | ||||||||||||||||||||||
U.S. government and agencies | $ | 1,115.60 | $ | 1,126.10 | $ | 1,035.60 | $ | 80 | $ | $ | 1,115.60 | |||||||||||
Corporate debt securities | 4,940.50 | 4,933.70 | 4,940.50 | 4,940.50 | ||||||||||||||||||
Mortgage-backed | 636 | 652.4 | 636 | 636 | ||||||||||||||||||
Asset-backed | 490 | 494.5 | 490 | 490 | ||||||||||||||||||
Other securities | 7.3 | 8.3 | 7.3 | 7.3 | ||||||||||||||||||
Marketable equity | 81.2 | 22.8 | 81.2 | 81.2 | ||||||||||||||||||
Equity method and other investments(1) | 354.3 | 354.3 | ||||||||||||||||||||
Noncurrent investments | $ | 7,624.90 | $ | 7,592.10 | ||||||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Quoted Prices in Active Markets for Identical Assets | Significant | Significant | Fair | |||||||||||||||||
Amount | (Level 1) | Other Observable Inputs | Unobservable | Value | ||||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
Long-term debt, including current portion | ||||||||||||||||||||||
June 30, 2014 | $ | (5,311.3 | ) | $ | $ | (5,671.6 | ) | $ | $ | (5,671.6 | ) | |||||||||||
31-Dec-13 | (5,212.9 | ) | (5,490.9 | ) | (5,490.9 | ) | ||||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||
The table below summarizes the contractual maturities of our investments in debt securities measured at fair value as of June 30, 2014: | ||||||||||||||||||||||
Maturities by Period | ||||||||||||||||||||||
Total | Less Than | 5-Feb | 10-Jun | More Than | ||||||||||||||||||
1 Year | Years | Years | 10 Years | |||||||||||||||||||
Fair value of debt securities | $ | 7,403.40 | $ | 1,221.40 | $ | 5,449.60 | $ | 334.2 | $ | 398.2 | ||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||||||
Description | Carrying | Quoted Prices in Active Markets for Identical Assets | Significant | Significant | Fair | |||||||||||||||||
Amount | (Level 1) | Other Observable Inputs | Unobservable | Value | ||||||||||||||||||
(Level 2) | Inputs | |||||||||||||||||||||
(Level 3) | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
Risk-management instruments | ||||||||||||||||||||||
Interest rate contracts designated as hedging instruments: | ||||||||||||||||||||||
Sundry | $ | 375.2 | $ | 375.2 | $ | 375.2 | ||||||||||||||||
Other current liabilities | (13.5 | ) | (13.5 | ) | (13.5 | ) | ||||||||||||||||
Other noncurrent liabilities | (0.3 | ) | (0.3 | ) | (0.3 | ) | ||||||||||||||||
Interest rate contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (1.1 | ) | (1.1 | ) | (1.1 | ) | ||||||||||||||||
Foreign exchange contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 7.5 | 7.5 | 7.5 | |||||||||||||||||||
Other current liabilities | (6.7 | ) | (6.7 | ) | (6.7 | ) | ||||||||||||||||
Equity contracts designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (29.1 | ) | (29.1 | ) | (29.1 | ) | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||
Risk-management instruments | ||||||||||||||||||||||
Interest rate contracts designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 20.1 | 20.1 | 20.1 | |||||||||||||||||||
Sundry | 278.7 | 278.7 | 278.7 | |||||||||||||||||||
Other noncurrent liabilities | (0.9 | ) | (0.9 | ) | (0.9 | ) | ||||||||||||||||
Foreign exchange contracts not designated as hedging instruments: | ||||||||||||||||||||||
Other receivables | 6.7 | 6.7 | 6.7 | |||||||||||||||||||
Other current liabilities | (7.1 | ) | (7.1 | ) | (7.1 | ) | ||||||||||||||||
Equity contracts designated as hedging instruments: | ||||||||||||||||||||||
Other current liabilities | (149.6 | ) | (149.6 | ) | (149.6 | ) | ||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | |||||||||||||||||||||
A summary of the fair value of available-for-sale securities in an unrealized gain or loss position and the amount of unrealized gains and losses (pretax) in accumulated other comprehensive loss follows: | ||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||
Unrealized gross gains | $ | 206.8 | $ | 375.6 | ||||||||||||||||||
Unrealized gross losses | 14.9 | 59.8 | ||||||||||||||||||||
Fair value of securities in an unrealized gain position | 5,422.50 | 4,982.70 | ||||||||||||||||||||
Fair value of securities in an unrealized loss position | 1,771.60 | 3,664.70 | ||||||||||||||||||||
Gain (Loss) on Investments [Table Text Block] | ' | |||||||||||||||||||||
Activity related to our investment portfolio, substantially all of which related to available-for-sale securities, was as follows: | ||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||
Proceeds from sales | $ | 3,447.00 | $ | 3,587.60 | $ | 7,189.20 | $ | 6,939.70 | ||||||||||||||
Realized gross gains on sales | 84.8 | 28.2 | 164.6 | 38.2 | ||||||||||||||||||
Realized gross losses on sales | 11.1 | 5.4 | 15.1 | 7.9 | ||||||||||||||||||
