v3.25.3
Other Consolidated Financial Statement Detail (Tables)
 9 Months Ended
Sep. 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 September 30,For the Nine Months Ended September 30,
(In millions)2025202420252024
Interest income$(31.6)$(11.6)$(87.8)$(49.1)
Interest expense67.4 59.8 200.0 190.3 
(Gains) losses on investments, net3.8 (39.1)34.1 22.2 
Foreign exchange (gains) losses, net10.3 4.9 16.9 25.6 
Other, net(15.8)0.8 (12.0)4.7 
Total other (income) expense, net$34.1 $14.8 $151.2 $193.7 
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 September 30,For the Nine Months Ended September 30,
(In millions)2025202420252024
Net (gains) losses recognized on equity securities$3.8 $(39.1)$34.1 $21.9 
Less: Net (gains) losses realized on equity securities7.0 (10.9)1.6 (5.4)
Net unrealized (gains) losses recognized on equity securities$(3.2)$(28.2)$32.5 $27.3 
Accrued expenses and other
Accrued expense and other consists of the following:
(In millions)As of September 30, 2025As of December 31, 2024
Revenue-related reserves for discounts and allowances$1,062.3 $937.5 
Employee compensation and benefits310.7 375.8 
Collaboration expense268.7 309.0 
Royalties and licensing fees320.2 190.2 
Current portion of contingent consideration obligations148.6 291.2 
Derivative liabilities89.1 11.7 
Other574.0 692.3 
Total accrued expense and other$2,773.6 $2,807.7