Eli Lilly and (LLY) 10-Q 25 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 23, 2018
Document & Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Entity Registrant Name	Lilly Eli & Co
Entity Central Index Key	59,478
Current Fiscal Year End Date	--12-31
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,073,987,856

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenue	$ 6,355.2	$ 5,824.3	$ 12,055.2	$ 11,052.6
Costs, expenses, and other:
Cost of sales	1,702.7	1,571.7	3,274	2,919.6
Research and development	1,333.1	1,272.1	2,510	2,530.4
Marketing, selling, and administrative	1,653.7	1,730.4	3,153.7	3,298.1
Acquired in-process research and development (Note 3)	1,624.5	0	1,624.5	857.6
Asset impairment, restructuring, and other special charges (Note 5)	74.4	50	152.7	263.9
Other–net, (income) expense (Note 12)	(38)	(60.4)	(105.5)	(138.7)
Cost of sales, operating expenses, and other-net	6,350.4	4,563.8	10,609.4	9,730.9
Income before income taxes	4.8	1,260.5	1,445.8	1,321.7
Income taxes (Note 8)	264.7	252.5	488.3	424.5
Net income (loss)	$ (259.9)	$ 1,008	$ 957.5	$ 897.2
Earnings (loss) per share:
Basic (usd per share)	$ (0.25)	$ 0.96	$ 0.92	$ 0.85
Diluted (usd per share)	$ (0.25)	$ 0.95	$ 0.92	$ 0.85
Shares used in calculation of earnings (loss) per share:
Basic (shares)	1,030.2	1,055	1,039.6	1,055.6
Diluted (shares)	1,030.2	1,057.1	1,041.6	1,057.5
Dividends paid per share (usd per share)	$ 0.5625	$ 0.52	$ 1.125	$ 1.04

Consolidated Condensed Stateme3

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (259.9)	$ 1,008	$ 957.5	$ 897.2
Other comprehensive income (loss), net of tax (Note 11)	[1]	(671.2)	284.8	(284.9)	483.5
Comprehensive income (loss)		$ (931.1)	$ 1,292.8	$ 672.6	$ 1,380.7
[1]	Other comprehensive income (loss) for the three and six months ended June 30, 2018 was all attributable to controlling interest. Other comprehensive income for the three and six months ended June 30, 2017 consisted of $289.4 million and $499.1 million of other comprehensive income attributable to controlling interest and $4.6 million and $15.6 million of other comprehensive loss attributable to non-controlling interest.

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Other comprehensive income attributable to controlling interest	$ 289.4	$ 499.1
Other comprehensive loss attributable to noncontrolling interest	$ 4.6	$ 15.6

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents (Note 6)	$ 6,817.3	$ 6,536.2
Short-term investments (Note 6)	92.2	1,497.9
Accounts receivable, net of allowances of $35.2 (2018) and $38.7 (2017)	4,823	4,546.3
Other receivables	756.1	715.9
Inventories	4,155.5	4,458.3
Prepaid expenses and other	1,688.6	1,447.5
Total current assets	18,332.7	19,202.1
Other Assets
Investments (Note 6)	2,059.6	5,678.8
Goodwill	4,333.1	4,370.1
Other intangibles	3,772.1	4,029.2
Deferred tax assets	3,314.4	1,166.4
Sundry	1,776.5	1,707.9
Total other assets	15,255.7	16,952.4
Property and equipment, net of accumulated depreciation of $9,566.1 (2018) and $9,264.6 (2017)	8,770.8	8,826.5
Total assets	42,359.2	44,981
Current Liabilities
Short-term borrowings and current maturities of long-term debt	3,049.1	3,706.6
Accounts payable	1,316.9	1,410.7
Employee compensation	710.5	997.9
Sales rebates and discounts	4,745.1	4,465.1
Dividends payable	578.2	590.6
Income taxes payable	464.9	532.9
Other current liabilities	2,190.5	2,832.1
Total current liabilities	13,055.2	14,535.9
Other Liabilities
Long-term debt	9,170.5	9,940.5
Accrued retirement benefits (Note 9)	3,420.5	3,513.9
Long-term income taxes payable	3,506.6	3,776.5
Other noncurrent liabilities	1,585.6	1,546.3
Total other liabilities	17,683.2	18,777.2
Eli Lilly and Company Shareholders’ Equity (Note 7)
Common stock	673.5	687.9
Additional paid-in capital	5,825.7	5,817.8
Retained earnings	14,247.3	13,894.1
Employee benefit trust	(3,013.2)	(3,013.2)
Accumulated other comprehensive loss (Note 11)	(6,108.7)	(5,718.6)
Cost of common stock in treasury	(69.4)	(75.8)
Total Eli Lilly and Company shareholders’ equity	11,555.2	11,592.2
Noncontrolling interests	65.6	75.7
Total equity	11,620.8	11,667.9
Total liabilities and equity	$ 42,359.2	$ 44,981

Consolidated Condensed Balance6

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Receivables, Net, Current [Abstract]
Allowances for doubtful accounts	$ 35.2	$ 38.7
Property and equipment, accumulated depreciation	$ 9,566.1	$ 9,264.6

Consolidated Condensed Stateme7

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities
Net income (loss)	$ 957.5	$ 897.2
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:
Depreciation and amortization	848	782.5
Change in deferred income taxes	134.8	295.1
Stock-based compensation expense	138.2	139.2
Acquired in-process research and development	1,624.5	857.6
Other changes in operating assets and liabilities, net of acquisitions	(1,932.1)	(1,118.5)
Other non-cash operating activities, net	183.1	137.9
Net Cash Provided by Operating Activities	1,954	1,991
Cash Flows from Investing Activities
Net purchases of property and equipment	(546.5)	(390.6)
Proceeds from sales and maturities of short-term investments	2,496.7	1,677.6
Purchases of short-term investments	(112.2)	(1,883.5)
Proceeds from sales of noncurrent investments	3,395.1	1,107.6
Purchases of noncurrent investments	(676.5)	(2,358.8)
Cash paid for acquisitions, net of cash acquired (Note 3)	0	(882.1)
Purchase of in-process research and development (Note 3)	(1,548.2)	(831.8)
Other investing activities, net	(45.3)	(116.9)
Net Cash Provided by (Used for) Investing Activities	2,963.1	(3,678.5)
Cash Flows from Financing Activities
Dividends paid	(1,166.6)	(1,096.1)
Net change in short-term borrowings	(248.7)	125.7
Proceeds from issuance of long-term debt	0	2,232
Repayments of long-term debt	(1,001.5)	(630.5)
Purchases of common stock	(2,050.7)	(199.9)
Other financing activities, net	(230.4)	(247)
Net Cash Provided by (Used for) Financing Activities	(4,697.9)	184.2
Effect of exchange rate changes on cash and cash equivalents	61.9	(8.9)
Net increase (decrease) in cash and cash equivalents	281.1	(1,512.2)
Cash and cash equivalents at January 1	6,536.2	4,582.1
Cash and Cash Equivalents at June 30	$ 6,817.3	$ 3,069.9

Basis of Presentation and Reven

Basis of Presentation and Revenue	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Revenue	Basis of Presentation and Revenue 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, revenue, 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, 2017 . We issue our financial statements by filing with the Securities and Exchange Commission and have evaluated subsequent events up to the time of the filing. 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 incremental shares from our stock-based compensation programs. Adoption of Revenue Accounting Standard Effective January 1, 2018, we adopted Accounting Standards Update 2014-09, Revenue from Contracts with Customers and other related updates (see Note 2 for additional discussion). The new standard has been applied to contracts for which performance had not been completed as of the date of adoption. For those contracts that were modified prior to the date of adoption, we reflected the aggregate effect of those modifications when determining the appropriate accounting under the new standard. We don’t believe the effect of applying this practical expedient resulted in material differences. Revenue presented for periods prior to 2018 was accounted for under previous standards and has not been adjusted. Revenue and net income for the three and six months ended June 30, 2018 do not differ materially from amounts that would have resulted from application of the previous standards. The following table summarizes our revenue recognized in our consolidated condensed statements of operations: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net product revenue $ 5,899.6 $ 5,529.8 $ 11,241.1 $ 10,517.7 Collaboration and other revenue (1) 455.6 294.5 814.1 534.9 Revenue $ 6,355.2 $ 5,824.3 $ 12,055.2 $ 11,052.6 (1) Collaboration and other revenue associated with prior year transfers of intellectual property was $133.6 million and $182.1 million during the three and six months ended June 30, 2018 , respectively, and $35.0 million and $68.8 million during the three and six months ended June 30, 2017 , respectively. We recognize revenue primarily from two different types of contracts, product sales to customers (net product revenue) and collaborations and other arrangements. Revenue recognized from collaborations and other arrangements will include our share of profits from the collaboration, as well as royalties, upfront and milestone payments we receive under these types of contracts. See Note 4 for additional information related to our collaborations and other arrangements. Collaboration and other revenue disclosed above includes the revenue from the Trajenta ™ and Jardiance ® families of products resulting from our collaboration with Boehringer Ingelheim discussed in Note 4. Substantially all of the remainder of collaboration and other revenue is related to contracts accounted for as contracts with customers. Net Product Revenue Revenue from sales of products is recognized at the point where the customer obtains control of the goods and we satisfy our performance obligation, which generally is at the time we ship the product to the customer. Payment terms differ by jurisdiction and customer, but payment terms in most of our major jurisdictions typically range from 30 to 75 days from date of shipment. Revenue for our product sales has not been adjusted for the effects of a financing component as we expect, at contract inception, that the period between when we transfer control of the product and when we receive payment will be one year or less. Any exceptions are either not material or we collect interest for payments made after the due date. Provisions for rebates and discounts, and returns are established in the same period the related sales are recognized. We generally ship product shortly after orders are received; therefore, we generally only have a few days of orders received but not yet shipped at the end of any reporting period. Shipping and handling activities are considered to be fulfillment activities and are not considered to be a separate performance obligation. We exclude from the measurement of the transaction price all taxes assessed by a governmental authority that are imposed on our sales of product and collected from a customer. Significant judgments must be made in determining the transaction price for our sales of products related to anticipated rebates and discounts and returns. The following describe the most significant of these judgments: Sales Rebates and Discounts - Background and Uncertainties • Most of our pharmaceutical products are sold to wholesalers that serve pharmacies, physicians and other health care professionals, and hospitals. Animal health products are sold to wholesale distributors. We initially invoice our customers at contractual list prices. Contracts with direct and indirect customers may provide for various rebates and discounts that may differ in each contract. As a consequence, to determine the appropriate transaction price for our product sales at the time we recognize a sale to a direct customer, we must estimate any rebates or discounts that ultimately will be due to the direct customer and other customers in the distribution chain under the terms of our contracts. Significant judgments are required in making these estimates. • The rebate and discount amounts are recorded as a deduction to arrive at our net product revenue. Sales rebates and discounts that require the use of judgment in the establishment of the accrual include managed care, Medicare, Medicaid, chargebacks, long-term care, hospital, patient assistance programs, and various other programs. We estimate these accruals using an expected value approach. • The largest of our sales rebate and discount amounts are rebates associated with sales covered by managed care, Medicare, Medicaid, and chargeback contracts in the U.S. In determining the appropriate accrual amount, we consider our historical rebate payments for these programs by product as a percentage of our historical sales as well as any significant changes in sales trends (e.g., patent expiries and product launches), an evaluation of the current contracts for these programs, the percentage of our products that are sold via these programs, and our product pricing. Although we accrue a liability for rebates related to these programs at the time we record the sale, the rebate related to that sale is typically paid up to six months later. Because of this time lag, in any particular period our rebate adjustments may incorporate revisions of accruals for several periods. • Most of our rebates outside the U.S. are contractual or legislatively mandated and are estimated and recognized in the same period as the related sales. In some large European countries, government rebates are based on the anticipated budget for pharmaceutical payments in the country. An estimate of these rebates, updated as governmental authorities revise budgeted deficits, is recognized in the same period as the related sale. Sales Returns - Background and Uncertainties • When product sales occur, to determine the appropriate transaction price for our sales, we estimate a reserve for future product returns related to those sales using an expected value approach. This estimate is based on several factors, including: historical return rates, expiration date by product (on average, approximately 24 months after the initial sale of a product to our customer), and estimated levels of inventory in the wholesale and retail channels, as well as any other specifically-identified anticipated returns due to known factors such as the loss of patent exclusivity, product recalls and discontinuances, or a changing competitive environment. We maintain a returns policy that allows U.S. pharmaceutical customers to return product for dating issues within a specified period prior to and subsequent to the product's expiration date. Following the loss of exclusivity for a patent-dependent product, we expect to experience an elevated level of product returns as product inventory remaining in the wholesale and retail channels expires. Adjustments to the returns reserve have been and may in the future be required based on revised estimates to our assumptions. We record the return amounts as a deduction to arrive at our net product revenue. Once the product is returned, it is destroyed; we do not record a right of return asset. Our returns policies outside the U.S. are generally more restrictive than in the U.S. as returns are not allowed for reasons other than failure to meet product specifications in many countries. Our reserve for future product returns for product sales outside the U.S. is not material. • As a part of our process to estimate a reserve for product returns, we regularly review the supply levels of our significant products sold to major wholesalers in the U.S. and in major markets outside the U.S., primarily by reviewing periodic inventory reports supplied by our major wholesalers and available prescription volume information for our products, or alternative approaches. We attempt to maintain U.S. wholesaler inventory levels at an average of approximately one month or less on a consistent basis across our product portfolio. Causes of unusual wholesaler buying patterns include actual or anticipated product-supply issues, weather patterns, anticipated changes in the transportation network, redundant holiday stocking, and changes in wholesaler business operations. In the U.S., the current structure of our arrangements provides us with data on inventory levels at our wholesalers; however, our data on inventory levels in the retail channel is more limited. Wholesaler stocking and destocking activity historically has not caused any material changes in the rate of actual product returns. • Actual product returns have been less than 2 percent of our net revenue over each of the past three years and have not fluctuated significantly as a percentage of revenue, although fluctuations are more likely in periods following loss of patent exclusivity for major products in the U.S. market. Adjustments to Revenue Adjustments to revenue recognized as a result of changes in estimates for the judgments described above during the three and six months ended June 30, 2018 , for product shipped in previous years were not material. Disaggregation of Revenue Our disaggregated revenue is disclosed in Note 13. Collaborations and Other Arrangements We recognize several types of revenue from our collaborations and other arrangements, which we discuss in general terms immediately below and more specifically in Note 4 for each of our material collaborations and other arrangements. Our collaborations and other arrangements are not contracts with customers but are evaluated to determine whether any aspects of the arrangements are contracts with customers. • Revenue related to products we sell pursuant to these arrangements is included in net product revenue, while other sources of revenue (e.g., royalties and profit sharing from our partner) are included in collaboration and other revenue. • Initial fees and developmental milestones we receive in collaborative and other similar arrangements from the partnering of our compounds under development are generally deferred and amortized into income through the expected product approval date. • Profit-sharing due from our collaboration partners, which is based upon gross margins reported to us by our partners, is recognized as collaboration and other revenue as earned. • Royalty revenue from licensees, which is based on sales to third-parties of licensed products and technology, is recorded when the third-party sale occurs and the performance obligation to which some or all of the royalty has been allocated has been satisfied (or partially satisfied). This royalty revenue is included in collaboration and other revenue. • For arrangements involving multiple goods or services (e.g., research and development, marketing and selling, manufacturing, and distribution), each required good or service is evaluated to determine whether it is distinct. If a good or service does not qualify as distinct, it is combined with the other non-distinct goods or services within the arrangement and these combined goods or services are treated as a single performance obligation for accounting purposes. The arrangement's transaction price is then allocated to each performance obligation based on the relative standalone selling price of each performance obligation. For arrangements that involve variable consideration where we have sold intellectual property, we recognize revenue based on estimates of the amount of consideration we believe we will be entitled to receive from the other party, subject to a constraint. These estimates are adjusted to reflect the actual amounts to be collected when those facts and circumstances become known. • Significant judgments must be made in determining the transaction price for our sales of intellectual property. Because of the risk that products in development will not receive regulatory approval, we generally do not recognize any contingent payments that would be due to us upon or after regulatory approval. • We have entered into arrangements whereby we transferred rights to products and committed to supply for a period of time. For those arrangements for which we concluded that the obligations were not distinct, any amounts received upfront are being amortized to revenue as net product revenue over the period of the supply arrangement as the performance obligation is satisfied. Contract Liabilities Our contract liabilities result from arrangements where we have received payment in advance of performance under the contract and do not include sales rebates and discounts. Changes in contract liabilities are generally due to either receipt of additional advance payments or our performance under the contract. We have the following amounts recorded for contract liabilities: June 30, 2018 December 31, 2017 Contract liabilities $ 315.7 $ 335.2 The contract liabilities amount disclosed above as of June 30, 2018 , is primarily related to: • The remaining license period of symbolic intellectual property, and • Obligations to supply product for a defined period of time. Revenue recognized from contract liabilities as of January 1, 2018 , during the three and six months ended June 30, 2018 , was not material. Revenue expected to be recognized in the future from contract liabilities as the related performance obligations are satisfied is not expected to be material in any one year.