Retirement_Benefits_Tables
Retirement Benefits (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Pension Plans, Defined Benefit [Member] | ' | ||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||
Net pension and retiree health benefit expense included the following components: | |||||||||||||||||
Defined Benefit Pension Plans | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Components of net periodic benefit cost: | |||||||||||||||||
Service cost | $ | 67.6 | $ | 71.1 | $ | 130.3 | $ | 140.8 | |||||||||
Interest cost | 118 | 108.9 | 237.2 | 218.3 | |||||||||||||
Expected return on plan assets | (189.1 | ) | (174.8 | ) | (378.4 | ) | (349.7 | ) | |||||||||
Amortization of prior service cost | 0.9 | 2.6 | 1.8 | — | 5.2 | ||||||||||||
Recognized actuarial loss | 69.4 | 99.2 | 138.5 | 195.2 | |||||||||||||
Net periodic benefit cost | $ | 66.8 | $ | 107 | $ | 129.4 | $ | 209.8 | |||||||||
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||
Retiree Health Benefit Plans | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Components of net periodic benefit (income) cost: | |||||||||||||||||
Service cost | $ | 11.7 | $ | 15.1 | $ | 23 | $ | 30.2 | |||||||||
Interest cost | 22.6 | 23.3 | 43.8 | 46.7 | |||||||||||||
Expected return on plan assets | (35.9 | ) | (32.7 | ) | (71.9 | ) | (65.5 | ) | |||||||||
Amortization of prior service benefit | (7.3 | ) | (5.9 | ) | (14.6 | ) | (12.8 | ) | |||||||||
Recognized actuarial loss | 5 | 23.2 | 10.1 | 46.2 | |||||||||||||
Net periodic benefit (income) cost | $ | (3.9 | ) | $ | 23 | $ | (9.6 | ) | $ | 44.8 | |||||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Statement of Comprehensive Income [Abstract] | ' | |||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at January 1, 2013 | $ | 426.8 | $ | 72.5 | $ | (4,195.2 | ) | $ | (101.2 | ) | $ | (3,797.1 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (333.9 | ) | (1.7 | ) | 37.7 | (5.1 | ) | (303.0 | ) | |||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (3.8 | ) | 152.3 | 2.9 | 151.4 | ||||||||||||||
Net other comprehensive income (loss) | (333.9 | ) | (5.5 | ) | 190 | (2.2 | ) | (151.6 | ) | |||||||||||
Balance at June 30, 2013 | $ | 92.9 | $ | 67 | $ | (4,005.2 | ) | $ | (103.4 | ) | $ | (3,948.7 | ) | |||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at April 1, 2014 | $ | 459.7 | $ | 166.2 | $ | (2,443.5 | ) | $ | (139.7 | ) | $ | (1,957.3 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 8.2 | 6.4 | (8.0 | ) | (4.4 | ) | 2.2 | |||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (47.9 | ) | 48.2 | 19.5 | 19.8 | ||||||||||||||
Net other comprehensive income (loss) | 8.2 | (41.5 | ) | 40.2 | 15.1 | 22 | ||||||||||||||
Balance at June 30, 2014 | $ | 467.9 | $ | 124.7 | $ | (2,403.3 | ) | $ | (124.6 | ) | $ | (1,935.3 | ) | |||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at April 1, 2013 | $ | 80.8 | $ | 90.5 | $ | (4,086.7 | ) | $ | (99.0 | ) | $ | (4,014.4 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 12.1 | (23.0 | ) | 5.3 | (5.8 | ) | (11.4 | ) | ||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (0.5 | ) | 76.2 | 1.4 | 77.1 | ||||||||||||||
Net other comprehensive income (loss) | 12.1 | (23.5 | ) | 81.5 | (4.4 | ) | 65.7 | |||||||||||||
Balance at June 30, 2013 | $ | 92.9 | $ | 67 | $ | (4,005.2 | ) | $ | (103.4 | ) | $ | (3,948.7 | ) | |||||||
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2014 and June 30, 2013: | ||||||||||||||||||||
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | Unrealized Net Gains (Losses) on Securities | Defined Benefit Pension and Retiree Health Benefit Plans | Effective Portion of Cash Flow Hedges | Accumulated Other Comprehensive Loss | |||||||||||||||
Balance at January 1, 2014 | $ | 463 | $ | 205.2 | $ | (2,489.1 | ) | $ | (181.8 | ) | $ | (2,002.7 | ) | |||||||
Other comprehensive income (loss) before reclassifications | 4.9 | 16.7 | (6.5 | ) | 10.7 | 25.8 | ||||||||||||||
Net amount reclassified from accumulated other comprehensive loss | — | (97.2 | ) | 92.3 | 46.5 | 41.6 | ||||||||||||||
Net other comprehensive income (loss) | 4.9 | (80.5 | ) | 85.8 | 57.2 | 67.4 | ||||||||||||||
Balance at June 30, 2014 | $ | 467.9 | $ | 124.7 | $ | (2,403.3 | ) | $ | (124.6 | ) | $ | (1,935.3 | ) | |||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||
Reclassifications Out of Accumulated Other | ||||||||||||||||||||
Comprehensive Loss | ||||||||||||||||||||
Details about Accumulated Other Comprehensive Loss Components | Three Months Ended | Six Months Ended | Affected line Item in the Consolidated Condensed Statements of Operations | |||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Amortization of defined pension benefit items: | ||||||||||||||||||||
