v3.25.2
Other Consolidated Financial Statement Detail (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other income (expense), net
Components of other (income) expense, net, are summarized as follows:
For the Three Months Ended June 30,For the Six Months Ended June 30,
(In millions)2025202420252024
Interest income$(32.3)$(20.1)$(56.2)$(37.5)
Interest expense72.6 61.3 132.6 130.5 
(Gains) losses on investments, net(5.3)30.7 30.3 61.3 
Foreign exchange (gains) losses, net10.4 11.3 6.6 20.7 
Other, net3.3 2.0 3.8 3.9 
Total other (income) expense, net$48.7 $85.2 $117.1 $178.9 
Gain (loss) on investments in equity securities
The following table summarizes our (gains) losses on investments, net that relate to our equity securities held during the following periods:
For the Three Months Ended June 30,For the Six Months Ended June 30,
(In millions)2025202420252024
Net (gains) losses recognized on equity securities$(5.3)$30.4 $30.3 $61.0 
Less: Net (gains) losses realized on equity securities— 0.6 (5.4)5.5 
Net unrealized (gains) losses recognized on equity securities$(5.3)$29.8 $35.7 $55.5 
Accrued expenses and other
Accrued expense and other consists of the following:
(In millions)As of June 30, 2025As of December 31, 2024
Revenue-related reserves for discounts and allowances$997.4 $937.5 
Employee compensation and benefits260.9 375.8 
Collaboration expense179.5 309.0 
Royalties and licensing fees200.3 190.2 
Current portion of contingent consideration obligations297.2 291.2 
Derivative liabilities123.7 11.7 
Other601.5 692.3 
Total accrued expense and other$2,660.5 $2,807.7