Implementation of New Financial

Implementation of New Financial Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Implementation of New Financial Accounting Pronouncements	Implementation of New Financial Accounting Pronouncements The following table provides a brief description of accounting standards that were effective January 1, 2018 and were adopted on that date: Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2014-09 and various other related updates, Revenue from Contracts with Customers This standard replaced existing revenue recognition standards and requires entities to 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. An entity can apply the new revenue standard retrospectively to each prior reporting period presented or with the cumulative effect of initially applying the standard recognized at the date of initial application in retained earnings. We applied the latter approach. Application of the new standard to applicable contracts resulted in an increase of approximately $5 million to retained earnings as of January 1, 2018. Disclosures required by the new standard are included in Note 1, Note 4, and Note 13. Accounting Standards Update 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities This standard requires entities to recognize changes in the fair value of equity investments with readily determinable fair values in net income (except for investments accounted for under the equity method of accounting or those that result in consolidation of the investee). An entity should apply the new standard through a cumulative effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon adoption, we reclassified from accumulated other comprehensive loss the after-tax amount of net unrealized gains resulting in an increase to retained earnings of approximately $105 million. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory This standard requires entities to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time of transfer. This standard requires a modified Upon adoption, the cumulative effect of applying the standard resulted in an increase to deferred tax assets and retained earnings of approximately $2.5 billion. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Accounting Standards Update 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost This standard was issued to improve the transparency and comparability among organizations by requiring entities to separate their net periodic pension cost and net periodic postretirement benefit cost into a service cost component and other components. Previously, the costs of the other components along with the service cost component were classified based upon the function of the employee. This standard requires entities to classify the service cost component in the same financial statement line item or items as other compensation costs arising from services rendered by pertinent employees. The other components of net benefit cost are now presented separately from the line items that include the service cost component. When applicable, the service cost component is now the only component eligible for capitalization. An entity should apply the new standard retrospectively for the classification of the service cost and other components and prospectively for the capitalization of the service cost component. Upon adoption of this standard, pension and postretirement benefit cost components other than service costs are presented in other–net, (income) expense. The application of the new standard resulted in reclassification to other income of $64.3 million for the three months ended June 30, 2017, while increasing cost of sales by $20.1 million, marketing, selling, and administrative expenses by $23.0 million, and research and development expenses by $21.2 million for the same period. The application of the new standard resulted in reclassification to other income of $127.5 million for the six months ended June 30, 2017, while increasing cost of sales by $40.3 million, marketing, selling, and administrative expenses by $46.0 million, and research and development expenses by $41.2 million for the same period. We do not expect application of the new standard to have a material impact on an ongoing basis. The following table provides a brief description of the accounting standard that has not yet been adopted and could have a material effect on our financial statements: Standard Description Effective Date Effect on the financial statements or other significant matters Accounting Standards Update 2016-02, Leases This standard was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities, including leases classified as operating leases under current GAAP, on the balance sheet and requiring additional disclosures about leasing arrangements. This standard requires a modified retrospective approach to adoption. This standard is effective January 1, 2019, with early adoption permitted. We intend to adopt this standard on January 1, 2019. We are in the process of determining the impact on our consolidated financial statements. We have selected a software solution to be compatible with our enterprise software system. Development of our selected solution is ongoing, as it is not yet fully compliant with the requirements of the standard. The timely readiness of the lease software system is critical to ensure an efficient and effective adoption of the standard.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions On January 3, 2017, we completed the acquisition of Boehringer Ingelheim Vetmedica, Inc.'s United States (U.S.) feline, canine, and rabies vaccine portfolio and other related assets (BIVIVP). This transaction, as further discussed in this note below in Acquisition of a Business, was accounted for as a business combination under the acquisition method of accounting. Under this method, the assets acquired and liabilities assumed were recorded at their respective fair values as of the acquisition date in our consolidated 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, where applicable, has been recorded as goodwill. The results of operations of this acquisition have been included in our consolidated condensed financial statements from the date of acquisition. In addition to the acquisition of BIVIP, we acquired assets in development in the six months ended June 30, 2018 , which are further discussed in this note below in Asset Acquisitions. Upon acquisition, the acquired in-process research and development (IPR&D) charges related to these products were immediately expensed because the products had no alternative future use. We incurred acquired IPR&D charges of $1.62 billion for the three and six months ended June 30, 2018 and $857.6 million for the six months ended June 30, 2017 . There were no acquired IPR&D charges incurred during the three months ended June 30, 2017. Acquisition of a Business Boehringer Ingelheim Vetmedica, Inc. Vaccine Portfolio Acquisition Overview of Transaction In 2017, we acquired BIVIVP in an all-cash transaction for $882.1 million . Under the terms of the agreement, we acquired a manufacturing and research and development site and a U.S. vaccine portfolio, including vaccines used for the treatment of bordetella, Lyme disease, rabies, and parvovirus, among others. Assets Acquired and Liabilities Assumed The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Estimated Fair Value at January 3, 2017 Inventories $ 108.6 Marketed products (1) 297.0 Property and equipment 148.2 Other assets and liabilities - net 8.2 Total identifiable net assets 562.0 Goodwill (2) 320.1 Total consideration transferred - net of cash acquired $ 882.1 (1) These intangible assets, which are being amortized to cost of sales on a straight-line basis over their estimated useful lives, were expected to have a weighted average useful life of 10 years . (2) The goodwill recognized from this acquisition is attributable primarily to expected synergies from combining the operations of BIVIVP with our legacy animal health business, future unidentified projects and products, and the assembled workforce of BIVIVP. The goodwill associated with this acquisition is deductible for tax purposes. Asset Acquisitions The following table and narrative summarize our asset acquisitions during the six months ended June 30, 2018 and June 30, 2017 . Counterparty Compound(s) or Therapy Acquisition Month Phase of Development (1) Acquired IPR&D Expense Sigilon Therapeutics (Sigilon) Encapsulated cell therapies for the potential treatment of type 1 diabetes April 2018 Pre-clinical $ 66.9 AurKa Pharma, Inc. (AurKa) AK-01, an Aurora kinase A inhibitor June 2018 Phase I 81.8 ARMO Biosciences, Inc. (ARMO) Cancer therapy - pegilodecakin June 2018 Phase III 1,475.8 CoLucid Pharmaceuticals, Inc. (CoLucid) Oral therapy for the acute treatment of migraine - lasmiditan March 2017 Phase III 857.6 (1) The phase of development presented is as of the date of the arrangement and represents the phase of development of the most advanced asset acquired, where applicable. In connection with the arrangements described herein, our partners may be entitled to future royalties and/or commercial milestones based on sales should these products be approved for commercialization and/or milestones based on the successful progress of the compounds through the development process. We entered into a collaboration agreement with Sigilon to develop encapsulated cell therapies for the potential treatment of type 1 diabetes. Sigilon will create proprietary products comprised of induced pluripotent stem cells engineered into differentiated insulin-producing pancreatic beta cells and encapsulated using Sigilon's Afibromer technology. We will receive an exclusive worldwide license to Sigilon's Afibromer technology for islet cell encapsulation. Under the terms of the agreement, we paid an upfront fee of $62.5 million and made an equity investment in Sigilon. We acquired AK-01 through the acquisition of AurKa. Under the terms of the agreement, we acquired all shares of AurKa for a cash purchase price of $81.3 million , net of cash acquired, plus net accrued liabilities assumed of $0.5 million . Substantially all the value of AurKa was related to AK-01, its only significant asset. The acquired IPR&D expense was not tax deductible. We acquired pegilodecakin through the acquisition of ARMO. Under the terms of the agreement, we acquired all shares of ARMO for a cash purchase price of $1.40 billion , net of cash acquired, plus net accrued liabilities assumed of $75.8 million . Substantially all of the value of ARMO was related to pegilodecakin, its only significant asset. The acquired IPR&D expense was not tax deductible. We acquired lasmiditan through the acquisition of CoLucid. Under the terms of the agreement, we acquired all shares of CoLucid for a cash purchase price of $831.8 million , net of cash acquired, plus net accrued liabilities assumed of $25.8 million . Substantially all of the value of CoLucid was related to lasmiditan, its only significant asset. The acquired IPR&D expense was not tax deductible. In July 2018, we entered into a collaboration agreement with Anima Biotech (Anima) for the discovery and development of translation inhibitors for several target proteins by using Anima's Translation Control Therapeutics platform. Under the terms of the agreement, we paid an upfront fee of $30.0 million , which will be recorded as acquired IPR&D expense in the third quarter of 2018. Anima will use its technology platform to discover lead candidates that are translation inhibitors of our selected neuroscience targets. We will be responsible for all clinical development and commercialization activities and costs related to the collaboration.

Collaborations and Other Arrang

Collaborations and Other Arrangements	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Collaborations and Other Arrangements	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. See Note 1 for amounts of collaboration and other revenue recognized from these types of arrangements. 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. Boehringer Ingelheim Diabetes Collaboration We and Boehringer Ingelheim have a global agreement to jointly develop and commercialize a portfolio of diabetes compounds. Currently included in the collaboration are Boehringer Ingelheim’s oral diabetes products: Trajenta, Jentadueto ® , Jardiance, Glyxambi ® , and Synjardy ® , as well as our basal insulin: Basaglar ® . The table below summarizes significant regulatory and commercialization events and milestones (deferred) capitalized for the compounds included in this collaboration: Year Launched Milestones (Deferred) Capitalized (1) Product Family U.S. Europe Japan Year Amount Trajenta (2) 2011 2011 2011 Cumulative (4) - all prior to 2017 $ 446.4 Jardiance (3) 2014 2014 2015 Cumulative (4) - all prior to 2017 299.5 Basaglar 2016 2015 2015 Cumulative (4) - all prior to 2017 (250.0 ) (1) In connection with the regulatory approvals of Basaglar in the U.S., Europe, and Japan, milestone payments received were recorded as contract liabilities and are being amortized through the term of the collaboration (2029) to collaboration and other revenue. In connection with the regulatory approvals of Trajenta and Jardiance, milestone payments made were capitalized as intangible assets and are being amortized to cost of sales. (2) Jentadueto is included in the Trajenta product family. (3) Glyxambi and Synjardy are included in the Jardiance product family. (4) The cumulative amount represents the total initial amounts that were (deferred) or capitalized from the start of this collaboration through the end of the reporting period. In the most significant markets, we and Boehringer Ingelheim share equally the ongoing development costs, commercialization costs, and agreed upon gross margin for any product resulting from the collaboration. We record our portion of the gross margin associated with Boehringer Ingelheim's compounds as collaboration and other revenue. We record our sales of Basaglar to third parties as net product revenue with the payments made to Boehringer Ingelheim for their portion of the gross margin recorded as cost of sales. For all compounds under this collaboration, we record our portion of the development and commercialization costs as research and development expense and marketing, selling, and administrative expense, respectively. Each company is entitled to potential performance payments depending on the sales of the molecules it contributes to the collaboration. These performance payments result in the owner of the molecule retaining a greater share of the agreed upon gross margin of that product. Subject to achieving these thresholds, in a given period, our reported revenue for Trajenta and Jardiance may be reduced by any performance payments we make related to these products. Similarly, performance payments we may receive related to Basaglar effectively reduce Boehringer Ingelheim's share of the gross margin, which reduces our cost of sales. The following table summarizes our collaboration and other revenue recognized with respect to the Trajenta and Jardiance families of products and net product revenue recognized with respect to Basaglar: Three Months Ended Six Months Ended 2018 2017 2018 2017 Basaglar $ 201.8 $ 86.6 $ 367.8 $ 132.6 Jardiance 147.2 103.2 298.2 177.1 Trajenta 141.7 141.9 282.8 254.9 Erbitux ® We have several collaborations with respect to Erbitux. The most significant collaborations are or, where applicable, were in Japan, and prior to the transfer of commercialization rights in the fourth quarter of 2015, the U.S. and Canada (Bristol-Myers Squibb Company); and worldwide except the U.S. and Canada (Merck KGaA). Certain rights to Erbitux outside the U.S. and Canada (collectively, North America) will remain with Merck KGaA (Merck) upon expiration of that agreement. The following table summarizes our revenue recognized with respect to Erbitux: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net product revenue $ 141.1 $ 134.4 $ 263.3 $ 265.7 Collaboration and other revenue 25.3 24.7 52.8 47.8 Revenue $ 166.4 $ 159.1 $ 316.1 $ 313.5 Bristol-Myers Squibb Company Pursuant to commercial agreements with Bristol-Myers Squibb Company and E.R. Squibb (collectively, BMS), we had been co-developing Erbitux in North America exclusively with BMS. On October 1, 2015, BMS transferred their commercialization rights to us with respect to Erbitux in North America pursuant to a modification of our existing arrangement, and we began selling Erbitux at that time. This modification did not affect our rights with respect to Erbitux in other jurisdictions. In connection with the modification of terms, we provide consideration to BMS based upon a tiered percentage of net sales of Erbitux in North America estimated to average 38 percent through September 2018. The transfer of the commercialization rights was accounted for as an acquisition of a business. The consideration to be paid to BMS was accounted for as contingent consideration liability. See Note 6 for discussion regarding the estimation of this liability. Merck KGaA A development and license agreement grants Merck exclusive rights to market Erbitux outside of North America until December 2018. A separate agreement grants co-exclusive rights among Merck, BMS, and us in Japan and expires in 2032. This agreement was amended in 2015 to grant Merck exclusive commercialization rights in Japan but did not result in any changes to our rights. Merck manufactures Erbitux for supply in its territory as well as for Japan. We receive a royalty on the sales of Erbitux outside of North America, which is included in collaboration and other revenue as the underlying sales occur. Royalties due to third parties are recorded as a reduction of collaboration and other revenue, net of any royalty reimbursements due from third parties. Olumiant ® 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 inhibitor compound, now known as Olumiant, 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. Incyte exercised its option to co-develop Olumiant in rheumatoid arthritis in 2010 and psoriatic arthritis, atopic dermatitis, alopecia areata, and systemic lupus erythematosus in 2017. The agreement calls for payments by us to Incyte associated with certain development, success-based regulatory, and sales-based milestones. In 2016, we incurred milestone-related expenses of $55.0 million in connection with regulatory submissions in the U.S. and Europe, which were recorded as research and development expense. We capitalized as intangible assets $65.0 million in the first quarter of 2017 and $15.0 million of milestones in the third quarter of 2017 in connection with regulatory approvals in Europe and Japan, respectively, which are being amortized to cost of sales over the term of the collaboration. In the fourth quarter of 2017, we incurred milestone-related expense of $30.0 million as a result of the molecule moving into Phase III testing for the atopic dermatitis indication, which was recorded as research and development expense. We capitalized as an intangible asset $100.0 million in the second quarter of 2018 in connection with a milestone payment related to a regulatory approval in the U.S., which is being amortized to cost of sales over the term of the collaboration. As of June 30, 2018 , Incyte is eligible to receive up to $150.0 million of additional payments from us contingent upon certain development and success-based regulatory milestones. Incyte is also eligible to receive up to $150.0 million of potential sales-based milestones. Effient ® We are in a collaborative arrangement with Daiichi Sankyo Co., Ltd. (Daiichi Sankyo) to develop, market, and promote Effient. Marketing rights for major territories are shown below. We and Daiichi Sankyo each have exclusive marketing rights in certain other territories. Territory Marketing Rights Selling Party U.S. Co-promotion Lilly Major European markets Co-promotion Daiichi Sankyo Japan Exclusive Daiichi Sankyo While major European markets are a co-promotion territory under the terms of our arrangement, Daiichi Sankyo exclusively promotes Effient in these markets. 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, including the major European markets. We record net product revenue in our exclusive and co-promotion territories where we are the selling party. Profit-share payments due to Daiichi Sankyo for co-promotion countries where we are the selling party are recorded as marketing, selling, and administrative expenses. Any profit-share payments due to us from Daiichi Sankyo for the major European markets are recorded as collaboration and other revenue. We also record our share of the expenses in these co-promotion territories as marketing, selling, and administrative expenses. In our exclusive territories, we pay Daiichi Sankyo a royalty specific to these territories. All royalties due to Daiichi Sankyo and the third-party manufacturer are recorded in cost of sales. Generic versions of Effient launched in the U.S. in the third quarter of 2017. The following table summarizes our revenue recognized with respect to Effient: Three Months Ended Six Months Ended 2018 2017 2018 2017 Revenue $ 27.9 $ 142.9 $ 59.5 $ 270.7 Tanezumab We have a collaboration agreement with Pfizer Inc. (Pfizer) to jointly develop and globally commercialize tanezumab for the treatment of osteoarthritis pain, chronic low back pain, and cancer pain. Under the agreement, the companies share equally the ongoing development costs and, if successful, in gross margins and certain commercialization expenses. As of June 30, 2018 , Pfizer is eligible to receive 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.