Prior service benefits, net | $ | (6.4 | ) | $ | (3.3 | ) | $ | (12.8 | ) | $ | (7.6 | ) | (1) | |||||||
Actuarial losses | 74.4 | 122.4 | 148.6 | 241.4 | (1) | |||||||||||||||
Total before tax | 68 | 119.1 | 135.8 | 233.8 | ||||||||||||||||
Tax benefit | (19.8 | ) | (42.9 | ) | (43.5 | ) | (81.5 | ) | ||||||||||||
Net of tax | 48.2 | 76.2 | 92.3 | 152.3 | ||||||||||||||||
Unrealized gains/losses on available-for-sale securities: | ||||||||||||||||||||
Realized gains, net | (73.7 | ) | (0.8 | ) | (149.5 | ) | (8.3 | ) | Other–net, (income) expense | |||||||||||
Impairment losses | — | — | — | 2.5 | Other–net, (income) expense | |||||||||||||||
Total before tax | (73.7 | ) | (0.8 | ) | (149.5 | ) | (5.8 | ) | ||||||||||||
Tax expense | 25.8 | 0.3 | 52.3 | 2 | ||||||||||||||||
Net of tax | (47.9 | ) | (0.5 | ) | (97.2 | ) | (3.8 | ) | ||||||||||||
Other, net of tax | 19.5 | 1.4 | 46.5 | 2.9 | Other–net, (income) expense | |||||||||||||||
Total reclassifications for the period (net of tax) | $ | 19.8 | $ | 77.1 | $ | 41.6 | $ | 151.4 | ||||||||||||
Other_Net_Expense_Income_Table
Other - Net, Expense (Income) (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Nonoperating Income (Expense) [Abstract] | ' | |||||||||||||||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | |||||||||||||||
Other–net, (income) expense consisted of the following: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Interest expense | $ | 35.5 | $ | 40.3 | $ | 73.3 | $ | 80.6 | ||||||||
Interest income | (33.6 | ) | (29.7 | ) | (68.0 | ) | (53.3 | ) | ||||||||
Income related to termination of the exenatide collaboration with Amylin (Note 4) | — | — | — | (495.4 | ) | |||||||||||
Other | (55.7 | ) | (22.5 | ) | (115.1 | ) | (73.0 | ) | ||||||||
Other–net, (income) expense | $ | (53.8 | ) | $ | (11.9 | ) | $ | (109.8 | ) | $ | (541.1 | ) |
Segment_Information_Tables
Segment Information (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Information [Text Block] | ' | |||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Segment revenue—to unaffiliated customers: | ||||||||||||||||
Human pharmaceutical products: | ||||||||||||||||
Endocrinology | $ | 1,739.60 | $ | 1,784.30 | $ | 3,378.80 | $ | 3,509.20 | ||||||||
Neuroscience | 893.7 | 2,004.50 | 1,858.10 | 3,853.40 | ||||||||||||
Oncology | 858.4 | 808.1 | 1,622.70 | 1,572.30 | ||||||||||||
Cardiovascular | 765.3 | 731.3 | 1,478.10 | 1,425.30 | ||||||||||||
Other pharmaceuticals | 77.4 | 58 | 152.4 | 129.1 | ||||||||||||
Total human pharmaceutical products | 4,334.40 | 5,386.20 | 8,490.10 | 10,489.30 | ||||||||||||
Animal health | 601.2 | 543.5 | 1,128.60 | 1,042.40 | ||||||||||||
Total segment revenue | $ | 4,935.60 | $ | 5,929.70 | $ | 9,618.70 | $ | 11,531.70 | ||||||||
Segment profits: | ||||||||||||||||
Human pharmaceutical products(1) | $ | 803.1 | $ | 1,430.70 | $ | 1,590.80 | $ | 2,778.80 | ||||||||
Animal health(2) | 137.3 | 147.7 | 271.8 | 277 | ||||||||||||
Total segment profits | $ | 940.4 | $ | 1,578.40 | $ | 1,862.60 | $ | 3,055.80 | ||||||||
Reconciliation of total segment profits to consolidated income before taxes: | ||||||||||||||||
Segment profits | $ | 940.4 | $ | 1,578.40 | $ | 1,862.60 | $ | 3,055.80 | ||||||||
Other profits (losses): | ||||||||||||||||
Income related to termination of the exenatide collaboration with Amylin (Note 4) | — | — | — | 495.4 | ||||||||||||
Asset impairment, restructuring, and other special charges (Note 5) | — | (63.5 | ) | (31.4 | ) | (85.2 | ) | |||||||||
Total consolidated income before taxes | $ | 940.4 | $ | 1,514.90 | $ | 1,831.20 | $ | 3,466.00 | ||||||||
Acquisitions_Details
Acquisitions (Details) (USD $) | 6 Months Ended | 0 Months Ended | 1 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Apr. 30, 2014 | Apr. 30, 2014 |
Lohmann Animal Health [Member] | Novartis Animal Health [Member] | |||
Business Combination, Consideration Transferred | ' | ' | $591.20 | $5,400 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | ' | ' | 287.7 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | ' | 85.1 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | ' | ' | 89.8 | ' |
Payments to Acquire Businesses, Net of Cash Acquired | 551.4 | 0 | 551.4 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | ' | ' | 39.8 | ' |
Goodwill | ' | ' | 234.8 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent | ' | ' | $106.20 | ' |
Collaborations_Details
Collaborations (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 10 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 6 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | |||||||||||||||||||||
