Segment Information (Details) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||
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Jun. 30, 2025
USD ($)
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Jun. 30, 2024
USD ($)
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Jun. 30, 2025
USD ($)
segment
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Jun. 30, 2024
USD ($)
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Dec. 31, 2024
USD ($)
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Segment Reporting [Abstract] | |||||
Number of reportable segments | segment | 1 | ||||
Financial Information Regularly Reviewed by the CODM | |||||
Revenue | $ 15,557.7 | $ 11,302.8 | $ 28,286.2 | $ 20,070.8 | |
Less: | |||||
Cost of sales | 2,447.8 | 2,170.2 | 4,672.0 | 3,843.7 | |
Research and development | 3,336.1 | 2,711.2 | 6,069.8 | 5,234.0 | |
Marketing, selling, and administrative | 2,753.0 | 2,117.3 | 5,221.8 | 4,069.5 | |
Acquired in-process research and development | 153.8 | 154.3 | 1,725.5 | 264.8 | |
Net income | 5,660.5 | 2,967.0 | 8,419.8 | 5,209.9 | |
Additional Segment Information | |||||
Interest expense | 249.0 | 183.6 | 492.7 | 363.2 | |
Interest income | 40.0 | 37.3 | 88.3 | 83.1 | |
Depreciation and amortization | 941.3 | 815.0 | |||
Income taxes | 1,115.9 | 550.2 | 1,812.7 | 843.4 | |
Total assets | 100,922.6 | 100,922.6 | $ 78,714.9 | ||
Reportable Segment | |||||
Financial Information Regularly Reviewed by the CODM | |||||
Revenue | 15,557.7 | 11,302.8 | 28,286.2 | 20,070.8 | |
Less: | |||||
Cost of sales | 2,447.8 | 2,170.2 | 4,672.0 | 3,843.7 | |
Marketing, selling, and administrative | 2,753.0 | 2,117.3 | 5,221.8 | 4,069.5 | |
Acquired in-process research and development | 153.8 | 154.3 | 1,725.5 | 264.8 | |
Other segment items | 1,206.5 | 1,182.8 | 2,177.3 | 1,448.9 | |
Net income | 5,660.5 | 2,967.0 | 8,419.8 | 5,209.9 | |
Additional Segment Information | |||||
Interest expense | 249.0 | 183.6 | 492.7 | 363.2 | |
Interest income | 40.0 | 37.3 | 88.3 | 83.1 | |
Depreciation and amortization | 478.5 | 414.4 | 941.3 | 815.0 | |
Asset impairment, restructuring, and other special charges | 0.0 | 435.0 | 35.0 | 435.0 | |
Earnings (loss) in equity method investments | (16.0) | 25.9 | (74.7) | 39.6 | |
Income taxes | 1,115.9 | 550.2 | 1,812.7 | 843.4 | |
Expenditures for long-lived assets | 1,985.1 | 1,401.3 | 3,501.7 | 2,460.9 | |
Total assets | 100,922.6 | 100,922.6 | 78,714.9 | ||
Equity method investments | 1,188.4 | $ 1,142.7 | |||
Reportable Segment | Early-stage | |||||
Less: | |||||
Research and development | 1,156.0 | 1,025.3 | 2,146.0 | 1,877.4 | |
Reportable Segment | Late-stage | |||||
Less: | |||||
Research and development | $ 2,180.1 | $ 1,685.9 | $ 3,923.8 | $ 3,356.6 |
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- Definition Less Significant Expenses No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of writeoff for research and development asset acquired in transaction other than business combination or from joint venture formation or both. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Excludes cost for computer software product to be sold, leased, or otherwise marketed, writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both, and write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of other expense (income) and loss (gain) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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