| | | | | | Note 15: | Share-Based Payments |
Share-based Compensation Expense The following table summarizes share-based compensation expense included in our condensed consolidated statements of income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | Research and development | | $ | 32.3 | | | $ | 30.1 | | | $ | 67.1 | | | $ | 62.2 | | | Selling, general and administrative | | 48.0 | | | 48.0 | | | 101.0 | | | 100.0 | | | | | | | | | | | | Subtotal | | 80.3 | | | 78.1 | | | 168.1 | | | 162.2 | | | Capitalized share-based compensation costs | | (3.0) | | | (3.2) | | | (6.8) | | | (6.3) | | | Share-based compensation expense included in total cost and expense | | 77.3 | | | 74.9 | | | 161.3 | | | 155.9 | | | Income tax effect | | (15.2) | | | (14.9) | | | (31.7) | | | (30.9) | | | Share-based compensation expense included in net income attributable to Biogen Inc. | | $ | 62.1 | | | $ | 60.0 | | | $ | 129.6 | | | $ | 125.0 | |
The following table summarizes share-based compensation expense associated with each of our share-based compensation programs: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | | Time-vested restricted stock units | | $ | 66.6 | | | $ | 60.6 | | | $ | 137.5 | | | $ | 126.7 | | | | | | | | | | | | | | | | | | | | | Performance stock units settled in stock | | 11.8 | | | 15.0 | | | 25.1 | | | 28.6 | | | Employee stock purchase plan | | 1.9 | | | 1.6 | | | 5.5 | | | 5.1 | | | | | | | | | | | | Stock options | | — | | | 0.9 | | | — | | | 1.8 | | | | | | | | | | | | | | | | | | | | | Subtotal | | 80.3 | | | 78.1 | | | 168.1 | | | 162.2 | | | Capitalized share-based compensation costs | | (3.0) | | | (3.2) | | | (6.8) | | | (6.3) | | | Share-based compensation expense included in total cost and expense | | $ | 77.3 | | | $ | 74.9 | | | $ | 161.3 | | | $ | 155.9 | |
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