Aug. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Oct. 31, 2013 | Nov. 30, 2011 | Oct. 31, 2011 | Aug. 31, 2012 | Nov. 30, 2011 | Nov. 30, 2011 | Nov. 30, 2011 | Nov. 30, 2011 | Jun. 30, 2001 | Dec. 31, 2009 | Nov. 30, 2011 | Jun. 30, 2014 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2012 | Oct. 31, 2013 | Jun. 30, 2014 | Oct. 31, 2013 | Jun. 30, 2011 | Dec. 31, 2009 | Jun. 30, 2011 | Nov. 30, 2011 | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Erbitux [Member] | Erbitux [Member] | Erbitux [Member] | Erbitux [Member] | Effient [Member] | Effient [Member] | Effient [Member] | Effient [Member] | Amylin [Member] | Amylin [Member] | Amylin [Member] | Amylin [Member] | Amylin [Member] | Exenatide [Member] | Exenatide [Member] | Trajenta (BI) [Member] | Trajenta (BI) [Member] | Trajenta (BI) [Member] | Trajenta (BI) [Member] | Tanezumab [Member] | Sales [Member] | Sales [Member] | Revenue Share [Member] | Revenue Share [Member] | Revenue Share [Member] | Revenue Share [Member] | Secured Note [Member] | Profit and Development and Marketing Share [Member] | Research and Development Exp [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Development and Regulatory [Member] | Milestone Payments, Sales-based [Member] | Milestone Payments, Sales-based [Member] | Royalty Agreement Terms [Member] | Royalty Agreement Terms [Member] | Loan Commitment [Member] | Upfront Payment [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Amylin [Member] | Outside the United States [Member] | Amylin [Member] | Amylin [Member] | United States [Member] | Outside the United States [Member] | Amylin [Member] | Effient [Member] | Baricitinib [Member] | Amylin [Member] | BI compounds [Member] | BI compounds [Member] | BI compounds [Member] | BI compounds [Member] | LLY compounds [Member] | LLY compounds [Member] | Baricitinib [Member] | Baricitinib [Member] | Tanezumab [Member] | Baricitinib [Member] | Tanezumab [Member] | Solanezumab [Member] | Baricitinib [Member] | Exenatide Once Weekly [Member] | Amylin [Member] | ||||||
Exenatide [Member] | USD ($) | USD ($) | Amylin [Member] | Amylin [Member] | USD ($) | USD ($) | EUR (€) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||
Net product sales | ' | ' | ' | ' | ' | $12,400,000 | $12,500,000 | $25,600,000 | $37,700,000 | $133,600,000 | $137,400,000 | $252,900,000 | $253,200,000 | ' | ' | ' | ' | ' | $21,000,000 | $85,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collaboration and other revenue | ' | 208,700,000 | 169,800,000 | 389,900,000 | 323,300,000 | 81,100,000 | 79,300,000 | 158,700,000 | 148,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90,300,000 | 54,800,000 | 167,100,000 | 97,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | 4,935,600,000 | 5,929,700,000 | 9,618,700,000 | 11,531,700,000 | 93,500,000 | 91,800,000 | 184,300,000 | 186,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income related to the termination of the exenatide collaboratio | ' | 0 | 0 | 0 | 495,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 495,400,000 | 0 | 495,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Research and development | ' | 1,195,400,000 | 1,330,400,000 | 2,304,700,000 | 2,678,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collaborative Arrangement, Income Statement Classification and Amounts | ' | 53,900,000 | 55,200,000 | 101,900,000 | 100,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collaborative Arrangement, Rights and Obligations, Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,260,000,000 | 1,200,000,000 | ' | ' | ' | ' | ' | 150,000,000 | 61,200,000 | -180,000,000 | -97,200,000 | 478,700,000 | -250,000,000 | 50,000,000 | -415,000,000 | -50,000,000 | -350,000,000 | -150,000,000 | -1,230,000,000 | -70,000,000 | ' | -165,000,000 | 250,000,000 |
Collaborative Arrangement, Rights and Obligations, Terms of Arrangement, Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collaborative Arrangement, Rights and Obligations Percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | 100.00% | ' | ' | 65.00% | 35.00% | ' | 50.00% | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' |
Proceeds from prepayment of revenue-sharing obligation | 1,210,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquired in-process research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of Intangible Assets | ' | $134,100,000 | $145,200,000 | $265,900,000 | $291,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset_Impairments_Restructurin1
Asset Impairments, Restructuring, and Other Special Charges (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Unusual or Infrequent Item [Line Items] | ' | ' | ' | ' |