Asset Impairment, Restructuring

Asset Impairment, Restructuring, and Other Special Charges	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Asset Impairment, Restructuring, and Other Special Charges	Asset Impairment, Restructuring, and Other Special Charges The components of the charges included in asset impairment, restructuring, and other special charges in our consolidated condensed statements of operations are described below. Three Months Ended Six Months Ended 2018 2017 2018 2017 Severance: Human pharmaceutical products $ (24.6 ) $ (1.7 ) $ (24.7 ) $ 111.3 Animal health products (2.7 ) 0.7 4.8 56.3 Total severance (27.3 ) (1.0 ) (19.9 ) 167.6 Asset impairment and other special charges - Animal health products 101.7 51.0 172.6 96.3 Total asset impairment, restructuring, and other special charges $ 74.4 $ 50.0 $ 152.7 $ 263.9 Our severance charges recognized in the second half of 2017 as part of planned restructuring activities were based upon estimates for the number of employees that either lost or were going to lose their then current roles and would ultimately leave the company. During the second quarter of 2018, we determined that more displaced employees than expected were able to find other roles within the company, resulting in an immaterial reduction in the actual severance costs incurred. The severance cost accrual was reduced as of June 30, 2018 to reflect the amount we expect to pay for our remaining restructuring activities. We expect the majority of the remaining severance payments to be made in the next 12 months. Asset impairment and other special charges recognized during the three months ended June 30, 2018 resulted primarily from the decision to suspend commercialization of Imrestor ® , an animal health product. Additionally, we incurred expenses associated with the review of strategic alternatives for the Elanco animal health business. Asset impairment, restructuring, and other special charges recognized during the six months ended June 30, 2018 are associated with the severance adjustment and exits costs discussed directly above, as well as the asset impairment, exit costs, and severance costs related to the decision to end Posilac ® (rbST) production at the Augusta, Georgia manufacturing site. We are continuing to explore options related to exiting the site. We also incurred expenses associated with the review of strategic alternatives for the Elanco animal health business. Severance costs recognized during the three and six months ended June 30, 2017 were incurred as a result of actions taken to reduce our cost structure, as well as the integration of Novartis Animal Health (Novartis AH). Asset impairment and other special charges recognized during the three and six months ended June 30, 2017 , resulted primarily from integration costs of Novartis AH, as well as asset impairments due to site closures.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest-bearing investments. Wholesale distributors of life-science products account for a substantial portion of our 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 risk-management 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. Our equity investments are accounted for using three different methods depending on the type of equity investment: • Investments in companies over which we have significant influence but not a controlling interest are accounted for using the equity method, with our share of earnings or losses reported in other-net, (income) expense. • For equity investments that do not have readily determinable fair values, we measure these investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Any change in recorded value is recorded in other-net, (income) expense. • Our public equity investments are measured and carried at fair value. Any change in fair value is recognized in other-net, (income) expense. We review equity investments other than public equity investments for indications of impairment on a regular basis. Our derivative activities are initiated within the guidelines of documented corporate risk-management policies and are intended to offset losses and gains on the assets, liabilities, and transactions being hedged. Management reviews the correlation and effectiveness of our derivatives on a quarterly basis. For derivative instruments 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 instruments that are designated and qualify as cash flow hedges, the effective portion of gains and losses is reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period the hedged transaction affects earnings. For derivative and non-derivative instruments that are designated and qualify as net investment hedges, the effective portion of foreign currency translation gains or losses due to spot rate fluctuations are reported as a component of accumulated other comprehensive loss. 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 or option contracts to reduce the effect of fluctuating currency exchange rates (principally the euro, 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 and option 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 and option contracts and currency swaps as fair value hedges of firm commitments. Forward contracts generally have maturities not exceeding 12 months. At June 30, 2018 , we had outstanding foreign currency forward commitments to purchase 1.77 billion U.S. dollars and sell 1.53 billion euro, commitments to purchase 1.08 billion euro and sell 1.26 billion U.S. dollars, commitments to purchase 396.4 million U.S. dollars and sell 43.67 billion Japanese yen, commitments to purchase 159.5 million Swiss Francs and sell 160.6 million U.S. dollars, and commitments to purchase 305.2 million U.S. dollars and sell 230.9 million British pounds, which will all settle within 30 days . Foreign currency exchange risk is also managed through the use of foreign currency debt and cross-currency interest rate swaps. Our foreign currency-denominated notes had carrying amounts of $3.40 billion and $3.70 billion as of June 30, 2018 and December 31, 2017 , respectively, and have been designated as, and are effective as, economic hedges of net investments in certain of our euro-denominated and Swiss franc-denominated foreign operations. Our cross-currency interest rate swaps that convert a portion of our U.S. dollar-denominated floating rate debt to foreign-denominated floating rate debt have also been designated as, and are effective as, economic hedges of net investments, primarily in our euro-denominated foreign operations. 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. Cash proceeds from or payments to counterparties resulting from the termination of interest rate swaps are classified as operating activities in our consolidated condensed statements of cash flows. At June 30, 2018 , substantially all of our total long-term debt is at a fixed rate. We have converted 25 percent of our long-term fixed-rate notes to floating rates through the use of interest rate swaps. 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 also may enter into forward-starting interest rate swaps, which we designate as cash flow hedges, as part of any 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 underlying debt. The Effect of Risk-Management Instruments on the Consolidated Condensed Statements of Operations The following effects of risk-management instruments were recognized in other–net, (income) expense: Three Months Ended Six Months Ended 2018 2017 2018 2017 Fair value hedges: Effect from hedged fixed-rate debt $ (19.7 ) $ 15.0 $ (74.5 ) $ 7.5 Effect from interest rate contracts 19.7 (15.0 ) 74.5 (7.5 ) Cash flow hedges: Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss 3.7 3.7 7.3 7.4 Net losses on foreign currency exchange contracts not designated as hedging instruments 59.1 25.8 75.7 62.9 During the six months ended June 30, 2018 and 2017 , 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. The Effect of Risk-Management Instruments on Other Comprehensive Income (Loss) The effective portion of risk-management instruments that was recognized in other comprehensive income (loss) is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net investment hedges: Foreign currency-denominated notes $ 208.5 $ (194.4 ) $ 100.8 $ (273.3 ) Cross-currency interest rate swaps 69.1 (51.5 ) 37.6 (57.6 ) Cash flow hedges: Forward-starting interest rate swaps — 13.0 — 13.0 During the next 12 months, we expect to reclassify $14.9 million of pretax net losses on cash flow hedges from accumulated other comprehensive loss to other–net, (income) expense. Fair Value of Financial Instruments The following tables summarize certain fair value information at June 30, 2018 and December 31, 2017 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 Carrying Amount Cost (1) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2018 Cash equivalents $ 5,188.2 $ 5,188.2 $ 5,188.2 $ — $ — $ 5,188.2 Short-term investments: U.S. government and agency securities $ 10.1 $ 10.1 $ 10.1 $ — $ — $ 10.1 Corporate debt securities 70.1 70.2 — 70.1 — 70.1 Asset-backed securities 7.8 7.8 — 7.8 — 7.8 Other securities 4.2 4.2 — 4.2 — 4.2 Short-term investments $ 92.2 Noncurrent investments: U.S. government and agency securities $ 161.9 $ 167.9 $ 161.9 $ — $ — $ 161.9 Corporate debt securities 659.5 672.4 — 659.5 — 659.5 Mortgage-backed securities 106.5 110.5 — 106.5 — 106.5 Asset-backed securities 31.8 32.2 — 31.8 — 31.8 Other securities 136.0 39.3 — — 136.0 136.0 Marketable equity securities 315.7 133.5 315.7 — — 315.7 Equity investments without readily determinable fair values (2) 392.8 Equity method investments (2) 255.4 Noncurrent investments $ 2,059.6 December 31, 2017 Cash equivalents $ 4,763.9 $ 4,763.9 $ 4,712.4 $ 51.5 $ — $ 4,763.9 Short-term investments: U.S. government and agency securities $ 217.8 $ 218.2 $ 217.8 $ — $ — $ 217.8 Corporate debt securities 1,182.3 1,183.2 — 1,182.3 — 1,182.3 Asset-backed securities 94.2 94.3 — 94.2 — 94.2 Other securities 3.6 3.6 — 3.6 — 3.6 Short-term investments $ 1,497.9 Noncurrent investments: U.S. government and agency securities $ 360.0 $ 365.0 $ 360.0 $ — $ — $ 360.0 Corporate debt securities 3,464.3 3,473.5 — 3,464.3 — 3,464.3 Mortgage-backed securities 202.4 204.2 — 202.4 — 202.4 Asset-backed securities 653.9 656.0 — 653.9 — 653.9 Other securities 132.1 66.4 — — 132.1 132.1 Marketable equity securities 281.3 131.0 281.3 — — 281.3 Cost and equity method investments (2) 584.8 Noncurrent investments $ 5,678.8 (1) For available-for-sale debt securities, amounts disclosed represent the securities' amortized cost. (2) Fair value disclosures are not applicable for equity method investments and investments accounted for under the measurement alternative for equity investments that do not have readily determinable fair values. Fair Value Measurements Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Short-term commercial paper borrowings June 30, 2018 $ (2,448.0 ) $ — $ (2,445.9 ) $ — $ (2,445.9 ) December 31, 2017 (2,696.8 ) — (2,690.6 ) — (2,690.6 ) Long-term debt, including current portion June 30, 2018 $ (9,771.6 ) $ — $ (10,063.5 ) $ — $ (10,063.5 ) December 31, 2017 (10,950.3 ) — (11,529.9 ) — (11,529.9 ) Fair Value Measurements Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2018 Risk-management instruments: Interest rate contracts designated as fair value hedges: Other current liabilities $ (4.2 ) $ — $ (4.2 ) $ — $ (4.2 ) Other noncurrent liabilities (45.5 ) — (45.5 ) — (45.5 ) Cross-currency interest rate contracts designated as net investment hedges: Other receivables 21.2 — 21.2 — 21.2 Sundry 4.2 — 4.2 — 4.2 Other current liabilities (20.5 ) — (20.5 ) — (20.5 ) Foreign exchange contracts not designated as hedging instruments: Other receivables 11.8 — 11.8 — 11.8 Other current liabilities (9.6 ) — (9.6 ) — (9.6 ) Contingent consideration liabilities (1) : Other current liabilities (123.3 ) — — (123.3 ) (123.3 ) Other noncurrent liabilities (41.1 ) — — (41.1 ) (41.1 ) December 31, 2017 Risk-management instruments: Interest rate contracts designated as fair value hedges: Other receivables $ 0.8 $ — $ 0.8 $ — $ 0.8 Sundry 35.1 — 35.1 — 35.1 Other current liabilities (0.2 ) — (0.2 ) — (0.2 ) Other noncurrent liabilities (10.5 ) — (10.5 ) — (10.5 ) Cross-currency interest rate contracts designated as net investment hedges: Other current liabilities (33.4 ) — (33.4 ) — (33.4 ) Other noncurrent liabilities (26.0 ) — (26.0 ) — (26.0 ) Foreign exchange contracts not designated as hedging instruments: Other receivables 26.8 — 26.8 — 26.8 Other current liabilities (36.0 ) — (36.0 ) — (36.0 ) Contingent consideration liabilities (1) : Other current liabilities (208.0 ) — — (208.0 ) (208.0 ) Other noncurrent liabilities (45.2 ) — — (45.2 ) (45.2 ) (1) Contingent consideration liabilities primarily relate to the Erbitux arrangement with BMS discussed in Note 4. 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 our Level 1 and Level 2 fair value measurements 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. Level 3 fair value measurements for other investment securities are determined using unobservable inputs, including the investments' cost adjusted for impairments and price changes from orderly transactions. The fair values of equity method investments and investments measured under the measurement alternative for equity investments that do not have readily determinable fair values are not readily available. Contingent consideration liabilities primarily include contingent consideration related to Erbitux, for which the fair value was estimated using a discounted cash flow analysis and Level 3 inputs, including projections representative of a market participant view for net sales in North America through September 2018 and an estimated discount rate. The amount to be paid is calculated as a tiered percentage of net sales (see Note 4) and will, therefore, vary directly with increases and decreases in net sales of Erbitux in North America. There is no cap on the amount that may be paid pursuant to this arrangement. The decrease in the fair value of the contingent consideration liabilities during the six months ended June 30, 2018 was due primarily to cash payments of $101.8 million related to Erbitux. The change in the fair value of the contingent consideration liabilities recognized in earnings during the three and six months ended June 30, 2018 and 2017 due to changes in time value of money was not material. The table below summarizes the contractual maturities of our investments in debt securities measured at fair value as of June 30, 2018 : Maturities by Period Total Less Than 1 Year 1-5 Years 6-10 Years More Than 10 Years Fair value of debt securities $ 1,047.7 $ 88.0 $ 656.8 $ 148.3 $ 154.6 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, 2018 December 31, 2017 Unrealized gross gains $ 1.8 $ 184.7 Unrealized gross losses 25.2 47.5 Fair value of securities in an unrealized gain position 148.0 1,434.2 Fair value of securities in an unrealized loss position 898.0 4,692.8 A summary of the unrealized gains and losses (pretax) recognized in our statements of operations for equity securities held as of June 30, 2018 is as follows: Three Months Ended June 30, Six Months Ended June 30, Unrealized gain (loss), net $ 20.8 $ 38.6 We periodically assess our investment in available-for-sale securities for other-than-temporary impairment losses. There were no other-than-temporary impairment losses in the three or six months ended June 30, 2018 or the three or six months ended June 30, 2017 . We periodically assess our investments in equity securities other than public equity securities for impairment losses. Impairment losses recognized on these equity securities in the three and six months ended June 30, 2018 were immaterial. For fixed-income securities, the amount of credit losses are determined by comparing the difference between the present value of future cash flows expected to be collected on these securities and the amortized cost. Factors considered in assessing credit losses include the position in the capital structure, vintage and amount of collateral, delinquency rates, current credit support, and geographic concentration. For equity securities, factors considered in assessing impairment losses include the financial condition and near term prospects of the issuer and general market conditions and industry specific factors. As of June 30, 2018 , the available-for-sale securities in an unrealized loss position include primarily fixed-rate debt securities of varying maturities, which are sensitive to changes in the yield curve and other market conditions. Approximately 60 percent of the fixed-rate debt securities in a loss position are investment-grade debt securities. As of June 30, 2018 , 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 there is no indication of default on interest or principal payments for any of our debt securities. Activity related to our investment portfolio, substantially all of which related to equity and available-for-sale securities, was as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Proceeds from sales $ 4,953.8 $ 959.0 $ 5,546.4 $ 2,051.5 Realized gross gains on sales 5.6 22.2 7.7 73.9 Realized gross losses on sales 47.4 1.1 49.0 2.4 Realized gains and losses on sales of available-for-sale 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. Adjustments recorded to our equity investments without readily determinable fair values are based upon changes in the equity instrument's value resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. Downward adjustments resulting from an impairment are recorded based upon the impairment considerations mentioned above. Adjustments recorded during the six months ended June 30, 2018 were immaterial. Accounts Receivable Factoring Arrangements We have entered into accounts receivable factoring agreements with financial institutions to sell certain of our non-U.S. accounts receivable. These transactions are accounted for as sales and result in a reduction in accounts receivable because the agreements transfer effective control over and risk related to the receivables to the buyers. Our factoring agreements do not allow for recourse in the event of uncollectibility, and we do not retain any interest in the underlying accounts receivable once sold. We derecognized $673.9 million and $723.2 million of accounts receivable as of June 30, 2018 and December 31, 2017 , respectively, under these factoring arrangements. The cost of factoring such accounts receivable on our consolidated condensed results of operations for the six months ended June 30, 2018 and 2017 was not material.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity During the six months ended June 30, 2018 , we repurchased $2.05 billion , or 25.8 million shares, completing the $5.00 billion share repurchase program announced in October 2013. During the six months ended June 30, 2017 , we repurchased $259.9 million of shares under the same repurchase program. A payment of $60.0 million was made in the fourth quarter of 2016 for shares repurchased in 2017. An $8.00 billion share repurchase program was authorized in June 2018. There were no shares repurchased under the $8.00 billion program during the six months ended June 30, 2018.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the three months ended June 30, 2018 , we incurred $264.7 million of income tax expense, despite earning $4.8 million of income before income taxes as a result of the non-deductible acquired IPR&D charges totaling $1.56 billion related to the acquisitions of ARMO and AurKa. The effective tax rate for the six months ended June 30, 2018 was 33.8 percent as it also reflected these non-deductible charges. The effective tax rate for the six months ended June 30, 2017 was 32.1 percent as it reflected the non-deductible acquired IPR&D charge of $857.6 million related to the acquisition of CoLucid. In December 2017, the President of the U.S. signed into law the Tax Cuts and Jobs Act (2017 Tax Act), which includes significant changes to the U.S. corporate income tax system, including a reduction in the corporate income tax rate, transition to a territorial tax system, and modifications to the international tax provisions. The changes that became effective January 1, 2018 resulted in a reduction to our tax expense for the three and six months ended June 30, 2018 compared to the three and six months ended June 30, 2017 , respectively. At June 30, 2018, our accounting for the 2017 Tax Act is incomplete; however, we expect to complete our accounting by December 2018. As discussed in our 2017 Annual Report on Form 10-K, we recorded provisional adjustments for effects that we were able to reasonably estimate. Those effects included the one-time repatriation transition tax (also known as the 'Toll Tax'), re-measurement of deferred tax assets and liabilities, unremitted earnings, executive compensation, and uncertain tax positions. At year-end, we were not able to make reasonable estimates for Global Intangible Low-Taxed Income (GILTI) deferred taxes or valuation allowances; therefore, we did not record provisional amounts. We are still evaluating the effects of the GILTI provisions and assessing our valuation allowances, and we have not yet determined our accounting policy election with respect to GILTI deferred taxes or the application of intra-entity transfers of inventory; therefore, the estimated annual effective tax rate reflects GILTI as a period expense. For the six months ended June 30, 2018 , we have not made any additional measurement-period adjustments related to these provisional items as we are continuing to collect and analyze additional information as well as evaluate the interpretations and assumptions made. Updates to our calculations may result in material changes to the provisional adjustments recorded at year-end and the estimated annual effective tax rate. The U.S. examination of tax years 2013 - 2015 began in 2016. While we believe it is reasonably possible that this audit could reach resolution within the next 12 months, the IRS examination of tax years 2013-2015 remains ongoing. Therefore, it is not possible to reasonably estimate the change to unrecognized tax benefits and the related future cash flows.

