2012 Q4 Form 10-Q Financial Statement

#000087504512000010 Filed on October 25, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $1.418B $1.386B $1.310B
YoY Change 6.87% 5.77% 11.41%
Cost Of Revenue $133.8M $139.4M $123.5M
YoY Change -4.15% 12.82% 28.81%
Gross Profit $1.284B $1.246B $1.186B
YoY Change 8.17% 5.04% 9.86%
Gross Profit Margin 90.56% 89.95% 90.57%
Selling, General & Admin $376.0M $299.6M $261.4M
YoY Change 32.44% 14.63% 7.04%
% of Gross Profit 29.28% 24.04% 22.03%
Research & Development $345.2M $304.2M $301.4M
YoY Change 1.86% 0.94% -5.55%
% of Gross Profit 26.88% 24.41% 25.4%
Depreciation & Amortization $96.80M $94.20M $87.40M
YoY Change 9.13% 7.78% -3.0%
% of Gross Profit 7.54% 7.56% 7.37%
Operating Expenses $775.8M $603.8M $562.8M
YoY Change 10.21% 7.3% -8.76%
Operating Profit $508.3M $535.3M $488.5M
YoY Change 5.19% 9.57% 5.48%
Interest Expense -$92.10M $8.700M $7.900M
YoY Change 25.14% 10.13% -111.47%
% of Operating Profit -18.12% 1.63% 1.62%
Other Income/Expense, Net $600.0K -$4.548M -$7.727M
YoY Change 500.0% -41.14% -1065.88%
Pretax Income $431.2M $530.7M $480.8M
YoY Change 6.44% 10.39% 156.82%
Income Tax $136.3M $131.0M $127.1M
% Of Pretax Income 31.61% 24.69% 26.44%
Net Earnings $292.1M $398.4M $351.8M
YoY Change -2.7% 13.25% 38.45%
Net Earnings / Revenue 20.6% 28.75% 26.86%
Basic Earnings Per Share $1.24 $1.68 $1.45
Diluted Earnings Per Share $1.23 $1.67 $1.43
COMMON SHARES
Basic Shares Outstanding 236.6M shares 236.5M shares 242.9M shares
Diluted Shares Outstanding 238.1M shares 245.4M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.706B $1.606B $1.520B
YoY Change 0.89% 5.66% 84.24%
Cash & Equivalents $570.7M $451.7M $575.1M
Short-Term Investments $1.135B $1.154B $944.0M
Other Short-Term Assets $136.0M $126.2M $173.0M
YoY Change -5.94% -27.07% -13.07%
Inventory $447.4M $392.9M $311.0M
Prepaid Expenses
Receivables $686.8M $661.5M $813.0M
Other Receivables $0.00 $0.00 $20.00M
Total Short-Term Assets $3.244B $3.055B $2.837B
YoY Change 9.04% 7.7% 33.13%
LONG-TERM ASSETS
Property, Plant & Equipment $1.742B $1.677B $1.572B
YoY Change 10.87% 6.65% -4.26%
Goodwill $1.201B $1.205B
YoY Change 4.8%
Intangibles $1.632B $1.681B
YoY Change 1.45%
Long-Term Investments $2.311B $29.50M $1.587B
YoY Change 32.21% -98.14% 106.91%
Other Assets $274.1M $271.1M
YoY Change -17.34%
Total Long-Term Assets $6.886B $6.575B $5.965B
YoY Change 13.36% 10.23% 13.34%
TOTAL ASSETS
Total Short-Term Assets $3.244B $3.055B $2.837B
Total Long-Term Assets $6.886B $6.575B $5.965B
Total Assets $10.13B $9.631B $8.802B
YoY Change 11.94% 9.41% 19.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $204.0M $157.4M $159.0M
YoY Change 9.41% -0.99% 10.42%
Accrued Expenses $485.0M $404.0M $331.0M
YoY Change 43.07% 22.05% -40.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $453.0M $453.0M $3.000M
YoY Change 15000.0% 15000.0% -72.73%
Total Short-Term Liabilities $1.657B $1.521B $885.0M
YoY Change 81.55% 71.87% 7.4%
LONG-TERM LIABILITIES
Long-Term Debt $687.0M $658.0M $1.061B
YoY Change -35.25% -37.98% -0.75%
Other Long-Term Liabilities $604.3M $539.6M $384.0M
YoY Change 50.96% 40.51% 50.0%
Total Long-Term Liabilities $604.3M $539.6M $1.445B
YoY Change 50.96% -62.66% 9.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.657B $1.521B $885.0M
Total Long-Term Liabilities $604.3M $539.6M $1.445B
Total Liabilities $3.166B $2.969B $2.573B
YoY Change 20.73% 15.38% 8.89%
SHAREHOLDERS EQUITY
Retained Earnings $4.487B $4.195B
YoY Change 44.42%
Common Stock $127.0K $127.0K
YoY Change -0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.325B $1.303B
YoY Change 57.71%
Treasury Stock Shares 17.66B shares
Shareholders Equity $6.962B $6.660B $6.229B
YoY Change
Total Liabilities & Shareholders Equity $10.13B $9.631B $8.802B
YoY Change 11.94% 9.41% 19.04%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $292.1M $398.4M $351.8M
YoY Change -2.7% 13.25% 38.45%
Depreciation, Depletion And Amortization $96.80M $94.20M $87.40M
YoY Change 9.13% 7.78% -3.0%
Cash From Operating Activities $507.9M $541.8M $570.6M
YoY Change 7.17% -5.05% 33.26%
INVESTING ACTIVITIES
Capital Expenditures -$75.70M -$58.10M -$81.00M
YoY Change 7.38% -28.27% 108.23%
Acquisitions
YoY Change
Other Investing Activities -$299.8M -$464.3M -$506.1M
YoY Change -6.05% -8.26% 1543.18%
Cash From Investing Activities -$375.4M -$522.4M -$587.2M
YoY Change -3.62% -11.04% 741.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.50M -28.30M -99.20M
YoY Change -89.15% -71.47% -78.49%
NET CHANGE
Cash From Operating Activities 507.9M 541.8M 570.6M
Cash From Investing Activities -375.4M -522.4M -587.2M
Cash From Financing Activities -15.50M -28.30M -99.20M
Net Change In Cash 117.0M -8.900M -115.8M
YoY Change -300.34% -92.31% 12.65%
FREE CASH FLOW
Cash From Operating Activities $507.9M $541.8M $570.6M
Capital Expenditures -$75.70M -$58.10M -$81.00M
Free Cash Flow $583.6M $599.9M $651.6M
YoY Change 7.2% -7.93% 39.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2012, the FASB issued ASU No. 2012-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles &#8211; Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment </font><font style="font-family:inherit;font-size:10pt;">(ASU 2012-02). This newly issued accounting standard allows an entity the option to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test for indefinite-lived intangibles other than goodwill. Under that option, an entity would no longer be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on that qualitative assessment, that it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying amount. This ASU is effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our financial or results of operations.</font></div></div>
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CY2011Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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0.013
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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0.012
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CY2011Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.008
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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400000 USD
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900000 USD
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23100000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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25200000 USD
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6100000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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5600000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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1800000 USD
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5700000 USD
us-gaap Gain Loss On Sale Of Investments
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us-gaap Gain Loss On Sale Of Investments
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CY2012Q3 us-gaap Impairment Of Investments
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us-gaap Impairment Of Investments
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7600000 USD
us-gaap Impairment Of Investments
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us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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32389000 USD