Asset impairment, restructuring, and other special charges | $0 | $63.50 | $31.40 | $85.20 |
Financial_Instruments_Details
Financial Instruments (Details) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Feb. 28, 2014 | Mar. 31, 2014 | Feb. 28, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Maturity Date, 2044 [Member] | Maturity Date, 2044 [Member] | Maturity Date, 2019 [Member] | Maturity Date, 2019 [Member] | Equity Contract [Member] | Equity Contract [Member] | Equity Contract [Member] | Equity Contract [Member] | Hedged Fixed-Rate Debt [Member] | Hedged Fixed-Rate Debt [Member] | Hedged Fixed-Rate Debt [Member] | Hedged Fixed-Rate Debt [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Other Debt Obligations [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Collateralized Mortgage Backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Securities, US [Member] | Equity Method and Other Investments [Member] | Equity Method and Other Investments [Member] | Equity Method and Other Investments [Member] | Equity Method and Other Investments [Member] | Buy British pound Sell euro [Member] | Buy British pound Sell euro [Member] | Buy US dollar Sell euro [Member] | Buy US dollar Sell euro [Member] | Buy euro Sell US dollar [Member] | Buy euro Sell US dollar [Member] | Buy US dollar Sell Japanese Yen [Member] | Buy US dollar Sell Japanese Yen [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Equity Contract [Member] | Equity Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Equity Contract [Member] | Equity Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | USD ($) | USD ($) | Equity Contract [Member] | Equity Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Available-for-Sale Securities, Amortized Cost [Member] | Available-for-Sale Securities, Amortized Cost [Member] | EUR (€) | GBP (£) | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | JPY (¥) | |||||||||
Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||||||||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt | ' | $1,000 | ' | $1,033.80 | $1.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Securities | 7,403.40 | ' | ' | 7,403.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41.9 | -144.3 | 93.7 | -213.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,765.70 | 3,830.20 | ' | ' | ' | ' | ' | ' | ' | 3,765.70 | 3,830.20 | 3,707.30 | 3,772.60 | 58.4 | 57.6 | ' | ' | ' | ' | ' | ' | ' | 3,765.70 | 3,830.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | -400 | ' | -600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,311.30 | -5,212.90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,671.60 | -5,490.90 | ' | ' | ' | ' | ' | ' | ' | -5,671.60 | -5,490.90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | 4.65% | ' | 1.95% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Assets, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.1 | ' | 7.5 | 6.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.1 | ' | 7.5 | 6.7 | ' | ' | ' | ' | ' | 20.1 | ' | 7.5 | 6.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Other, Percentage of Nonperforming Assets | 85.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum Remaining Maturity of Foreign Currency Derivatives | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Description of Derivative Activity Volume Percent | 50.00% | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -41.9 | 144.3 | -93.7 | 213.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | 9 | ' | ' | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27.9 | 0 | 67.4 | 0 | ' | ' | ' | ' | 2.2 | 2.2 | 4.4 | 4.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.9 | -7.6 | 20.6 | -7.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34.6 | 10.1 | 120.5 | 8.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Assets, Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 375.2 | 278.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 375.2 | 278.7 | ' | ' | ' | ' | ' | ' | ' | 375.2 | 278.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liabilities, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -29.1 | -149.6 | -13.5 | ' | -1.1 | -6.7 | -7.1 | ' | ' | ' | ' | ' | ' | -29.1 | -149.6 | -13.5 | ' | -1.1 | -6.7 | -7.1 | ' | ' | -29.1 | -149.6 | -13.5 | ' | -1.1 | -6.7 | -7.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liabilities, Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.3 | -0.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.3 | -0.9 | ' | ' | ' | ' | ' | ' | ' | -0.3 | -0.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 5,449.60 | ' | ' | 5,449.60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Unrealized Gains | ' | ' | ' | 206.8 | ' | 375.