Retirement Benefits

Retirement Benefits	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefits	Retirement Benefits Net pension and retiree health benefit (income) cost included the following components: Defined Benefit Pension Plans Three Months Ended Six Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 77.7 $ 86.7 $ 158.1 $ 165.6 Interest cost 112.0 103.2 224.6 205.6 Expected return on plan assets (211.2 ) (195.3 ) (423.7 ) (389.3 ) Amortization of prior service cost 1.3 1.5 2.5 2.9 Recognized actuarial loss 91.6 70.4 182.0 143.1 Net periodic benefit cost $ 71.4 $ 66.5 $ 143.5 $ 127.9 Retiree Health Benefit Plans Three Months Ended Six Months Ended 2018 2017 2018 2017 Components of net periodic benefit income: Service cost $ 10.9 $ 12.0 $ 21.6 $ 23.2 Interest cost 13.5 13.4 27.4 26.4 Expected return on plan assets (43.9 ) (40.1 ) (87.8 ) (80.4 ) Amortization of prior service benefit (20.4 ) (22.5 ) (40.9 ) (45.0 ) Recognized actuarial loss 2.2 5.1 4.6 9.2 Net periodic benefit income $ (37.7 ) $ (32.1 ) $ (75.1 ) $ (66.6 ) We contributed approximately $25 million required to satisfy minimum funding requirements to our defined benefit pension and retiree health benefit plans during the six months ended June 30, 2018 . Additional discretionary funding in the aggregate was not material during the six months ended June 30, 2018 . During the remainder of 2018 , we expect to make contributions to our defined benefit pension and retiree health benefit plans of approximately $30 million to satisfy minimum funding requirements. No additional discretionary funding for the remainder of 2018 has been approved at this time. As discussed in Note 2, upon adoption of Accounting Standards Update 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, pension and retiree health benefit cost components other than service costs are presented in other–net, (income) expense.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	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 the U.S., Japan, and a number of countries in Europe to market generic forms of Alimta prior to the expiration of our vitamin regimen patents, alleging that those patents are invalid, not infringed, or both. We believe our Alimta vitamin regimen patents are valid and enforceable against these generic manufacturers. 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 that a loss of exclusivity for Alimta would result in a rapid and severe decline in future revenue for the product in the relevant market. U.S. Patent Litigation and Administrative Proceedings In the U.S., more than 10 Abbreviated New Drug Applications (ANDAs) seeking approval to market generic versions of Alimta prior to the expiration of our vitamin regimen patent (expiring in 2021 plus pediatric exclusivity expiring in 2022) have been filed by a number of companies, including Teva Parenteral Medicines, Inc. (Teva) and APP Pharmaceuticals, LLC (APP) pursuant to procedures set out in the Drug Price Competition and Patent Term Restoration Act of 1984 (the Hatch-Waxman Act). We have received favorable decisions from the U.S. Court of Appeals for the Federal Circuit (affirming the U.S. District Court for the Southern District of Indiana's decisions finding our U.S. vitamin regimen patent valid and infringed) against Teva, APP, and two other defendants' proposed products, and similar favorable judgments have been entered by the U.S. District Court for the Southern District of Indiana against five other companies. The remaining ANDA applicants have agreed to a preliminary injunction or stay pending the appeal of the inter partes review (IPR) described in the following sentence. In October 2017, the U.S. Patent and Trademark Office issued written decisions in our favor following IPR of our vitamin regimen patent, finding that the generic company petitioners failed to show that the claims in our patent are unpatentable. A number of these challengers have filed an appeal . We currently have pending lawsuits in the U.S. District Court for the Southern District of Indiana alleging infringement against Actavis LLC and Apotex Inc. in response to their applications to market alternative forms of pemetrexed products, and a similar lawsuit was filed in the U.S. District Court for Delaware against Eagle Pharmaceuticals, Inc. In June 2018, the U.S. District Court for the Southern District of Indiana ruled in our favor in two similar cases, finding Dr. Reddy's Laboratories' (Dr. Reddy) and Hospira, Inc.'s (Hospira) proposed products would infringe our patent. Dr. Reddy and Hospira have appealed those rulings. European Patent Litigation and Administrative Proceedings In July 2017, the United Kingdom (U.K.) Supreme Court ruled that commercialization of certain salt forms of pemetrexed (the active ingredient in Alimta) by Actavis Group ehf and other Actavis companies directly infringes our vitamin regimen patents in the U.K., Italy, France, and Spain. Litigation in the U.K. is now concluded. Hexal AG (Hexal) and Stada Arzneimittel AG have each challenged the validity of our vitamin regimen patent before the German Federal Patent Court. At a hearing in July 2018, the German Federal Patent Court held that our vitamin regimen patent is invalid. We plan to appeal this decision. Under German law, the patent remains in force pending appeal. A number of generic competitors have received approval to market generic versions of pemetrexed in Germany. Injunctions are in place against four of these companies, including Hexal AG and ratiopharm GmbH (a subsidiary of Teva), as well as Informationsstelle für Arzneispezialitäten GmbH. Whether the infringement court grants further injunctions or maintains the injunctions pending the appeal, or whether a generic competitor chooses to launch at risk, makes the timing of possible generic entry and market erosion unpredictable. Additional legal proceedings are ongoing in various national courts of other European countries. We are aware that several companies have received approval to market generic versions of pemetrexed in major European markets and that generic competitors may choose to launch at risk (including one generic product currently on the market in France). We will continue to seek to remove any generic pemetrexed products launched at risk in European markets, seek damages in respect of such launches, and defend our patents against validity challenges. Japanese Administrative Proceedings Three separate sets of demands for invalidation of our two vitamin regimen patents, involving several companies, have been filed with the Japanese Patent Office (JPO). In February 2017, the Japan Intellectual Property High Court confirmed the decisions of the JPO upholding the validity of both our Japanese vitamin regime patents in the challenge initiated by Sawai Pharmaceutical Co., Ltd. and joined by three other companies. This decision is now final. In May 2017, the JPO resumed one of the two remaining sets of demands, brought by Nipro Corporation (Nipro) and in July 2018, the JPO issued written decisions dismissing Nipro’s invalidation demands. The other set of demands, brought by Hospira Inc., remains suspended. If upheld through all challenges, these patents provide intellectual property protection for Alimta until June 2021. Notwithstanding our patents, generic versions of Alimta were approved in Japan starting in February 2016. We do not currently anticipate that generic versions of Alimta will proceed to pricing approval. Cymbalta ® Product Liability Litigation We were named as a defendant in a purported class-action lawsuit in the U.S. District Court for the Central District of California (now called Strafford et al. v. Eli Lilly and Company ) involving Cymbalta. The plaintiffs, purporting to represent a class of all persons within the U.S. who purchased and/or paid for Cymbalta, asserted claims under the consumer protection statutes of four states, California, Massachusetts, Missouri, and New York, and sought declaratory, injunctive, and monetary relief for various alleged economic injuries arising from discontinuing treatment with Cymbalta. In December 2014, the district court denied the plaintiffs' motion for class certification. Plaintiffs filed a petition with the U.S. Court of Appeals for the Ninth Circuit requesting permission to file an interlocutory appeal of the denial of class certification, which was denied. Plaintiffs filed a second motion for certification under the consumer protection acts of New York and Massachusetts. The district court denied that motion for class certification in July 2015. The district court dismissed the suits and plaintiffs appealed to the U.S. Court of Appeals for the Ninth Circuit. In June 2017, we moved to dismiss the appeal for lack of jurisdiction based on the U.S. Supreme Court's recent decision in Microsoft v. Baker . In November 2017, the U.S. Court of Appeals for the Ninth Circuit dismissed the suit. In July 2018, the U.S. District Court for the District of California denied Plaintiffs’ motion to reopen the case. We are named in approximately 140 lawsuits involving approximately 1,470 plaintiffs filed in various federal and state courts alleging injuries arising from discontinuation of treatment with Cymbalta. These include approximately 40 individual and multi-plaintiff cases filed in California state court, centralized in a California Judicial Counsel Coordination Proceeding pending in Los Angeles. The first individual product liability cases were tried in August 2015 and resulted in defense verdicts against four plaintiffs. We believe all these Cymbalta lawsuits and claims are without merit. We have reached a settlement framework that provides for a comprehensive resolution of nearly all of these personal injury claims, filed or unfiled, alleging injuries from discontinuing treatment with Cymbalta. Brazil–Employee Litigation Our subsidiary in Brazil, Eli Lilly do Brasil Limitada (Lilly Brasil), is named in a lawsuit brought by the Labor Attorney for the 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 Brasil 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 six 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 1.0 billion Brazilian real (approximately $260 million as of June 30, 2018 ) plus interest. We filed an appeal in May 2014. In April 2018 the appeals court heard oral arguments in preparation for giving its written judgment on the appeal. We expect a written decision in the third quarter of 2018. While the written decision has not yet been issued, the appeals court issued a press release indicating that it would affirm the lower court's ruling, with the total financial impact of the ruling estimated to be approximately 500 million Brazilian real (approximately $130 million as of June 30, 2018 ). We strongly disagree with the court's decision and plan to appeal. We are also named in approximately 30 lawsuits filed in the same court by individual former employees making similar claims. Lilly Brasil and Elanco Quimica Ltda. have been named in a lawsuit involving approximately 305 individuals alleging that the companies failed to provide warnings regarding exposure to heavy metals or proper equipment at the former Cosmopolis facility, and that this alleged failure could result in possible harm to employees, former employees, and their dependents. In June 2017, the court denied the plaintiffs' request for a preliminary injunction. In September 2017, the court dismissed the claims brought by all but the first named plaintiff. The plaintiffs are appealing that decision. Lilly Brasil and Elanco Quimica Ltda. have also been named in a separate lawsuit involving approximately 105 individuals alleging that the companies failed to provide warnings regarding exposure to heavy metals or proper equipment at the former Cosmopolis facility, and that this alleged failure could result in possible harm to contractors and suppliers, and their dependents. In November 2017, the court dismissed the claims brought by all but the first named plaintiff. We believe all of these lawsuits are without merit and are prepared to defend against them vigorously. Agri Stats, Inc. Agri Stats, Inc., a Lilly subsidiary, has been named as a co-defendant in approximately 15 antitrust suits, including several putative class-actions, filed in the U.S. District Court for the Northern District of Illinois, District of Kansas and the District of Minnesota. The matters allege that defendants engaged in a conspiracy to limit U.S. chicken and swine production and inflate prices. Plaintiffs consist of private direct and indirect purchasers of broiler chickens and pork products. We believe these claims 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)	6 Months Ended
	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss)	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, 2018 and 2017 : (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, 2018 $ (850.6 ) $ (51.0 ) $ (4,304.4 ) $ (231.5 ) $ (5,437.5 ) Other comprehensive income (loss) before reclassifications (820.9 ) 65.9 54.5 0.1 (700.4 ) Net amount reclassified from accumulated other comprehensive loss — (33.0 ) 59.3 2.9 29.2 Net other comprehensive income (loss) (820.9 ) 32.9 113.8 3.0 (671.2 ) Balance at June 30, 2018 $ (1,671.5 ) $ (18.1 ) $ (4,190.6 ) $ (228.5 ) $ (6,108.7 ) (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, 2017 $ (1,648.7 ) $ 179.4 $ (3,349.4 ) $ (208.4 ) $ (5,027.1 ) Other comprehensive income (loss) before reclassifications 299.3 (12.5 ) (37.7 ) 8.4 257.5 Net amount reclassified from accumulated other comprehensive loss — (13.7 ) 38.6 2.4 27.3 Net other comprehensive income (loss) 299.3 (26.2 ) 0.9 10.8 284.8 Balance at June 30, 2017 (1) $ (1,349.4 ) $ 153.2 $ (3,348.5 ) $ (197.6 ) $ (4,742.3 ) The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2018 and 2017 : (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, 2018 (2) $ (1,233.4 ) $ 113.5 $ (4,340.7 ) $ (234.3 ) $ (5,694.9 ) Reclassification due to adoption of new accounting standard (3) — (128.9 ) — — (128.9 ) Other comprehensive income (loss) before reclassifications (438.1 ) 29.9 32.4 — (375.8 ) Net amount reclassified from accumulated other comprehensive loss — (32.6 ) 117.7 5.8 90.9 Net other comprehensive income (loss) (438.1 ) (2.7 ) 150.1 5.8 (284.9 ) Balance at June 30, 2018 $ (1,671.5 ) $ (18.1 ) $ (4,190.6 ) $ (228.5 ) $ (6,108.7 ) (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 January 1, 2017 (2) $ (1,867.3 ) $ 224.0 $ (3,371.6 ) $ (210.9 ) $ (5,225.8 ) Other comprehensive income (loss) before reclassifications 517.9 (24.3 ) (54.6 ) 8.4 447.4 Net amount reclassified from accumulated other comprehensive loss — (46.5 ) 77.7 4.9 36.1 Net other comprehensive income (loss) 517.9 (70.8 ) 23.1 13.3 483.5 Balance at June 30, 2017 (1) $ (1,349.4 ) $ 153.2 $ (3,348.5 ) $ (197.6 ) $ (4,742.3 ) (1) Accumulated other comprehensive loss as of June 30, 2017 consists of $4,774.9 million of accumulated other comprehensive loss attributable to controlling interest and $32.6 million of accumulated other comprehensive income attributable to non-controlling interest. (2) Accumulated other comprehensive loss as of January 1, 2018 consists of $5,718.6 million of accumulated other comprehensive loss attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to non-controlling interest. Accumulated other comprehensive loss as of January 1, 2017 consists of $5,274.0 million of accumulated other comprehensive loss attributable to controlling interest and $48.2 million of accumulated other comprehensive income attributable to non-controlling interest. (3) This reclassification consists of $104.8 million of accumulated other comprehensive loss attributable to controlling interest and $24.1 million of accumulated other comprehensive loss attributable to non-controlling interest. Refer to Note 2 for further details regarding the reclassification due to the adoption of Accounting Standards Update 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. . The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows: Three Months Ended Six Months Ended Tax benefit (expense) 2018 2017 2018 2017 Foreign currency translation gains/losses $ (58.3 ) $ 86.1 $ (18.2 ) $ 115.8 Unrealized net gains/losses on securities (8.9 ) 11.5 1.3 29.6 Defined benefit pension and retiree health benefit plans (23.6 ) (6.1 ) (37.9 ) (14.6 ) Effective portion of cash flow hedges (0.7 ) (5.8 ) (1.5 ) (7.1 ) Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items $ (91.5 ) $ 85.7 $ (56.3 ) $ 123.7 Except for the tax effects of foreign currency translation gains and losses related to our foreign currency-denominated notes, cross-currency interest rate swaps, and other foreign currency exchange contracts designated as net investment hedges (see Note 6), income taxes were not provided for foreign currency translation. Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in shareholders' equity rather than in the consolidated condensed statements of operations. Reclassifications out of accumulated other comprehensive loss were as follows: Details about Accumulated Other Comprehensive Loss Components Three Months Ended Six Months Ended Affected Line Item in the Consolidated Condensed Statements of Operations 2018 2017 2018 2017 Amortization of retirement benefit items: Prior service benefits, net $ (19.1 ) $ (21.0 ) $ (38.4 ) $ (42.1 ) (1) Actuarial losses, net 93.8 75.5 186.6 152.3 (1) Total before tax 74.7 54.5 148.2 110.2 Tax benefit (15.4 ) (15.9 ) (30.5 ) (32.5 ) Income taxes Net of tax 59.3 38.6 117.7 77.7 Unrealized gains/losses on available-for-sale securities: Realized (gains), losses, net (41.8 ) (21.1 ) (41.3 ) (71.5 ) Other–net, (income) expense Tax (benefit) expense 8.8 7.4 8.7 25.0 Income taxes Net of tax (33.0 ) (13.7 ) (32.6 ) (46.5 ) Other, net of tax 2.9 2.4 5.8 4.9 Other–net, (income) expense Total reclassifications for the period (net of tax) $ 29.2 $ 27.3 $ 90.9 $ 36.1 (1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit (income) cost (see Note 9).

Other-Net, (Income) Expense

Other-Net, (Income) Expense	6 Months Ended
	Jun. 30, 2018
Nonoperating Income (Expense) [Abstract]
Other - Net, (Income) Expense	Other–Net, (Income) Expense Other–net, (income) expense consisted of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest expense $ 63.3 $ 53.6 $ 124.5 $ 100.2 Interest income (41.2 ) (36.9 ) (86.7 ) (69.5 ) Retirement benefit (54.9 ) (64.3 ) (111.3 ) (127.5 ) Other income (5.2 ) (12.8 ) (32.0 ) (41.9 ) Other–net, (income) expense $ (38.0 ) $ (60.4 ) $ (105.5 ) $ (138.7 ) As discussed in Note 2, upon adoption of Accounting Standards Update 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, pension and postretirement benefit cost components other than service costs are presented in other–net, (income) expense. Results for the three and six months ended June 30, 2017 have been reclassified to reflect the adoption of this standard.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information We have two operating segments—human pharmaceutical products and animal health products. Our operating 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 2018 2017 U.S. (1) Outside U.S. Total U.S. (1) Outside U.S. Total Segment revenue—to unaffiliated customers: Human pharmaceutical products: Endocrinology: Trulicity ® $ 612.4 $ 167.4 $ 779.8 $ 380.9 $ 99.3 $ 480.2 Humalog ® 464.5 305.2 769.8 390.4 288.0 678.4 Forteo ® 224.5 210.0 434.5 249.8 196.9 446.7 Humulin ® 238.8 107.2 346.0 226.5 131.3 357.8 Basaglar 156.5 45.3 201.8 59.5 27.1 86.6 Jardiance 85.6 61.6 147.2 66.8 36.3 103.2 Trajenta 56.8 84.9 141.7 60.4 81.5 141.9 Other Endocrinology 61.4 72.8 134.1 117.8 78.8 196.5 Total Endocrinology 1,900.5 1,054.4 2,954.9 1,552.1 939.2 2,491.3 Oncology: Alimta 281.3 274.6 555.9 274.3 258.6 532.9 Cyramza ® 75.4 143.3 218.8 68.7 117.6 186.3 Erbitux 140.0 26.4 166.4 133.0 26.1 159.1 Other Oncology 110.0 59.1 169.0 43.7 33.8 77.6 Total Oncology 606.7 503.4 1,110.1 519.7 436.1 955.9 Cardiovascular: Cialis ® 345.7 193.0 538.7 381.0 246.3 627.3 Effient 13.3 14.6 27.9 131.0 11.9 142.9 Other Cardiovascular 96.1 30.3 126.4 6.7 35.6 42.2 Total Cardiovascular 455.1 237.9 693.0 518.7 293.8 812.4 Neuroscience: Cymbalta 12.6 169.4 181.9 47.1 159.6 206.6 Zyprexa ® 11.8 116.2 128.0 13.0 127.8 140.8 Strattera ® 16.9 97.3 114.2 101.5 85.1 186.6 Other Neuroscience 22.5 24.3 46.9 30.6 22.0 52.7 Total Neuroscience 63.8 407.2 471.0 192.2 394.5 586.7 Immunology: Taltz ® 173.6 46.5 220.1 124.4 14.3 138.7 Other Immunology 1.7 42.9 44.6 — 4.8 4.8 Total Immunology 175.3 89.4 264.7 124.4 19.1 143.5 Other pharmaceuticals 22.3 47.1 69.5 10.3 39.3 49.6 Total human pharmaceutical products 3,223.7 2,339.4 5,563.2 2,917.4 2,122.0 5,039.4 Animal health products 378.2 413.8 792.1 406.5 378.3 784.8 Revenue $ 3,602.0 $ 2,753.3 $ 6,355.2 $ 3,323.9 $ 2,500.3 $ 5,824.3 Six Months Ended 2018 2017 U.S. (1) Outside U.S. Total U.S. (1) Outside U.S. Total Segment revenue—to unaffiliated customers: Human pharmaceutical products: Endocrinology: Humalog $ 968.7 $ 592.8 $ 1,561.5 $ 839.4 $ 547.3 $ 1,386.8 Trulicity 1,140.6 317.5 1,458.1 677.2 176.0 853.1 Forteo 346.6 401.1 747.8 427.4 366.7 794.2 Humulin 460.4 211.5 671.9 431.9 240.4 672.3 Basaglar 283.2 84.6 367.8 81.5 51.1 132.6 Jardiance 180.6 117.6 298.2 114.6 62.6 177.1 Trajenta 110.9 171.9 282.8 105.8 149.1 254.9 Other Endocrinology 125.4 140.2 265.6 191.2 152.1 343.3 Total Endocrinology 3,616.4 2,037.2 5,653.7 2,869.0 1,745.3 4,614.3 Oncology: Alimta 526.7 528.9 1,055.5 501.6 521.2 1,022.8 Cyramza 143.7 258.7 402.4 134.9 222.7 357.6 Erbitux 261.3 54.7 316.1 262.2 51.3 313.5 Other Oncology 185.3 107.4 292.7 84.8 64.2 149.0 Total Oncology 1,117.0 949.7 2,066.7 983.5 859.4 1,842.9 Cardiovascular: Cialis 659.1 375.0 1,034.1 677.7 483.2 1,160.9 Effient 29.2 30.3 59.5 248.0 22.7 270.7 Other Cardiovascular 103.8 64.5 168.3 15.7 62.4 78.0 Total Cardiovascular 792.1 469.8 1,261.9 941.4 568.3 1,509.6 Neuroscience: Cymbalta 24.8 326.7 351.5 81.2 300.0 381.2 Zyprexa 20.6 230.0 250.6 36.7 251.6 288.3 Strattera 63.9 181.0 244.9 223.9 158.9 382.8 Other Neuroscience 45.7 51.0 96.7 65.2 48.5 113.7 Total Neuroscience 155.0 788.7 943.7 407.0 759.0 1,166.0 Immunology: Taltz 284.7 81.8 366.5 212.3 23.1 235.4 Other Immunology 1.8 75.2 76.9 — 6.6 6.6 Total Immunology 286.5 157.0 443.4 212.3 29.7 242.0 Other pharmaceuticals 35.7 96.7 132.5 23.9 99.6 123.6 Total human pharmaceutical products 6,002.7 4,499.1 10,501.9 5,437.1 4,061.3 9,498.4 Animal health products 754.0 799.4 1,553.4 820.3 733.8 1,554.2 Revenue $ 6,756.7 $ 5,298.6 $ 12,055.2 $ 6,257.5 $ 4,795.1 $ 11,052.6 Numbers may not add due to rounding. (1) U.S. revenue includes revenue in Puerto Rico. Three Months Ended Six Months Ended 2018 2017 2018 2017 Segment profits: Human pharmaceutical products $ 1,720.2 $ 1,352.3 $ 3,237.0 $ 2,523.2 Animal health products 144.5 152.4 299.4 300.7 Total segment profits $ 1,864.6 $ 1,504.7 $ 3,536.3 $ 2,823.9 Reconciliation of total segment profits to consolidated income before taxes: Segment profits $ 1,864.6 $ 1,504.7 $ 3,536.3 $ 2,823.9 Other profits (losses): Acquired in-process research and development (Note 3) (1,624.5 ) — (1,624.5 ) (857.6 ) Amortization of intangible assets (152.9 ) (178.1 ) (305.3 ) (354.2 ) Asset impairment, restructuring, and other special charges (Note 5) (74.4 ) (50.0 ) (152.7 ) (263.9 ) Other, net (8.0 ) (16.1 ) (8.0 ) (26.5 ) Consolidated income before taxes $ 4.8 $ 1,260.5 $ 1,445.8 $ 1,321.7 Numbers may not add due to rounding. 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. Three Months Ended Six Months Ended 2018 2017 2018 2017 Geographic Information Revenue—to unaffiliated customers (1) : United States $ 3,602.0 $ 3,323.9 $ 6,756.7 $ 6,257.5 Europe 1,090.7 963.6 2,125.9 1,860.6 Japan 664.3 627.5 1,220.1 1,150.3 Other foreign countries 998.2 909.3 1,952.5 1,784.2 Revenue $ 6,355.2 $ 5,824.3 $ 12,055.2 $ 11,052.6 Numbers may not add due to rounding. (1) Revenue is attributed to the countries based on the location of the customer. Refer to Note 14 for information regarding the completion of the strategic review of the Elanco animal health business.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Event We have completed our strategic review of the Elanco animal health business (Elanco) and anticipate publicly filing a registration statement in the coming weeks with the U.S. Securities and Exchange Commission for a potential initial public offering (IPO) of less than a 20 percent ownership stake in Elanco. We expect to complete the IPO process during the second half of 2018. The animal health business continues to be presented as a continuing operation in these consolidated condensed financial statements.

