| | | | | | Note 16: | 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 September 30, | | For the Nine Months Ended September 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | Research and development | | $ | 33.3 | | | $ | 28.8 | | | $ | 100.4 | | | $ | 91.0 | | | Selling, general and administrative | | 51.0 | | | 49.6 | | | 152.0 | | | 149.6 | | | | | | | | | | | | Subtotal | | 84.3 | | | 78.4 | | | 252.4 | | | 240.6 | | | Capitalized share-based compensation costs | | (3.0) | | | (3.1) | | | (9.8) | | | (9.4) | | | Share-based compensation expense included in total cost and expense | | 81.3 | | | 75.3 | | | 242.6 | | | 231.2 | | | Income tax effect | | (16.0) | | | (14.4) | | | (47.7) | | | (45.3) | | | Share-based compensation expense included in net income attributable to Biogen Inc. | | $ | 65.3 | | | $ | 60.9 | | | $ | 194.9 | | | $ | 185.9 | |
The following table summarizes share-based compensation expense associated with each of our share-based compensation programs: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | | Time-vested restricted stock units | | $ | 69.4 | | | $ | 60.1 | | | $ | 206.9 | | | $ | 186.8 | | | | | | | | | | | | | | | | | | | | | Performance stock units settled in stock | | 12.9 | | | 15.5 | | | 38.0 | | | 44.1 | | | Employee stock purchase plan | | 2.0 | | | 1.8 | | | 7.5 | | | 6.9 | | | | | | | | | | | | Stock options | | — | | | 1.0 | | | — | | | 2.8 | | | | | | | | | | | | | | | | | | | | | Subtotal | | 84.3 | | | 78.4 | | | 252.4 | | | 240.6 | | | Capitalized share-based compensation costs | | (3.0) | | | (3.1) | | | (9.8) | | | (9.4) | | | Share-based compensation expense included in total cost and expense | | $ | 81.3 | | | $ | 75.3 | | | $ | 242.6 | | | $ | 231.2 | |
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