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Unrealized Losses | ' | ' | ' | 14.9 | ' | 59.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Continuous Unrealized Gain Position, Fair Value | -5,422.50 | ' | ' | -5,422.50 | ' | -4,982.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,771.60 | ' | ' | 1,771.60 | ' | 3,664.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other than Temporary Impairment Losses, Investments | 7.4 | ' | 0 | 7.4 | 5.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale and Maturity of Available-for-sale Securities | 3,447 | ' | 3,587.60 | 7,189.20 | 6,939.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | 84.8 | ' | 28.2 | 164.6 | 38.2 | ' | ' | ' | ' | ' | 57.3 | ' | 126.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Losses | 11.1 | ' | 5.4 | 15.1 | 7.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Current [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Securities, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,035 | 931.7 | 1,032.20 | 929.8 | 1,035 | 931.7 | 1,035 | 931.7 | 125.2 | 276.4 | 125.2 | 276.6 | 125.2 | 276.4 | ' | ' | 125.2 | 276.4 | 60 | 60 | 60 | 60 | 1.2 | 2.7 | 1.2 | 2.7 | 1.2 | 2.7 | 1.2 | 2.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Equity Securities, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 139.4 | 356.3 | 37.5 | 75 | 139.4 | 356.3 | 139.4 | 356.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Current, Total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,360.80 | 1,567.10 | ' | ' | ' | ' | ' | ' | ' | 1,256.10 | 1,284.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Noncurrent [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Securities, Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,442.10 | 4,940.50 | 4,408.30 | 4,933.70 | 4,442.10 | 4,940.50 | 4,442.10 | 4,940.50 | 804.4 | 1,115.60 | 805.5 | 1,126.10 | 770.3 | 1,035.60 | 34.1 | 80 | 804.4 | 1,115.60 | 90.4 | 90.4 | 90.4 | 90.4 | 7.9 | 7.3 | 8.3 | 8.3 | 7.9 | 7.3 | 7.9 | 7.3 | 368.1 | 636 | 374.1 | 652.4 | 368.1 | 636 | 368.1 | 636 | 469.1 | 490 | 471 | 494.5 | 469.1 | 490 | 469.1 | 490 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Equity Securities, Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 94.6 | 81.2 | 31.8 | 22.8 | 94.6 | 81.2 | 94.6 | 81.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Long-term Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 373.1 | 354.3 | 373.1 | 354.3 | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Noncurrent, Total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,649.70 | 7,624.90 | ' | ' | ' | ' | ' | ' | ' | 6,562.50 | 7,592.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 1,221.40 | ' | ' | 1,221.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 334.2 | ' | ' | 334.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 398.2 | ' | ' | 398.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liability, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 149.4 | 1,120 | ' | ' | 1,130 | 291.4 | ' |
Derivative Asset, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 187 | ' | ' | 819.1 | 1,530 | ' | ' | 29,640 |
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.1 | 0 | 1.1 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 457 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Remaining Maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $700 | ' | $700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $38.60 | $33.70 | $76.90 | $68.80 |
Stock-based compensation expense | ' | ' | 76.9 | 68.8 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 89.7 | ' | 89.7 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '25 months | ' | ' | ' |
Shareholder Value Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 81.5 | ' | 81.5 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '24 months | ' | ' | ' |
Performance Shares [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '2 years | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $39.90 | ' | $39.90 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '15 months | ' | ' | ' |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Oct. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2012 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' | ' |
Treasury Stock, Value, Acquired, Cost Method | ' | $200,000,000 | $1,100,000,000 | ' |
Stock Repurchase Program, Authorized Amount | $5,000,000,000 | ' | ' | $1,500,000,000 |
Income_Taxes_Income_Taxes_Deta
Income Taxes Income Taxes (Details) | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Income Tax Examination [Line Items] | ' | ' | ' |
Income Tax Examination, Year under Examination | '2012 | '2011 | '2010 |
Retirement_Benefits_Details