Implementation of New Financi22

Implementation of New Financial Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2014-09 and various other related updates, Revenue from Contracts with Customers This standard replaced existing revenue recognition standards and requires entities to 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. An entity can apply the new revenue standard retrospectively to each prior reporting period presented or with the cumulative effect of initially applying the standard recognized at the date of initial application in retained earnings. We applied the latter approach. Application of the new standard to applicable contracts resulted in an increase of approximately $5 million to retained earnings as of January 1, 2018. Disclosures required by the new standard are included in Note 1, Note 4, and Note 13. Accounting Standards Update 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities This standard requires entities to recognize changes in the fair value of equity investments with readily determinable fair values in net income (except for investments accounted for under the equity method of accounting or those that result in consolidation of the investee). An entity should apply the new standard through a cumulative effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon adoption, we reclassified from accumulated other comprehensive loss the after-tax amount of net unrealized gains resulting in an increase to retained earnings of approximately $105 million. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory This standard requires entities to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time of transfer. This standard requires a modified Upon adoption, the cumulative effect of applying the standard resulted in an increase to deferred tax assets and retained earnings of approximately $2.5 billion. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Accounting Standards Update 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost This standard was issued to improve the transparency and comparability among organizations by requiring entities to separate their net periodic pension cost and net periodic postretirement benefit cost into a service cost component and other components. Previously, the costs of the other components along with the service cost component were classified based upon the function of the employee. This standard requires entities to classify the service cost component in the same financial statement line item or items as other compensation costs arising from services rendered by pertinent employees. The other components of net benefit cost are now presented separately from the line items that include the service cost component. When applicable, the service cost component is now the only component eligible for capitalization. An entity should apply the new standard retrospectively for the classification of the service cost and other components and prospectively for the capitalization of the service cost component. Upon adoption of this standard, pension and postretirement benefit cost components other than service costs are presented in other–net, (income) expense. The application of the new standard resulted in reclassification to other income of $64.3 million for the three months ended June 30, 2017, while increasing cost of sales by $20.1 million, marketing, selling, and administrative expenses by $23.0 million, and research and development expenses by $21.2 million for the same period. The application of the new standard resulted in reclassification to other income of $127.5 million for the six months ended June 30, 2017, while increasing cost of sales by $40.3 million, marketing, selling, and administrative expenses by $46.0 million, and research and development expenses by $41.2 million for the same period. We do not expect application of the new standard to have a material impact on an ongoing basis. The following table provides a brief description of the accounting standard that has not yet been adopted and could have a material effect on our financial statements: Standard Description Effective Date Effect on the financial statements or other significant matters Accounting Standards Update 2016-02, Leases This standard was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities, including leases classified as operating leases under current GAAP, on the balance sheet and requiring additional disclosures about leasing arrangements. This standard requires a modified retrospective approach to adoption. This standard is effective January 1, 2019, with early adoption permitted. We intend to adopt this standard on January 1, 2019. We are in the process of determining the impact on our consolidated financial statements. We have selected a software solution to be compatible with our enterprise software system. Development of our selected solution is ongoing, as it is not yet fully compliant with the requirements of the standard. The timely readiness of the lease software system is critical to ensure an efficient and effective adoption of the standard.

Acquisitions (Policies)

Acquisitions (Policies)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combinations Policy	Upon acquisition, the acquired in-process research and development (IPR&D) charges related to these products were immediately expensed because the products had no alternative future use. Under this method, the assets acquired and liabilities assumed were recorded at their respective fair values as of the acquisition date in our consolidated 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, where applicable, has been recorded as goodwill. The results of operations of this acquisition have been included in our consolidated condensed financial statements from the date of acquisition.

Financial Instruments (Policies

Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Description of Derivative Risk Management Policy	Our derivative activities are initiated within the guidelines of documented corporate risk-management policies and are intended to offset losses and gains on the assets, liabilities, and transactions being hedged. Management reviews the correlation and effectiveness of our derivatives on a quarterly basis. For derivative instruments 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 instruments that are designated and qualify as cash flow hedges, the effective portion of gains and losses is reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period the hedged transaction affects earnings. For derivative and non-derivative instruments that are designated and qualify as net investment hedges, the effective portion of foreign currency translation gains or losses due to spot rate fluctuations are reported as a component of accumulated other comprehensive loss. 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 or option contracts to reduce the effect of fluctuating currency exchange rates (principally the euro, 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 and option 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 and option contracts and currency swaps as fair value hedges of firm commitments. Forward contracts generally have maturities not exceeding 12 months.

Basis of Presentation and Rev25

Basis of Presentation and Revenue Basis of Presentation and Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of revenue recognized in our consolidated condensed statements of operations	The following table summarizes our revenue recognized in our consolidated condensed statements of operations: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net product revenue $ 5,899.6 $ 5,529.8 $ 11,241.1 $ 10,517.7 Collaboration and other revenue (1) 455.6 294.5 814.1 534.9 Revenue $ 6,355.2 $ 5,824.3 $ 12,055.2 $ 11,052.6 (1) Collaboration and other revenue associated with prior year transfers of intellectual property was $133.6 million and $182.1 million during the three and six months ended June 30, 2018 , respectively, and $35.0 million and $68.8 million during the three and six months ended June 30, 2017 , respectively.
Schedule of amounts recorded for contract liabilities	We have the following amounts recorded for contract liabilities: June 30, 2018 December 31, 2017 Contract liabilities $ 315.7 $ 335.2

Implementation of New Accountin

Implementation of New Accounting Pronouncements (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of accounting standards that were effective January 1, 2018 and were adopted on that date: Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2014-09 and various other related updates, Revenue from Contracts with Customers This standard replaced existing revenue recognition standards and requires entities to 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. An entity can apply the new revenue standard retrospectively to each prior reporting period presented or with the cumulative effect of initially applying the standard recognized at the date of initial application in retained earnings. We applied the latter approach. Application of the new standard to applicable contracts resulted in an increase of approximately $5 million to retained earnings as of January 1, 2018. Disclosures required by the new standard are included in Note 1, Note 4, and Note 13. Accounting Standards Update 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities This standard requires entities to recognize changes in the fair value of equity investments with readily determinable fair values in net income (except for investments accounted for under the equity method of accounting or those that result in consolidation of the investee). An entity should apply the new standard through a cumulative effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Upon adoption, we reclassified from accumulated other comprehensive loss the after-tax amount of net unrealized gains resulting in an increase to retained earnings of approximately $105 million. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Standard Description Effect on the financial statements or other significant matters Accounting Standards Update 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory This standard requires entities to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time of transfer. This standard requires a modified Upon adoption, the cumulative effect of applying the standard resulted in an increase to deferred tax assets and retained earnings of approximately $2.5 billion. Adoption of this standard did not result in a material change in net income for the three and six months ended June 30, 2018. Accounting Standards Update 2017-07, Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost This standard was issued to improve the transparency and comparability among organizations by requiring entities to separate their net periodic pension cost and net periodic postretirement benefit cost into a service cost component and other components. Previously, the costs of the other components along with the service cost component were classified based upon the function of the employee. This standard requires entities to classify the service cost component in the same financial statement line item or items as other compensation costs arising from services rendered by pertinent employees. The other components of net benefit cost are now presented separately from the line items that include the service cost component. When applicable, the service cost component is now the only component eligible for capitalization. An entity should apply the new standard retrospectively for the classification of the service cost and other components and prospectively for the capitalization of the service cost component. Upon adoption of this standard, pension and postretirement benefit cost components other than service costs are presented in other–net, (income) expense. The application of the new standard resulted in reclassification to other income of $64.3 million for the three months ended June 30, 2017, while increasing cost of sales by $20.1 million, marketing, selling, and administrative expenses by $23.0 million, and research and development expenses by $21.2 million for the same period. The application of the new standard resulted in reclassification to other income of $127.5 million for the six months ended June 30, 2017, while increasing cost of sales by $40.3 million, marketing, selling, and administrative expenses by $46.0 million, and research and development expenses by $41.2 million for the same period. We do not expect application of the new standard to have a material impact on an ongoing basis. The following table provides a brief description of the accounting standard that has not yet been adopted and could have a material effect on our financial statements: Standard Description Effective Date Effect on the financial statements or other significant matters Accounting Standards Update 2016-02, Leases This standard was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities, including leases classified as operating leases under current GAAP, on the balance sheet and requiring additional disclosures about leasing arrangements. This standard requires a modified retrospective approach to adoption. This standard is effective January 1, 2019, with early adoption permitted. We intend to adopt this standard on January 1, 2019. We are in the process of determining the impact on our consolidated financial statements. We have selected a software solution to be compatible with our enterprise software system. Development of our selected solution is ongoing, as it is not yet fully compliant with the requirements of the standard. The timely readiness of the lease software system is critical to ensure an efficient and effective adoption of the standard.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2018
Business Acquisition [Line Items]
Schedule of asset acquisition	The following table and narrative summarize our asset acquisitions during the six months ended June 30, 2018 and June 30, 2017 . Counterparty Compound(s) or Therapy Acquisition Month Phase of Development (1) Acquired IPR&D Expense Sigilon Therapeutics (Sigilon) Encapsulated cell therapies for the potential treatment of type 1 diabetes April 2018 Pre-clinical $ 66.9 AurKa Pharma, Inc. (AurKa) AK-01, an Aurora kinase A inhibitor June 2018 Phase I 81.8 ARMO Biosciences, Inc. (ARMO) Cancer therapy - pegilodecakin June 2018 Phase III 1,475.8 CoLucid Pharmaceuticals, Inc. (CoLucid) Oral therapy for the acute treatment of migraine - lasmiditan March 2017 Phase III 857.6 (1) The phase of development presented is as of the date of the arrangement and represents the phase of development of the most advanced asset acquired, where applicable.
Boehringer Ingelheim Vetmedica, Inc.'s U.S. Vaccine Portfolio
Business Acquisition [Line Items]
Schedule of the amounts recognized for assets acquired and liabilities assumed as of the acquisition date	The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date: Estimated Fair Value at January 3, 2017 Inventories $ 108.6 Marketed products (1) 297.0 Property and equipment 148.2 Other assets and liabilities - net 8.2 Total identifiable net assets 562.0 Goodwill (2) 320.1 Total consideration transferred - net of cash acquired $ 882.1 (1) These intangible assets, which are being amortized to cost of sales on a straight-line basis over their estimated useful lives, were expected to have a weighted average useful life of 10 years . (2) The goodwill recognized from this acquisition is attributable primarily to expected synergies from combining the operations of BIVIVP with our legacy animal health business, future unidentified projects and products, and the assembled workforce of BIVIVP. The goodwill associated with this acquisition is deductible for tax purposes.

Collaborations and Other Arra28

Collaborations and Other Arrangements (Tables)	6 Months Ended
	Jun. 30, 2018
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Schedule of exclusive marketing rights in certain other territories.	We and Daiichi Sankyo each have exclusive marketing rights in certain other territories. Territory Marketing Rights Selling Party U.S. Co-promotion Lilly Major European markets Co-promotion Daiichi Sankyo Japan Exclusive Daiichi Sankyo
Diabetes Collaboration
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Schedule of revenue recognized	The table below summarizes significant regulatory and commercialization events and milestones (deferred) capitalized for the compounds included in this collaboration: Year Launched Milestones (Deferred) Capitalized (1) Product Family U.S. Europe Japan Year Amount Trajenta (2) 2011 2011 2011 Cumulative (4) - all prior to 2017 $ 446.4 Jardiance (3) 2014 2014 2015 Cumulative (4) - all prior to 2017 299.5 Basaglar 2016 2015 2015 Cumulative (4) - all prior to 2017 (250.0 ) (1) In connection with the regulatory approvals of Basaglar in the U.S., Europe, and Japan, milestone payments received were recorded as contract liabilities and are being amortized through the term of the collaboration (2029) to collaboration and other revenue. In connection with the regulatory approvals of Trajenta and Jardiance, milestone payments made were capitalized as intangible assets and are being amortized to cost of sales. (2) Jentadueto is included in the Trajenta product family. (3) Glyxambi and Synjardy are included in the Jardiance product family. (4) The cumulative amount represents the total initial amounts that were (deferred) or capitalized from the start of this collaboration through the end of the reporting period.
Bi Compounds
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Schedule of revenue recognized	The following table summarizes our collaboration and other revenue recognized with respect to the Trajenta and Jardiance families of products and net product revenue recognized with respect to Basaglar: Three Months Ended Six Months Ended 2018 2017 2018 2017 Basaglar $ 201.8 $ 86.6 $ 367.8 $ 132.6 Jardiance 147.2 103.2 298.2 177.1 Trajenta 141.7 141.9 282.8 254.9
Erbitux
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Schedule of revenue recognized	The following table summarizes our revenue recognized with respect to Erbitux: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net product revenue $ 141.1 $ 134.4 $ 263.3 $ 265.7 Collaboration and other revenue 25.3 24.7 52.8 47.8 Revenue $ 166.4 $ 159.1 $ 316.1 $ 313.5
Effient
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Schedule of revenue recognized	The following table summarizes our revenue recognized with respect to Effient: Three Months Ended Six Months Ended 2018 2017 2018 2017 Revenue $ 27.9 $ 142.9 $ 59.5 $ 270.7

Asset Impairment, Restructuri29

Asset Impairment, Restructuring, and Other Special Charges (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
The components of the charges included in asset impairment, restructuring, and other special charges	The components of the charges included in asset impairment, restructuring, and other special charges in our consolidated condensed statements of operations are described below. Three Months Ended Six Months Ended 2018 2017 2018 2017 Severance: Human pharmaceutical products $ (24.6 ) $ (1.7 ) $ (24.7 ) $ 111.3 Animal health products (2.7 ) 0.7 4.8 56.3 Total severance (27.3 ) (1.0 ) (19.9 ) 167.6 Asset impairment and other special charges - Animal health products 101.7 51.0 172.6 96.3 Total asset impairment, restructuring, and other special charges $ 74.4 $ 50.0 $ 152.7 $ 263.9

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of effects of risk-management instruments were recognized in other–net, (income) expense	The following effects of risk-management instruments were recognized in other–net, (income) expense: Three Months Ended Six Months Ended 2018 2017 2018 2017 Fair value hedges: Effect from hedged fixed-rate debt $ (19.7 ) $ 15.0 $ (74.5 ) $ 7.5 Effect from interest rate contracts 19.7 (15.0 ) 74.5 (7.5 ) Cash flow hedges: Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss 3.7 3.7 7.3 7.4 Net losses on foreign currency exchange contracts not designated as hedging instruments 59.1 25.8 75.7 62.9
Schedule of effective portion of risk-management instruments that was recognized in other comprehensive income (loss)	The effective portion of risk-management instruments that was recognized in other comprehensive income (loss) is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net investment hedges: Foreign currency-denominated notes $ 208.5 $ (194.4 ) $ 100.8 $ (273.3 ) Cross-currency interest rate swaps 69.1 (51.5 ) 37.6 (57.6 ) Cash flow hedges: Forward-starting interest rate swaps — 13.0 — 13.0
Summary certain fair value information	The following tables summarize certain fair value information at June 30, 2018 and December 31, 2017 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 Carrying Amount Cost (1) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2018 Cash equivalents $ 5,188.2 $ 5,188.2 $ 5,188.2 $ — $ — $ 5,188.2 Short-term investments: U.S. government and agency securities $ 10.1 $ 10.1 $ 10.1 $ — $ — $ 10.1 Corporate debt securities 70.1 70.2 — 70.1 — 70.1 Asset-backed securities 7.8 7.8 — 7.8 — 7.8 Other securities 4.2 4.2 — 4.2 — 4.2 Short-term investments $ 92.2 Noncurrent investments: U.S. government and agency securities $ 161.9 $ 167.9 $ 161.9 $ — $ — $ 161.9 Corporate debt securities 659.5 672.4 — 659.5 — 659.5 Mortgage-backed securities 106.5 110.5 — 106.5 — 106.5 Asset-backed securities 31.8 32.2 — 31.8 — 31.8 Other securities 136.0 39.3 — — 136.0 136.0 Marketable equity securities 315.7 133.5 315.7 — — 315.7 Equity investments without readily determinable fair values (2) 392.8 Equity method investments (2) 255.4 Noncurrent investments $ 2,059.6 December 31, 2017 Cash equivalents $ 4,763.9 $ 4,763.9 $ 4,712.4 $ 51.5 $ — $ 4,763.9 Short-term investments: U.S. government and agency securities $ 217.8 $ 218.2 $ 217.8 $ — $ — $ 217.8 Corporate debt securities 1,182.3 1,183.2 — 1,182.3 — 1,182.3 Asset-backed securities 94.2 94.3 — 94.2 — 94.2 Other securities 3.6 3.6 — 3.6 — 3.6 Short-term investments $ 1,497.9 Noncurrent investments: U.S. government and agency securities $ 360.0 $ 365.0 $ 360.0 $ — $ — $ 360.0 Corporate debt securities 3,464.3 3,473.5 — 3,464.3 — 3,464.3 Mortgage-backed securities 202.4 204.2 — 202.4 — 202.4 Asset-backed securities 653.9 656.0 — 653.9 — 653.9 Other securities 132.1 66.4 — — 132.1 132.1 Marketable equity securities 281.3 131.0 281.3 — — 281.3 Cost and equity method investments (2) 584.8 Noncurrent investments $ 5,678.8 (1) For available-for-sale debt securities, amounts disclosed represent the securities' amortized cost. (2) Fair value disclosures are not applicable for equity method investments and investments accounted for under the measurement alternative for equity investments that do not have readily determinable fair values.
Summary certain fair value information, liabilities	Fair Value Measurements Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Short-term commercial paper borrowings June 30, 2018 $ (2,448.0 ) $ — $ (2,445.9 ) $ — $ (2,445.9 ) December 31, 2017 (2,696.8 ) — (2,690.6 ) — (2,690.6 ) Long-term debt, including current portion June 30, 2018 $ (9,771.6 ) $ — $ (10,063.5 ) $ — $ (10,063.5 ) December 31, 2017 (10,950.3 ) — (11,529.9 ) — (11,529.9 )
Fair value, by balance sheet grouping	Fair Value Measurements Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2018 Risk-management instruments: Interest rate contracts designated as fair value hedges: Other current liabilities $ (4.2 ) $ — $ (4.2 ) $ — $ (4.2 ) Other noncurrent liabilities (45.5 ) — (45.5 ) — (45.5 ) Cross-currency interest rate contracts designated as net investment hedges: Other receivables 21.2 — 21.2 — 21.2 Sundry 4.2 — 4.2 — 4.2 Other current liabilities (20.5 ) — (20.5 ) — (20.5 ) Foreign exchange contracts not designated as hedging instruments: Other receivables 11.8 — 11.8 — 11.8 Other current liabilities (9.6 ) — (9.6 ) — (9.6 ) Contingent consideration liabilities (1) : Other current liabilities (123.3 ) — — (123.3 ) (123.3 ) Other noncurrent liabilities (41.1 ) — — (41.1 ) (41.1 ) December 31, 2017 Risk-management instruments: Interest rate contracts designated as fair value hedges: Other receivables $ 0.8 $ — $ 0.8 $ — $ 0.8 Sundry 35.1 — 35.1 — 35.1 Other current liabilities (0.2 ) — (0.2 ) — (0.2 ) Other noncurrent liabilities (10.5 ) — (10.5 ) — (10.5 ) Cross-currency interest rate contracts designated as net investment hedges: Other current liabilities (33.4 ) — (33.4 ) — (33.4 ) Other noncurrent liabilities (26.0 ) — (26.0 ) — (26.0 ) Foreign exchange contracts not designated as hedging instruments: Other receivables 26.8 — 26.8 — 26.8 Other current liabilities (36.0 ) — (36.0 ) — (36.0 ) Contingent consideration liabilities (1) : Other current liabilities (208.0 ) — — (208.0 ) (208.0 ) Other noncurrent liabilities (45.2 ) — — (45.2 ) (45.2 ) (1) Contingent consideration liabilities primarily relate to the Erbitux arrangement with BMS discussed in Note 4.
Summary the contractual maturities of our investments in debt securities measured at fair value	The table below summarizes the contractual maturities of our investments in debt securities measured at fair value as of June 30, 2018 : Maturities by Period Total Less Than 1 Year 1-5 Years 6-10 Years More Than 10 Years Fair value of debt securities $ 1,047.7 $ 88.0 $ 656.8 $ 148.3 $ 154.6
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	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, 2018 December 31, 2017 Unrealized gross gains $ 1.8 $ 184.7 Unrealized gross losses 25.2 47.5 Fair value of securities in an unrealized gain position 148.0 1,434.2 Fair value of securities in an unrealized loss position 898.0 4,692.8
Summary of the amount of unrealized gains and losses (pretax) recognized in our statement of operations for equity securities	A summary of the unrealized gains and losses (pretax) recognized in our statements of operations for equity securities held as of June 30, 2018 is as follows: Three Months Ended June 30, Six Months Ended June 30, Unrealized gain (loss), net $ 20.8 $ 38.6
Activity related to our investment portfolio, substantially all of which related to equity and available-for-sale securities	Activity related to our investment portfolio, substantially all of which related to equity and available-for-sale securities, was as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Proceeds from sales $ 4,953.8 $ 959.0 $ 5,546.4 $ 2,051.5 Realized gross gains on sales 5.6 22.2 7.7 73.9 Realized gross losses on sales 47.4 1.1 49.0 2.4

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2018
Defined Benefit Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Line Items]
Schedule of Net Benefit Costs	Net pension and retiree health benefit (income) cost included the following components: Defined Benefit Pension Plans Three Months Ended Six Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost: Service cost $ 77.7 $ 86.7 $ 158.1 $ 165.6 Interest cost 112.0 103.2 224.6 205.6 Expected return on plan assets (211.2 ) (195.3 ) (423.7 ) (389.3 ) Amortization of prior service cost 1.3 1.5 2.5 2.9 Recognized actuarial loss 91.6 70.4 182.0 143.1 Net periodic benefit cost $ 71.4 $ 66.5 $ 143.5 $ 127.9
Retiree Health Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Line Items]
Schedule of Net Benefit Costs	Retiree Health Benefit Plans Three Months Ended Six Months Ended 2018 2017 2018 2017 Components of net periodic benefit income: Service cost $ 10.9 $ 12.0 $ 21.6 $ 23.2 Interest cost 13.5 13.4 27.4 26.4 Expected return on plan assets (43.9 ) (40.1 ) (87.8 ) (80.4 ) Amortization of prior service benefit (20.4 ) (22.5 ) (40.9 ) (45.0 ) Recognized actuarial loss 2.2 5.1 4.6 9.2 Net periodic benefit income $ (37.7 ) $ (32.1 ) $ (75.1 ) $ (66.6 )

Other Comprehensive Income (L32

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated 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, 2018 and 2017 : (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, 2018 $ (850.6 ) $ (51.0 ) $ (4,304.4 ) $ (231.5 ) $ (5,437.5 ) Other comprehensive income (loss) before reclassifications (820.9 ) 65.9 54.5 0.1 (700.4 ) Net amount reclassified from accumulated other comprehensive loss — (33.0 ) 59.3 2.9 29.2 Net other comprehensive income (loss) (820.9 ) 32.9 113.8 3.0 (671.2 ) Balance at June 30, 2018 $ (1,671.5 ) $ (18.1 ) $ (4,190.6 ) $ (228.5 ) $ (6,108.7 ) (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, 2017 $ (1,648.7 ) $ 179.4 $ (3,349.4 ) $ (208.4 ) $ (5,027.1 ) Other comprehensive income (loss) before reclassifications 299.3 (12.5 ) (37.7 ) 8.4 257.5 Net amount reclassified from accumulated other comprehensive loss — (13.7 ) 38.6 2.4 27.3 Net other comprehensive income (loss) 299.3 (26.2 ) 0.9 10.8 284.8 Balance at June 30, 2017 (1) $ (1,349.4 ) $ 153.2 $ (3,348.5 ) $ (197.6 ) $ (4,742.3 ) The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2018 and 2017 : (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, 2018 (2) $ (1,233.4 ) $ 113.5 $ (4,340.7 ) $ (234.3 ) $ (5,694.9 ) Reclassification due to adoption of new accounting standard (3) — (128.9 ) — — (128.9 ) Other comprehensive income (loss) before reclassifications (438.1 ) 29.9 32.4 — (375.8 ) Net amount reclassified from accumulated other comprehensive loss — (32.6 ) 117.7 5.8 90.9 Net other comprehensive income (loss) (438.1 ) (2.7 ) 150.1 5.8 (284.9 ) Balance at June 30, 2018 $ (1,671.5 ) $ (18.1 ) $ (4,190.6 ) $ (228.5 ) $ (6,108.7 ) (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 January 1, 2017 (2) $ (1,867.3 ) $ 224.0 $ (3,371.6 ) $ (210.9 ) $ (5,225.8 ) Other comprehensive income (loss) before reclassifications 517.9 (24.3 ) (54.6 ) 8.4 447.4 Net amount reclassified from accumulated other comprehensive loss — (46.5 ) 77.7 4.9 36.1 Net other comprehensive income (loss) 517.9 (70.8 ) 23.1 13.3 483.5 Balance at June 30, 2017 (1) $ (1,349.4 ) $ 153.2 $ (3,348.5 ) $ (197.6 ) $ (4,742.3 ) (1) Accumulated other comprehensive loss as of June 30, 2017 consists of $4,774.9 million of accumulated other comprehensive loss attributable to controlling interest and $32.6 million of accumulated other comprehensive income attributable to non-controlling interest. (2) Accumulated other comprehensive loss as of January 1, 2018 consists of $5,718.6 million of accumulated other comprehensive loss attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to non-controlling interest. Accumulated other comprehensive loss as of January 1, 2017 consists of $5,274.0 million of accumulated other comprehensive loss attributable to controlling interest and $48.2 million of accumulated other comprehensive income attributable to non-controlling interest. (3) This reclassification consists of $104.8 million of accumulated other comprehensive loss attributable to controlling interest and $24.1 million of accumulated other comprehensive loss attributable to non-controlling interest. Refer to Note 2 for further details regarding the reclassification due to the adoption of Accounting Standards Update 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. . The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows: Three Months Ended Six Months Ended Tax benefit (expense) 2018 2017 2018 2017 Foreign currency translation gains/losses $ (58.3 ) $ 86.1 $ (18.2 ) $ 115.8 Unrealized net gains/losses on securities (8.9 ) 11.5 1.3 29.6 Defined benefit pension and retiree health benefit plans (23.6 ) (6.1 ) (37.9 ) (14.6 ) Effective portion of cash flow hedges (0.7 ) (5.8 ) (1.5 ) (7.1 ) Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items $ (91.5 ) $ 85.7 $ (56.3 ) $ 123.7
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Reclassifications out of accumulated other comprehensive loss were as follows: Details about Accumulated Other Comprehensive Loss Components Three Months Ended Six Months Ended Affected Line Item in the Consolidated Condensed Statements of Operations 2018 2017 2018 2017 Amortization of retirement benefit items: Prior service benefits, net $ (19.1 ) $ (21.0 ) $ (38.4 ) $ (42.1 ) (1) Actuarial losses, net 93.8 75.5 186.6 152.3 (1) Total before tax 74.7 54.5 148.2 110.2 Tax benefit (15.4 ) (15.9 ) (30.5 ) (32.5 ) Income taxes Net of tax 59.3 38.6 117.7 77.7 Unrealized gains/losses on available-for-sale securities: Realized (gains), losses, net (41.8 ) (21.1 ) (41.3 ) (71.5 ) Other–net, (income) expense Tax (benefit) expense 8.8 7.4 8.7 25.0 Income taxes Net of tax (33.0 ) (13.7 ) (32.6 ) (46.5 ) Other, net of tax 2.9 2.4 5.8 4.9 Other–net, (income) expense Total reclassifications for the period (net of tax) $ 29.2 $ 27.3 $ 90.9 $ 36.1 (1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit (income) cost (see Note 9).

Other - Net, (Income) Expense

Other - Net, (Income) Expense (Tables)	6 Months Ended
	Jun. 30, 2018
Nonoperating Income (Expense) [Abstract]
Schedule of Other–net, (income) expense	Other–net, (income) expense consisted of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest expense $ 63.3 $ 53.6 $ 124.5 $ 100.2 Interest income (41.2 ) (36.9 ) (86.7 ) (69.5 ) Retirement benefit (54.9 ) (64.3 ) (111.3 ) (127.5 ) Other income (5.2 ) (12.8 ) (32.0 ) (41.9 ) Other–net, (income) expense $ (38.0 ) $ (60.4 ) $ (105.5 ) $ (138.7 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	Six Months Ended 2018 2017 U.S. (1) Outside U.S. Total U.S. (1) Outside U.S. Total Segment revenue—to unaffiliated customers: Human pharmaceutical products: Endocrinology: Humalog $ 968.7 $ 592.8 $ 1,561.5 $ 839.4 $ 547.3 $ 1,386.8 Trulicity 1,140.6 317.5 1,458.1 677.2 176.0 853.1 Forteo 346.6 401.1 747.8 427.4 366.7 794.2 Humulin 460.4 211.5 671.9 431.9 240.4 672.3 Basaglar 283.2 84.6 367.8 81.5 51.1 132.6 Jardiance 180.6 117.6 298.2 114.6 62.6 177.1 Trajenta 110.9 171.9 282.8 105.8 149.1 254.9 Other Endocrinology 125.4 140.2 265.6 191.2 152.1 343.3 Total Endocrinology 3,616.4 2,037.2 5,653.7 2,869.0 1,745.3 4,614.3 Oncology: Alimta 526.7 528.9 1,055.5 501.6 521.2 1,022.8 Cyramza 143.7 258.7 402.4 134.9 222.7 357.6 Erbitux 261.3 54.7 316.1 262.2 51.3 313.5 Other Oncology 185.3 107.4 292.7 84.8 64.2 149.0 Total Oncology 1,117.0 949.7 2,066.7 983.5 859.4 1,842.9 Cardiovascular: Cialis 659.1 375.0 1,034.1 677.7 483.2 1,160.9 Effient 29.2 30.3 59.5 248.0 22.7 270.7 Other Cardiovascular 103.8 64.5 168.3 15.7 62.4 78.0 Total Cardiovascular 792.1 469.8 1,261.9 941.4 568.3 1,509.6 Neuroscience: Cymbalta 24.8 326.7 351.5 81.2 300.0 381.2 Zyprexa 20.6 230.0 250.6 36.7 251.6 288.3 Strattera 63.9 181.0 244.9 223.9 158.9 382.8 Other Neuroscience 45.7 51.0 96.7 65.2 48.5 113.7 Total Neuroscience 155.0 788.7 943.7 407.0 759.0 1,166.0 Immunology: Taltz 284.7 81.8 366.5 212.3 23.1 235.4 Other Immunology 1.8 75.2 76.9 — 6.6 6.6 Total Immunology 286.5 157.0 443.4 212.3 29.7 242.0 Other pharmaceuticals 35.7 96.7 132.5 23.9 99.6 123.6 Total human pharmaceutical products 6,002.7 4,499.1 10,501.9 5,437.1 4,061.3 9,498.4 Animal health products 754.0 799.4 1,553.4 820.3 733.8 1,554.2 Revenue $ 6,756.7 $ 5,298.6 $ 12,055.2 $ 6,257.5 $ 4,795.1 $ 11,052.6 Numbers may not add due to rounding. (1) U.S. revenue includes revenue in Puerto Rico. Three Months Ended Six Months Ended 2018 2017 2018 2017 Segment profits: Human pharmaceutical products $ 1,720.2 $ 1,352.3 $ 3,237.0 $ 2,523.2 Animal health products 144.5 152.4 299.4 300.7 Total segment profits $ 1,864.6 $ 1,504.7 $ 3,536.3 $ 2,823.9 Reconciliation of total segment profits to consolidated income before taxes: Segment profits $ 1,864.6 $ 1,504.7 $ 3,536.3 $ 2,823.9 Other profits (losses): Acquired in-process research and development (Note 3) (1,624.5 ) — (1,624.5 ) (857.6 ) Amortization of intangible assets (152.9 ) (178.1 ) (305.3 ) (354.2 ) Asset impairment, restructuring, and other special charges (Note 5) (74.4 ) (50.0 ) (152.7 ) (263.9 ) Other, net (8.0 ) (16.1 ) (8.0 ) (26.5 ) Consolidated income before taxes $ 4.8 $ 1,260.5 $ 1,445.8 $ 1,321.7
Schedule of revenue from external customers and long-lived assets, by geographical areas	Three Months Ended Six Months Ended 2018 2017 2018 2017 Geographic Information Revenue—to unaffiliated customers (1) : United States $ 3,602.0 $ 3,323.9 $ 6,756.7 $ 6,257.5 Europe 1,090.7 963.6 2,125.9 1,860.6 Japan 664.3 627.5 1,220.1 1,150.3 Other foreign countries 998.2 909.3 1,952.5 1,784.2 Revenue $ 6,355.2 $ 5,824.3 $ 12,055.2 $ 11,052.6 Numbers may not add due to rounding. (1) Revenue is attributed to the countries based on the location of the customer.