Retirement Benefits (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Service Cost | $67.60 | $71.10 | $130.30 | $140.80 |
Defined Benefit Plan, Interest Cost | 118 | 108.9 | 237.2 | 218.3 |
Defined Benefit Plan, Expected Return on Plan Assets | -189.1 | -174.8 | -378.4 | -349.7 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0.9 | 2.6 | 1.8 | 5.2 |
Defined Benefit Plan, Actuarial Gain (Loss) | 69.4 | 99.2 | 138.5 | 195.2 |
Defined Benefit Plan, Net Periodic Benefit Cost, Total | 66.8 | 107 | 129.4 | 209.8 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Service Cost | 11.7 | 15.1 | 23 | 30.2 |
Defined Benefit Plan, Interest Cost | 22.6 | 23.3 | 43.8 | 46.7 |
Defined Benefit Plan, Expected Return on Plan Assets | -35.9 | -32.7 | -71.9 | -65.5 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -7.3 | -5.9 | -14.6 | -12.8 |
Defined Benefit Plan, Actuarial Gain (Loss) | 5 | 23.2 | 10.1 | 46.2 |
Defined Benefit Plan, Net Periodic Benefit Cost, Total | ($3.90) | $23 | ($9.60) | $44.80 |
Contingencies_Details
Contingencies (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 |
Compensatory Damages [Member] | Actos [Member] | ' |
Loss Contingency, Damages Awarded, Value | $1.50 |
Multi District Litigation MDL [Member] | Byetta [Member] | ' |
Loss Contingency, Number of Lawsuits | 260 |
Loss Contingency, Number of Plaintiffs | 290 |
Product Liability Litigation [Member] | Byetta [Member] | ' |
Loss Contingency, Number of Lawsuits | 360 |
Loss Contingency, Number of Plaintiffs | 800 |
Loss Contingency, Number of Claimants | 400 |
Product Liability Litigation [Member] | Prozac [Member] | ' |
Loss Contingency, Number of Lawsuits | 10 |
Loss Contingency, Number of Claimants | 550 |
Product Liability Litigation [Member] | Actos [Member] | ' |
Loss Contingency, Number of Cases | 4,200 |
Product Liability Litigation [Member] | Damages from Product, Cancer [Member] | Byetta [Member] | ' |
Loss Contingency, Number of Lawsuits | 300 |
Loss Contingency, Number of Plaintiffs | 415 |
Product Liability Litigation [Member] | CANADA | Actos [Member] | ' |
Loss Contingency, Number of Cases | 3 |
Product Liability Litigation [Member] | ONTARIO | Actos [Member] | ' |
Loss Contingency, Number of Cases | 1 |
Product Liability Litigation [Member] | QUEBEC | Actos [Member] | ' |
Loss Contingency, Number of Cases | 1 |
Product Liability Litigation [Member] | ALBERTA | Actos [Member] | ' |
Loss Contingency, Number of Cases | 1 |
Product Liability Litigation [Member] | CALIFORNIA | Byetta [Member] | ' |
Loss Contingency, Number of Lawsuits | 95 |
Loss Contingency, Number of Plaintiffs | 500 |
Product Liability Litigation [Member] | Other states [Member] | Byetta [Member] | ' |
Loss Contingency, Number of Lawsuits | 10 |
Loss Contingency, Number of Plaintiffs | 10 |
Lilly Portion [Member] | Compensatory Damages [Member] | Actos [Member] | ' |
Loss Contingency, Parties Jointly and Severally Liable in Litigation, Percent Share | 25.00% |
Lilly Portion [Member] | Punitive Damages [Member] | Actos [Member] | ' |
Loss Contingency, Damages Awarded, Value | 3,000 |
Takeda Portion [Member] | Compensatory Damages [Member] | Actos [Member] | ' |
Loss Contingency, Parties Jointly and Severally Liable in Litigation, Percent Share | 75.00% |
Takeda Portion [Member] | Punitive Damages [Member] | Actos [Member] | ' |
Loss Contingency, Damages Awarded, Value | 6,000 |
Employee Litigation [Member] | Brazil [Member] | ' |
Loss Contingency, Number of Lawsuits | 30 |
Loss Contingency, Damages Awarded, Value | $450 |
Other_Comprehensive_Income_Los2
Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Arising During Period, before Tax | ($6.40) | ($3.30) | ($12.80) | ($7.60) | ' | ' | ' | ' |
Accumulated other comprehensive loss | -1,935.30 | -3,948.70 | -1,935.30 | -3,948.70 | -1,957.30 | -2,002.70 | -4,014.40 | -3,797.10 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 2.2 | -11.4 | 25.8 | -303 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax | 19.8 | 77.1 | 41.6 | 151.4 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | 22 | 65.7 | 67.4 | -151.6 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | 74.4 | 122.4 | 148.6 | 241.4 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | 68 | 119.1 | 135.8 | 233.8 | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax | -19.8 | -42.9 | -43.5 | -81.5 | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax | -48.2 | -76.2 | -92.3 | -152.3 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | -73.7 | -0.8 | -149.5 | -8.3 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax | -73.7 | -0.8 | -149.5 | -5.8 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 25.8 | 0.3 | 52.3 | 2 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 47.9 | 0.5 | 97.2 | 3.8 | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax | 0 | 0 | 0 | 2.5 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | -22.3 | -11.6 | -43.5 | -1.8 | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, before Reclassification Adjustments, Tax | 16.5 | 42.1 | 40 | 89.1 | ' | ' | ' | ' |