Basis of Presentation and Rev35

Basis of Presentation and Revenue Basis of Presentation and Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenue	$ 6,355.2	$ 5,824.3	$ 12,055.2	$ 11,052.6
Payment term, minimum (in days)			30 days
Payment term, maximum (in days)			75 days
Contract liabilities	315.7		$ 315.7		$ 335.2
Product
Disaggregation of Revenue [Line Items]
Revenue	5,899.6	5,529.8	11,241.1	10,517.7
Collaboration and Other Revenue
Disaggregation of Revenue [Line Items]
Revenue	455.6	294.5	814.1	534.9
Royalty
Disaggregation of Revenue [Line Items]
Revenue	$ 133.6	$ 35	$ 182.1	$ 68.8

Implementation of New Financi36

Implementation of New Financial Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Concentration Risk [Line Items]
Accumulated other comprehensive loss	$ 6,108.7		$ 6,108.7			$ 5,718.6
Retained earnings	14,247.3		14,247.3			13,894.1
Revenue	6,355.2	$ 5,824.3	12,055.2	$ 11,052.6
Increase to deferred tax assets upon adoption	3,314.4		3,314.4			$ 1,166.4
Other, net	38	60.4	105.5	138.7
Cost of sales	1,702.7	1,571.7	3,274	2,919.6
Marketing, selling, and administrative	1,653.7	1,730.4	3,153.7	3,298.1
Research and development	$ 1,333.1	1,272.1	$ 2,510	2,530.4
Accounting Standards Update 2016-16
Concentration Risk [Line Items]
Retained earnings					$ 2,500
Increase to deferred tax assets upon adoption					2,500
Accounting Standards Update 2016-01
Concentration Risk [Line Items]
Accumulated other comprehensive loss					105
Retained earnings					105
Accounting Standards Update 2017-07
Concentration Risk [Line Items]
Other, net		64.3		127.5
Cost of sales		20.1		40.3
Marketing, selling, and administrative		23		46
Research and development		$ 21.2		$ 41.2
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Concentration Risk [Line Items]
Retained earnings					$ 5

Acquisitions (Purchased Price)

Acquisitions (Purchased Price) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Jan. 03, 2017
Business Acquisition [Line Items]
Goodwill	$ 4,333.1		$ 4,333.1		$ 4,370.1
Acquired in-process research and development	$ 1,624.5	$ 0	$ 1,624.5	$ 857.6
Boehringer Ingelheim Vetmedica, Inc.'s U.S. Vaccine Portfolio
Business Acquisition [Line Items]
Inventories						$ 108.6
Marketed products						297
Property and equipment						148.2
Other assets and liabilities - net						8.2
Total identifiable net assets						562
Goodwill						320.1
Total consideration transferred - net of cash acquired						$ 882.1

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended					3 Months Ended		6 Months Ended
	Jul. 25, 2018	Jun. 30, 2018	Apr. 30, 2018	Mar. 31, 2017	Jan. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Acquired in-process research and development						$ 1,624.5	$ 0	$ 1,624.5	$ 857.6
Purchase of in-process research and development								$ 1,548.2	831.8
Boehringer Ingelheim Vetmedica, Inc.'s U.S. Vaccine Portfolio
Business Acquisition [Line Items]
All cash transaction					$ 882.1
Useful life (years)					10 years
Sigilon Therapeutics
Business Acquisition [Line Items]
Acquired in-process research and development			$ 66.9
Purchase of in-process research and development			$ 62.5
Aurka Pharma
Business Acquisition [Line Items]
Acquired in-process research and development		$ 81.8
Purchase of in-process research and development		81.3
Value of liabilities assumed		0.5
ARMO Biosciences, Inc.
Business Acquisition [Line Items]
Acquired in-process research and development		1,475.8
Purchase of in-process research and development		1,400
Value of liabilities assumed		$ 75.8
CoLucid Pharmaceuticals
Business Acquisition [Line Items]
Acquired in-process research and development				$ 857.6					$ 857.6
Purchase of in-process research and development				831.8
Value of liabilities assumed				$ 25.8
Subsequent Event | Anima Biotech
Business Acquisition [Line Items]
Purchase of in-process research and development	$ 30

Collaborations and Other Arra39

Collaborations and Other Arrangements (Details) - USD ($) $ in Millions	3 Months Ended					6 Months Ended		12 Months Ended	24 Months Ended	36 Months Ended	72 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2016
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	$ 6,355.2			$ 5,824.3		$ 12,055.2	$ 11,052.6
Research and development	1,333.1			1,272.1		$ 2,510	2,530.4
Milestone Payments, Development and Regulatory, Capitalized, Cumulative | Basaglar
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized									$ (250)
Milestone Payments, Development and Regulatory, Capitalized, Cumulative | Trajenta
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized											$ 446.4
Milestone Payments, Development and Regulatory, Capitalized, Cumulative | Jardiance
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized										$ 299.5
Sales | Erbitux
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Collaborative arrangement, rights and obligations (percentage)						38.00%
Royalty Agreement Terms | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Collaborative arrangement, rights and obligations (percentage)						20.00%
Research and Development Exp | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Collaborative arrangement, rights and obligations (percentage)						30.00%
Milestone Payments, Development and Regulatory, Expensed | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Research and development		$ 30						$ 55
Milestone Payments, Development and Regulatory | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized						$ 150
Milestone Payments, Development and Regulatory | Tanezumab
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized						350
Milestone Payments, Sales-based | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized						150
Milestone Payments, Sales-based | Tanezumab
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized						$ 1,230
Profit and Development and Marketing Share | Effient
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Collaborative arrangement, rights and obligations (percentage)						50.00%
Human pharmaceutical products
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	5,563.2			5,039.4		$ 10,501.9	9,498.4
Human pharmaceutical products | Product
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	141.1			134.4		263.3	265.7
Human pharmaceutical products | Collaboration and Other Revenue
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	25.3			24.7		52.8	47.8
Human pharmaceutical products | Basaglar
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	201.8			86.6		367.8	132.6
Human pharmaceutical products | Erbitux
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	166.4			159.1		316.1	313.5
Human pharmaceutical products | Effient
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	27.9			142.9		59.5	270.7
Human pharmaceutical products | Trajenta
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	141.7			141.9		282.8	254.9
Human pharmaceutical products | Jardiance
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	147.2			103.2		298.2	177.1
Europe
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	1,090.7			963.6		2,125.9	1,860.6
Europe | Milestone Payments, Development and Regulatory, Capitalized | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized					$ 65
Japan
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	664.3			627.5		1,220.1	1,150.3
Japan | Milestone Payments, Development and Regulatory, Capitalized | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized			$ 15
U.S.
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	3,602			3,323.9		6,756.7	6,257.5
U.S. | Milestone Payments, Development and Regulatory, Capitalized | Olumiant
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Milestones (deferred) capitalized	100
U.S. | Human pharmaceutical products
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	3,223.7			2,917.4		6,002.7	5,437.1
U.S. | Human pharmaceutical products | Basaglar
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	156.5			59.5		283.2	81.5
U.S. | Human pharmaceutical products | Erbitux
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	140			133		261.3	262.2
U.S. | Human pharmaceutical products | Effient
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	13.3			131		29.2	248
U.S. | Human pharmaceutical products | Trajenta
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	56.8			60.4		110.9	105.8
U.S. | Human pharmaceutical products | Jardiance
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Revenue	$ 85.6			$ 66.8		$ 180.6	$ 114.6

Asset Impairment, Restructuri40

Asset Impairment, Restructuring, and Other Special Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Severance	$ (27.3)	$ (1)	$ (19.9)	$ 167.6
Asset impairment and other special charges	74.4	50	152.7	263.9
Human pharmaceutical products
Restructuring Cost and Reserve [Line Items]
Severance	(24.6)	(1.7)	(24.7)	111.3
Animal health products
Restructuring Cost and Reserve [Line Items]
Severance	(2.7)	0.7	4.8	56.3
Asset impairment and other special charges - Animal health products	$ 101.7	$ 51	$ 172.6	$ 96.3

Financial Instruments (Effect o

Financial Instruments (Effect of Risk-Management Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Designated as Hedging Instrument | Effect from hedged fixed-rate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Effect from hedged fixed-rate debt	$ (19.7)	$ 15	$ (74.5)	$ 7.5
Designated as Hedging Instrument | Effect from interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Effect from interest rate contracts	19.7	(15)	74.5	(7.5)
Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss	3.7	3.7	7.3	7.4
Not Designated as Hedging Instrument | Foreign currency exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net losses on foreign currency exchange contracts not designated as hedging instruments	59.1	25.8	75.7	62.9
Net investment hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Effective portion of risk-management instruments that was recognized in other comprehensive income (loss)	208.5	(194.4)	100.8	(273.3)
Net investment hedges | Cross-currency interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Effective portion of risk-management instruments that was recognized in other comprehensive income (loss)	69.1	(51.5)	37.6	(57.6)
Cash Flow Hedging | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Effective portion of risk-management instruments that was recognized in other comprehensive income (loss)	$ 0	$ 13	$ 0	$ 13

Financial Instruments (Fair Val

Financial Instruments (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities without readily determinable fair value, amount	$ 392.8
Noncurrent investments	2,059.6	$ 5,678.8
Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5,188.2	4,763.9
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5,188.2	4,763.9
Short-term investments, debt securities	92.2	1,497.9
Noncurrent investments	2,059.6	5,678.8
Short-term commercial paper borrowings	(2,448)	(2,696.8)
Long-term debt, including current portion	(9,771.6)	(10,950.3)
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5,188.2	4,763.9
Short-term commercial paper borrowings	(2,445.9)	(2,690.6)
Long-term debt, including current portion	(10,063.5)	(11,529.9)
Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5,188.2	4,712.4
Short-term commercial paper borrowings	0	0
Long-term debt, including current portion	0	0
Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	51.5
Short-term commercial paper borrowings	(2,445.9)	(2,690.6)
Long-term debt, including current portion	(10,063.5)	(11,529.9)
Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Short-term commercial paper borrowings	0	0
Long-term debt, including current portion	0	0
U.S. government and agency securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	10.1	218.2
Noncurrent investments, debt securities	167.9	365
U.S. government and agency securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	10.1	217.8
Noncurrent investments, debt securities	161.9	360
U.S. government and agency securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	10.1	217.8
Noncurrent investments, debt securities	161.9	360
U.S. government and agency securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	10.1	217.8
Noncurrent investments, debt securities	161.9	360
U.S. government and agency securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
U.S. government and agency securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
Corporate debt securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	70.2	1,183.2
Noncurrent investments, debt securities	672.4	3,473.5
Corporate debt securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	70.1	1,182.3
Noncurrent investments, debt securities	659.5	3,464.3
Corporate debt securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	70.1	1,182.3
Noncurrent investments, debt securities	659.5	3,464.3
Corporate debt securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
Corporate debt securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	70.1	1,182.3
Noncurrent investments, debt securities	659.5	3,464.3
Corporate debt securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
Mortgage-backed securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	110.5	204.2
Mortgage-backed securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	106.5	202.4
Mortgage-backed securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	106.5	202.4
Mortgage-backed securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	0	0
Mortgage-backed securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	106.5	202.4
Mortgage-backed securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Noncurrent investments, debt securities	0	0
Asset-backed securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	7.8	94.3
Noncurrent investments, debt securities	32.2	656
Asset-backed securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	7.8	94.2
Noncurrent investments, debt securities	31.8	653.9
Asset-backed securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	7.8	94.2
Noncurrent investments, debt securities	31.8	653.9
Asset-backed securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
Asset-backed securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	7.8	94.2
Noncurrent investments, debt securities	31.8	653.9
Asset-backed securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Noncurrent investments, debt securities	0	0
Other securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	39.3
Cost and equity method investments		66.4
Other securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	136
Cost and equity method investments		132.1
Other securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	136
Cost and equity method investments		132.1
Other securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Cost and equity method investments		0
Other securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Cost and equity method investments		0
Other securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	136
Cost and equity method investments		132.1
Marketable equity securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	133.5
Marketable equity securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	315.7
Marketable equity securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	315.7
Marketable equity securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	315.7
Marketable equity securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Marketable equity securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Marketable equity securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		131
Marketable equity securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		281.3
Marketable equity securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		281.3
Marketable equity securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		281.3
Marketable equity securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		0
Marketable equity securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities		0
Other securities | Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	4.2	3.6
Other securities | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	4.2	3.6
Other securities | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	4.2	3.6
Other securities | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Other securities | Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	4.2	3.6
Other securities | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, debt securities	0	0
Cost and equity method investments | Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost and equity method investments	$ 255.4	$ 584.8

Financial Instruments (Risk Man

Financial Instruments (Risk Management Instruments) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Effect from interest rate contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities		$ (0.2)
Effect from interest rate contracts | Designated as Hedging Instrument | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities		0
Effect from interest rate contracts | Designated as Hedging Instrument | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities		(0.2)
Effect from interest rate contracts | Designated as Hedging Instrument | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities		0
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities	$ (123.3)	(208)
Other noncurrent liabilities	(41.1)	(45.2)
Carrying Amount | Effect from interest rate contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables		0.8
Sundry		35.1
Other current liabilities	(4.2)
Other noncurrent liabilities	(45.5)	(10.5)
Carrying Amount | Cross-currency interest rate swaps | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	21.2
Sundry	4.2
Other current liabilities	(20.5)	(33.4)
Other noncurrent liabilities		(26)
Carrying Amount | Foreign currency exchange contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	11.8	26.8
Other current liabilities	(9.6)	(36)
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities	(123.3)	(208)
Other noncurrent liabilities	(41.1)	(45.2)
Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities	0	0
Other noncurrent liabilities	0	0
Estimate of Fair Value Measurement | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities	0	0
Other noncurrent liabilities	0	0
Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other current liabilities	(123.3)	(208)
Other noncurrent liabilities	(41.1)	(45.2)
Estimate of Fair Value Measurement | Effect from interest rate contracts | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables		0.8
Sundry		35.1
Other current liabilities	(4.2)	(0.2)
Other noncurrent liabilities	(45.5)	(10.5)
Estimate of Fair Value Measurement | Effect from interest rate contracts | Designated as Hedging Instrument | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables		0
Sundry		0
Other current liabilities	0
Other noncurrent liabilities	0	0
Estimate of Fair Value Measurement | Effect from interest rate contracts | Designated as Hedging Instrument | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables		0.8
Sundry		35.1
Other current liabilities	(4.2)
Other noncurrent liabilities	(45.5)	(10.5)
Estimate of Fair Value Measurement | Effect from interest rate contracts | Designated as Hedging Instrument | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables		0
Sundry		0
Other current liabilities	0
Other noncurrent liabilities	0	0
Estimate of Fair Value Measurement | Cross-currency interest rate swaps | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	21.2
Sundry	4.2
Other current liabilities	(20.5)	(33.4)
Other noncurrent liabilities		(26)
Estimate of Fair Value Measurement | Cross-currency interest rate swaps | Designated as Hedging Instrument | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	0
Sundry	0
Other current liabilities	0	0
Other noncurrent liabilities		0
Estimate of Fair Value Measurement | Cross-currency interest rate swaps | Designated as Hedging Instrument | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	21.2
Sundry	4.2
Other current liabilities	(20.5)	(33.4)
Other noncurrent liabilities		(26)
Estimate of Fair Value Measurement | Cross-currency interest rate swaps | Designated as Hedging Instrument | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	0
Sundry	0
Other current liabilities	0	0
Other noncurrent liabilities		0
Estimate of Fair Value Measurement | Foreign currency exchange contracts | Not Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	11.8	26.8
Other current liabilities	(9.6)	(36)
Estimate of Fair Value Measurement | Foreign currency exchange contracts | Not Designated as Hedging Instrument | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	0	0
Other current liabilities	0	0
Estimate of Fair Value Measurement | Foreign currency exchange contracts | Not Designated as Hedging Instrument | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	11.8	26.8
Other current liabilities	(9.6)	(36)
Estimate of Fair Value Measurement | Foreign currency exchange contracts | Not Designated as Hedging Instrument | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other receivables	0	0
Other current liabilities	$ 0	$ 0

Financial Instruments (Contract

Financial Instruments (Contractual Maturities) (Details) $ in Millions	Jun. 30, 2018USD ($)
Debt Securities Contractual Maturities
Total	$ 1,047.7
Less Than 1 Year	88
1-5 Years	656.8
6-10 Years	148.3
More Than 10 Years	$ 154.6

Financial Instruments (Unrealiz

Financial Instruments (Unrealized gain and losses) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Unrealized gross gains	$ 1.8	$ 184.7
Unrealized gross losses	25.2	47.5
Fair value of securities in an unrealized gain position	148	1,434.2
Fair value of securities in an unrealized loss position	$ 898	$ 4,692.8

Financial Instruments (Realized

Financial Instruments (Realized gain and losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Proceeds from sales		$ 959		$ 2,051.5
Realized gross gains on sales		22.2		73.9
Realized gross losses on sales		$ 1.1		$ 2.4
Adoption of ASU [Abstract]
Proceeds from sales	$ 4,953.8		$ 5,546.4
Realized gross gains on sales	5.6		7.7
Realized gross losses on sales	$ 47.4		$ 49

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) € in Millions, ¥ in Millions, £ in Millions, SFr in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018EUR (€)	Jun. 30, 2018CHF (SFr)	Jun. 30, 2018GBP (£)	Jun. 30, 2018USD ($)	Jun. 30, 2018JPY (¥)	Dec. 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maximum remaining maturity of foreign currency derivatives			30 days
Description of derivative activity volume (percentage)					25.00%	25.00%	25.00%	25.00%	25.00%
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months								$ 14.9
Cash payment			$ 101.8
OTTI recognized	$ 0	$ 0	$ 0	$ 0
Available-for-sale, percentage of nonperforming assets (percentage)			60.00%
Amount of receivable derecognized								673.9		$ 723.2
Buy Us Dollar Sell Euro
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, notional amount								1,770
Derivative asset, notional amount | €					€ 1,530
Buy Euro Sell Us Dollar
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, notional amount | €					€ 1,080
Derivative asset, notional amount								1,260
Buy US dollar Sell Japanese Yen
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, notional amount								396.4
Derivative asset, notional amount | ¥									¥ 43,670
Buy GBP Sell USD
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, notional amount | SFr						SFr 159.5
Derivative asset, notional amount								160.6
Buy US dollar Sell British pound
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, notional amount								305.2
Derivative asset, notional amount | £							£ 230.9
Foreign Currency Denominated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion								$ 3,400		$ 3,700
Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss), net	$ 20.8		$ 38.6

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Oct. 31, 2013
Equity, Class of Treasury Stock [Line Items]
Purchases of common stock		$ 2,050,700,000	$ 199,900,000
2013 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Shares repurchased		$ 2,050,000,000	$ 259,900,000
Shares repurchased (in shares)		25,800,000
Stock repurchase program, authorized amount (in shares)				$ 5,000,000,000
Purchases of common stock	$ 60,000,000
2018 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)		0
Stock repurchase program, authorized amount (in shares)		$ 8,000,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Income taxes		$ 264.7	$ 252.5	$ 488.3	$ 424.5
Income before income taxes		4.8	1,260.5	1,445.8	1,321.7
Acquired in-process research and development		1,624.5	$ 0	$ 1,624.5	$ 857.6
Effective income tax rate, percentage				33.80%	32.10%
ARMO and AurKa
Operating Loss Carryforwards [Line Items]
Acquired in-process research and development		$ 1,560
CoLucid Pharmaceuticals
Operating Loss Carryforwards [Line Items]
Acquired in-process research and development	$ 857.6				$ 857.6
Tax Year 2013
Operating Loss Carryforwards [Line Items]
Tax year under examination						2,013
Tax Year 2014
Operating Loss Carryforwards [Line Items]
Tax year under examination						2,014
Tax Year 2015
Operating Loss Carryforwards [Line Items]
Tax year under examination						2,015

Retirement Benefits (Narrative)

Retirement Benefits (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Pension contributions	$ 25
Estimated future employer contributions in current fiscal year	$ 30

Retirement Benefits (Components

Retirement Benefits (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 77.7	$ 86.7	$ 158.1	$ 165.6
Interest cost	112	103.2	224.6	205.6
Expected return on plan assets	(211.2)	(195.3)	(423.7)	(389.3)
Amortization of prior service cost	1.3	1.5	2.5	2.9
Recognized actuarial loss	91.6	70.4	182	143.1
Net periodic benefit cost	71.4	66.5	143.5	127.9
Retiree Health Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	10.9	12	21.6	23.2
Interest cost	13.5	13.4	27.4	26.4
Expected return on plan assets	(43.9)	(40.1)	(87.8)	(80.4)
Amortization of prior service cost	(20.4)	(22.5)	(40.9)	(45)
Recognized actuarial loss	2.2	5.1	4.6	9.2
Net periodic benefit cost	$ (37.7)	$ (32.1)	$ (75.1)	$ (66.6)

Contingencies (Details)

Contingencies (Details) R$ in Millions, $ in Millions	1 Months Ended		6 Months Ended
	Jun. 30, 2018casecompanypatentdemandapplication	Aug. 31, 2015plaintiff	Jun. 30, 2018BRL (R$)individualcompanypatentlawsuitplaintiffdemanddefendantapplication	Jun. 30, 2018USD ($)individualcompanypatentlawsuitplaintiffdemanddefendantapplication	Feb. 28, 2017companydemand
U.S. | Alimta
Loss Contingency [Line Items]
Number of new application | application	10		10	10
Number of defendants | defendant			2	2
Number of companies | company	5		5	5
Dr Reddy's Lab
Loss Contingency [Line Items]
Number of cases ruled in favor | case	2
Japanese Administrative Proceedings
Loss Contingency [Line Items]
Number of companies | company					3
Number of demands | demand	3		3	3
Number of patents | patent	2		2	2
Number of demands resumed | demand					1
Number of demands remaining | demand					2
Product Liability Litigation | Cymbalta
Loss Contingency [Line Items]
Number of lawsuits | lawsuit			140	140
Number of plaintiffs | plaintiff		4	1,470	1,470
Product Liability Litigation | California | Cymbalta
Loss Contingency [Line Items]
Number of lawsuits | individual			40	40
Employee Litigation | Brazil
Loss Contingency [Line Items]
Number of lawsuits | lawsuit			30	30
Damages awarded, value			R$ 1000	$ 260
Number of Individuals | individual			105	105
Employee Litigation Ruling in April 2018 | Brazil
Loss Contingency [Line Items]
Damages awarded, value			R$ 500	$ 130
Agri Stats, Inc.
Loss Contingency [Line Items]
Number of lawsuits | lawsuit			15	15
Plaintiff Appealing Decision of Court | Employee Litigation | Brazil
Loss Contingency [Line Items]
Number of Individuals | individual			305	305

Other Comprehensive Income (L53

Other Comprehensive Income (Loss) (AOCI) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				$ 11,667.9
Other comprehensive income (loss) before reclassifications		$ (700.4)	$ 257.5	(375.8)	$ 447.4
Net amount reclassified from accumulated other comprehensive loss		29.2	27.3	90.9	36.1
Net other comprehensive income (loss)	[1]	(671.2)	284.8	(284.9)	483.5
Ending balance		11,620.8		11,620.8
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(5,437.5)	(5,027.1)	(5,694.9)	(5,225.8)
Reclassification due to adoption of new accounting standard						$ (128.9)
Ending balance		(6,108.7)	(4,742.3)	(6,108.7)	(4,742.3)
Foreign Currency Translation Gains (Losses)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(850.6)	(1,648.7)	(1,233.4)	(1,867.3)
Reclassification due to adoption of new accounting standard						0
Other comprehensive income (loss) before reclassifications		(820.9)	299.3	(438.1)	517.9
Net amount reclassified from accumulated other comprehensive loss		0	0	0	0
Net other comprehensive income (loss)		(820.9)	299.3	(438.1)	517.9
Ending balance		(1,671.5)	(1,349.4)	(1,671.5)	(1,349.4)
Unrealized gains/losses on available-for-sale securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(51)	179.4	113.5	224
Reclassification due to adoption of new accounting standard						(128.9)
Other comprehensive income (loss) before reclassifications		65.9	(12.5)	29.9	(24.3)
Net amount reclassified from accumulated other comprehensive loss		(33)	(13.7)	(32.6)	(46.5)
Net other comprehensive income (loss)		32.9	(26.2)	(2.7)	(70.8)
Ending balance		(18.1)	153.2	(18.1)	153.2
Defined Benefit Pension and Retiree Health Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(4,304.4)	(3,349.4)	(4,340.7)	(3,371.6)
Reclassification due to adoption of new accounting standard						0
Other comprehensive income (loss) before reclassifications		54.5	(37.7)	32.4	(54.6)
Net amount reclassified from accumulated other comprehensive loss		59.3	38.6	117.7	77.7
Net other comprehensive income (loss)		113.8	0.9	150.1	23.1
Ending balance		(4,190.6)	(3,348.5)	(4,190.6)	(3,348.5)
Effective Portion of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(231.5)	(208.4)	(234.3)	(210.9)
Reclassification due to adoption of new accounting standard						0
Other comprehensive income (loss) before reclassifications		0.1	8.4	0	8.4
Net amount reclassified from accumulated other comprehensive loss		2.9	2.4	5.8	4.9
Net other comprehensive income (loss)		3	10.8	5.8	13.3
Ending balance		$ (228.5)	(197.6)	(228.5)	(197.6)
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				(5,718.6)	(5,274)
Reclassification due to adoption of new accounting standard						(104.8)
Ending balance			(4,774.9)		(4,774.9)
AOCI Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				$ 23.7	48.2
Reclassification due to adoption of new accounting standard						$ (24.1)
Ending balance			$ 32.6		$ 32.6
[1]	Other comprehensive income (loss) for the three and six months ended June 30, 2018 was all attributable to controlling interest. Other comprehensive income for the three and six months ended June 30, 2017 consisted of $289.4 million and $499.1 million of other comprehensive income attributable to controlling interest and $4.6 million and $15.6 million of other comprehensive loss attributable to non-controlling interest.

Other Comprehensive Income (L54

Other Comprehensive Income (Loss) (Tax effect) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items	$ (91.5)	$ 85.7	$ (56.3)	$ 123.7
Foreign Currency Translation Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items	(58.3)	86.1	(18.2)	115.8
Unrealized gains/losses on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items	(8.9)	11.5	1.3	29.6
Defined Benefit Pension and Retiree Health Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items	(23.6)	(6.1)	(37.9)	(14.6)
Effective Portion of Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items	$ (0.7)	$ (5.8)	$ (1.5)	$ (7.1)

Other Comprehensive Income (L55

Other Comprehensive Income (Loss) (Reclassification) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period (net of tax)	$ 29.2	$ 27.3	$ 90.9	$ 36.1
Other, net	38	60.4	105.5	138.7
Tax (benefit) expense	(264.7)	(252.5)	(488.3)	(424.5)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period (net of tax)	(29.2)	(27.3)	(90.9)	(36.1)
Prior service benefits, net | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of retirement benefit items:	(19.1)	(21)	(38.4)	(42.1)
Amortization of retirement benefit items | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of retirement benefit items:	93.8	75.5	186.6	152.3
Defined Benefit Pension and Retiree Health Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of retirement benefit items:	74.7	54.5	148.2	110.2
Tax benefit	(15.4)	(15.9)	(30.5)	(32.5)
Total reclassifications for the period (net of tax)	59.3	38.6	117.7	77.7
Unrealized gains/losses on available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period (net of tax)	(33)	(13.7)	(32.6)	(46.5)
Unrealized gains/losses on available-for-sale securities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other, net	(41.8)	(21.1)	(41.3)	(71.5)
Tax (benefit) expense	8.8	7.4	8.7	25
Net of tax	(33)	(13.7)	(32.6)	(46.5)
Other, net of tax | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other, net	$ 2.9	$ 2.4	$ 5.8	$ 4.9

Other - Net, (Income) Expense56

Other - Net, (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Nonoperating Income (Expense) [Abstract]
Interest expense	$ 63.3	$ 53.6	$ 124.5	$ 100.2
Interest income	(41.2)	(36.9)	(86.7)	(69.5)
Retirement benefit	(54.9)	(64.3)	(111.3)	(127.5)
Other income	(5.2)	(12.8)	(32)	(41.9)
Other–net, (income) expense	$ (38)	$ (60.4)	$ (105.5)	$ (138.7)

Segment Information (Revenue by

Segment Information (Revenue by Product) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Revenues	$ 6,355.2	$ 5,824.3	$ 12,055.2	$ 11,052.6
Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	5,563.2	5,039.4	10,501.9	9,498.4
Animal health products
Segment Reporting Information [Line Items]
Revenues	792.1	784.8	1,553.4	1,554.2
Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	2,954.9	2,491.3	5,653.7	4,614.3
Trulicity | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	779.8	480.2	1,458.1	853.1
Humalog | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	769.8	678.4	1,561.5	1,386.8
Forteo | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	434.5	446.7	747.8	794.2
Humulin® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	346	357.8	671.9	672.3
Basaglar | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	201.8	86.6	367.8	132.6
Jardiance | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	147.2	103.2	298.2	177.1
Trajenta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	141.7	141.9	282.8	254.9
Other Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	134.1	196.5	265.6	343.3
Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	1,110.1	955.9	2,066.7	1,842.9
Alimta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	555.9	532.9	1,055.5	1,022.8
Cyramza | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	218.8	186.3	402.4	357.6
Erbitux | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	166.4	159.1	316.1	313.5
Other Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	169	77.6	292.7	149
Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	693	812.4	1,261.9	1,509.6
Cialis | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	538.7	627.3	1,034.1	1,160.9
Effient | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	27.9	142.9	59.5	270.7
Other Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	126.4	42.2	168.3	78
Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	471	586.7	943.7	1,166
Cymbalta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	181.9	206.6	351.5	381.2
Zyprexa | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	128	140.8	250.6	288.3
Strattera® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	114.2	186.6	244.9	382.8
Other Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	46.9	52.7	96.7	113.7
Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	264.7	143.5	443.4	242
Taltz | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	220.1	138.7	366.5	235.4
Other Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	44.6	4.8	76.9	6.6
Other pharmaceuticals | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	69.5	49.6	132.5	123.6
U.S.
Segment Reporting Information [Line Items]
Revenues	3,602	3,323.9	6,756.7	6,257.5
U.S. | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	3,223.7	2,917.4	6,002.7	5,437.1
U.S. | Animal health products
Segment Reporting Information [Line Items]
Revenues	378.2	406.5	754	820.3
U.S. | Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	1,900.5	1,552.1	3,616.4	2,869
U.S. | Trulicity | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	612.4	380.9	1,140.6	677.2
U.S. | Humalog | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	464.5	390.4	968.7	839.4
U.S. | Forteo | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	224.5	249.8	346.6	427.4
U.S. | Humulin® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	238.8	226.5	460.4	431.9
U.S. | Basaglar | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	156.5	59.5	283.2	81.5
U.S. | Jardiance | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	85.6	66.8	180.6	114.6
U.S. | Trajenta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	56.8	60.4	110.9	105.8
U.S. | Other Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	61.4	117.8	125.4	191.2
U.S. | Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	606.7	519.7	1,117	983.5
U.S. | Alimta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	281.3	274.3	526.7	501.6
U.S. | Cyramza | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	75.4	68.7	143.7	134.9
U.S. | Erbitux | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	140	133	261.3	262.2
U.S. | Other Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	110	43.7	185.3	84.8
U.S. | Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	455.1	518.7	792.1	941.4
U.S. | Cialis | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	345.7	381	659.1	677.7
U.S. | Effient | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	13.3	131	29.2	248
U.S. | Other Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	96.1	6.7	103.8	15.7
U.S. | Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	63.8	192.2	155	407
U.S. | Cymbalta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	12.6	47.1	24.8	81.2
U.S. | Zyprexa | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	11.8	13	20.6	36.7
U.S. | Strattera® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	16.9	101.5	63.9	223.9
U.S. | Other Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	22.5	30.6	45.7	65.2
U.S. | Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	175.3	124.4	286.5	212.3
U.S. | Taltz | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	173.6	124.4	284.7	212.3
U.S. | Other Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	1.7	0	1.8	0
U.S. | Other pharmaceuticals | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	22.3	10.3	35.7	23.9
Outside U.S.
Segment Reporting Information [Line Items]
Revenues	2,753.3	2,500.3	5,298.6	4,795.1
Outside U.S. | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	2,339.4	2,122	4,499.1	4,061.3
Outside U.S. | Animal health products
Segment Reporting Information [Line Items]
Revenues	413.8	378.3	799.4	733.8
Outside U.S. | Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	1,054.4	939.2	2,037.2	1,745.3
Outside U.S. | Trulicity | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	167.4	99.3	317.5	176
Outside U.S. | Humalog | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	305.2	288	592.8	547.3
Outside U.S. | Forteo | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	210	196.9	401.1	366.7
Outside U.S. | Humulin® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	107.2	131.3	211.5	240.4
Outside U.S. | Basaglar | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	45.3	27.1	84.6	51.1
Outside U.S. | Jardiance | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	61.6	36.3	117.6	62.6
Outside U.S. | Trajenta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	84.9	81.5	171.9	149.1
Outside U.S. | Other Endocrinology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	72.8	78.8	140.2	152.1
Outside U.S. | Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	503.4	436.1	949.7	859.4
Outside U.S. | Alimta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	274.6	258.6	528.9	521.2
Outside U.S. | Cyramza | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	143.3	117.6	258.7	222.7
Outside U.S. | Erbitux | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	26.4	26.1	54.7	51.3
Outside U.S. | Other Oncology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	59.1	33.8	107.4	64.2
Outside U.S. | Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	237.9	293.8	469.8	568.3
Outside U.S. | Cialis | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	193	246.3	375	483.2
Outside U.S. | Effient | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	14.6	11.9	30.3	22.7
Outside U.S. | Other Cardiovascular | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	30.3	35.6	64.5	62.4
Outside U.S. | Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	407.2	394.5	788.7	759
Outside U.S. | Cymbalta | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	169.4	159.6	326.7	300
Outside U.S. | Zyprexa | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	116.2	127.8	230	251.6
Outside U.S. | Strattera® | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	97.3	85.1	181	158.9
Outside U.S. | Other Neuroscience | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	24.3	22	51	48.5
Outside U.S. | Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	89.4	19.1	157	29.7
Outside U.S. | Taltz | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	46.5	14.3	81.8	23.1
Outside U.S. | Other Immunology | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	42.9	4.8	75.2	6.6
Outside U.S. | Other pharmaceuticals | Human pharmaceutical products
Segment Reporting Information [Line Items]
Revenues	47.1	39.3	96.7	99.6
Europe
Segment Reporting Information [Line Items]
Revenues	1,090.7	963.6	2,125.9	1,860.6
Japan
Segment Reporting Information [Line Items]
Revenues	664.3	627.5	1,220.1	1,150.3
Other foreign countries
Segment Reporting Information [Line Items]
Revenues	$ 998.2	$ 909.3	$ 1,952.5	$ 1,784.2

Segment Information (Segment pr

Segment Information (Segment profit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Consolidated income before taxes	$ 4.8	$ 1,260.5	$ 1,445.8	$ 1,321.7
Acquired in-process research and development (Note 3)	(1,624.5)	0	(1,624.5)	(857.6)
Asset impairment, restructuring, and other special charges (Note 5)	(74.4)	(50)	(152.7)	(263.9)
Other, net	38	60.4	105.5	138.7
Operating Segments
Segment Reporting Information [Line Items]
Consolidated income before taxes	1,864.6	1,504.7	3,536.3	2,823.9
Operating Segments | Human pharmaceutical products
Segment Reporting Information [Line Items]
Consolidated income before taxes	1,720.2	1,352.3	3,237	2,523.2
Operating Segments | Animal health products
Segment Reporting Information [Line Items]
Consolidated income before taxes	144.5	152.4	299.4	300.7
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Acquired in-process research and development (Note 3)	(1,624.5)	0	(1,624.5)	(857.6)
Amortization of intangible assets	(152.9)	(178.1)	(305.3)	(354.2)
Asset impairment, restructuring, and other special charges (Note 5)	(74.4)	(50)	(152.7)	(263.9)
Other, net	$ (8)	$ (16.1)	$ (8)	$ (26.5)

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2018segment
Segment Reporting [Abstract]
Number of operating segments	2

Subsequent Events (Details)

Subsequent Events (Details)	Jun. 30, 2018
IPO | Elanco
Subsequent Event [Line Items]
Ownership, percentage	20.00%