Other Comprehensive Income, Other, Net of Tax | 19.5 | 1.4 | 46.5 | 2.9 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | 8.2 | -2.3 | 30.6 | -1.3 | ' | ' | ' | ' |
Accumulated Translation Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss | 467.9 | 92.9 | 467.9 | 92.9 | 459.7 | 463 | 80.8 | 426.8 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 8.2 | 12.1 | 4.9 | -333.9 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | 8.2 | 12.1 | 4.9 | -333.9 | ' | ' | ' | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss | 124.7 | 67 | 124.7 | 67 | 166.2 | 205.2 | 90.5 | 72.5 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 6.4 | -23 | 16.7 | -1.7 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax | -47.9 | -0.5 | -97.2 | -3.8 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -41.5 | -23.5 | -80.5 | -5.5 | ' | ' | ' | ' |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss | -2,403.30 | -4,005.20 | -2,403.30 | -4,005.20 | -2,443.50 | -2,489.10 | -4,086.70 | -4,195.20 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | -8 | 5.3 | -6.5 | 37.7 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax | 48.2 | 76.2 | 92.3 | 152.3 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | 40.2 | 81.5 | 85.8 | 190 | ' | ' | ' | ' |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss | -124.6 | -103.4 | -124.6 | -103.4 | -139.7 | -181.8 | -99 | -101.2 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | -4.4 | -5.8 | 10.7 | -5.1 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax | 19.5 | 1.4 | 46.5 | 2.9 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | $15.10 | ($4.40) | $57.20 | ($2.20) | ' | ' | ' | ' |
Other_Net_Expense_Income_Detai
Other - Net, Expense (Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Income related to the termination of the exenatide collaboration | $0 | $0 | ' | $0 | ($495.40) |
Interest Expense | 35.5 | 40.3 | ' | 73.3 | 80.6 |
Investment Income, Interest | -33.6 | -29.7 | ' | -68 | -53.3 |
Other (income)expense | -55.7 | -22.5 | ' | -115.1 | -73 |
Nonoperating Income (Expense), Total | -53.8 | -11.9 | ' | -109.8 | -541.1 |
Amylin [Member] | ' | ' | ' | ' | ' |
Income related to the termination of the exenatide collaboration | $0 | $0 | ($495.40) | $0 | ($495.40) |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||
In Millions, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Depreciation and amortization | ' | ' | ' | ' | $697.20 | $745.40 |
Revenue | 4,935.60 | ' | 5,929.70 | ' | 9,618.70 | 11,531.70 |
Segment Reporting Information, Income (Loss) before Income Taxes | 940.4 | ' | 1,514.90 | ' | 1,831.20 | 3,466 |
Income related to the termination of the exenatide collaboratio | 0 | ' | 0 | ' | 0 | 495.4 |
Asset impairment, restructuring, and other special charges | 0 | ' | -63.5 | ' | -31.4 | -85.2 |
Neuroscience [Member] | ' | ' | ' | ' | ' | ' |
Revenue | 893.7 | ' | 2,004.50 | ' | 1,858.10 | 3,853.40 |
Endocrinology [Member] | ' | ' | ' | ' | ' | ' |
Revenue | 1,739.60 | ' | 1,784.30 | ' | 3,378.80 | 3,509.20 |
Oncology [Member] | ' | ' | ' | ' | ' | ' |
Revenue | 858.4 | ' | 808.1 | ' | 1,622.70 | 1,572.30 |
Cardiovascular [Member] | ' | ' | ' | ' | ' | ' |
Revenue | 765.3 | ' | 731.3 | ' | 1,478.10 | 1,425.30 |
Animal health [Member] | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | 32.4 | ' | 20.7 | 56 | 46.5 |
Revenue | 601.2 | ' | 543.5 | ' | 1,128.60 | 1,042.40 |
Segment Reporting Information, Income (Loss) before Income Taxes | 137.3 | ' | 147.7 | ' | 271.8 | 277 |
Other pharmaceuticals [Member] | ' | ' | ' | ' | ' | ' |
Revenue | 77.4 | ' | 58 | ' | 152.4 | 129.1 |
Pharmaceutical products, total [Member] | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | 316 | ' | 343.2 | ' | 641.2 | 698.9 |
Revenue | 4,334.40 | ' | 5,386.20 | ' | 8,490.10 | 10,489.30 |
Segment Reporting Information, Income (Loss) before Income Taxes | 803.1 | ' | 1,430.70 | ' | 1,590.80 | 2,778.80 |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information, Income (Loss) before Income Taxes | 940.4 | ' | 1,578.40 | ' | 1,862.60 | 3,055.80 |
Corporate, Non-Segment [Member] | ' | ' | ' | ' | ' | ' |
Asset impairment, restructuring, and other special charges | 0 | ' | -63.5 | ' | -31.4 | -85.2 |
Amylin [Member] | ' | ' | ' | ' | ' | ' |
Income related to the termination of the exenatide collaboratio | $0 | ' | $0 | $495.40 | $0 | $495.40 |