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us-gaap Interest Expense
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25500000 USD
us-gaap Interest Expense
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23100000 USD
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us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
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P15M
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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24000000 USD
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14100000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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1253767000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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351800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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398400000 USD
CY2012Q3 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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us-gaap Operating Income Loss
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CY2011Q3 us-gaap Operating Income Loss
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CY2011Q4 us-gaap Other Assets Current
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CY2011Q3 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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us-gaap Noncontrolling Interest Decrease From Deconsolidation
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CY2012Q3 us-gaap Notes Payable
NotesPayable
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532300000 USD
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297300000 USD
us-gaap Operating Income Loss
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0 USD
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100000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
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4900000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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3331000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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1958000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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3140000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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2634000 USD
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3848000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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24279000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
25093000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
34062000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-5000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-198000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-590000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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11000 USD
biib Average Maturity Of Marketable Securities
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P13M
CY2011Q4 us-gaap Other Liabilities Current
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677210000 USD
CY2012Q3 us-gaap Other Liabilities Current
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866208000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
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539569000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
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400276000 USD
us-gaap Other Noncash Income Expense
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-6043000 USD
us-gaap Other Noncash Income Expense
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15493000 USD
CY2011Q3 us-gaap Other Nonoperating Income Expense
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-7727000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13546000 USD
us-gaap Other Nonoperating Income Expense
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-9504000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
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-4548000 USD
CY2012Q3 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
491300000 USD
us-gaap Profit Loss
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966476000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
353662000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
398400000 USD
us-gaap Profit Loss
ProfitLoss
1087906000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2574900000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2353500000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1676583000 USD
us-gaap Other Sales Revenue Net
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150147000 USD
CY2012Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
58652000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
143308000 USD
CY2011Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
67706000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8265000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
38014000 USD
us-gaap Payments For Repurchase Of Common Stock
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963171000 USD
us-gaap Payments For Repurchase Of Common Stock
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386575000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
72401000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
32100000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
36000000000 KRW
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2590971000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2192343000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
185511000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
137578000 USD
CY2011Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
600000 USD
CY2012Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Preferred Stock Value
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0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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299466000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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58278000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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42939000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1913381000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1476052000 USD
CY2011Q3 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
306200000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
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1571387000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
880668000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
989738000 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
304217000 USD
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
301391000 USD
CY2011Q3 us-gaap Restructuring Charges
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1803000 USD
CY2012Q3 us-gaap Restructuring Charges
RestructuringCharges
803000 USD
us-gaap Restructuring Charges
RestructuringCharges
2225000 USD
us-gaap Restructuring Charges
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18390000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
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3106761000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4194551000 USD
CY2012Q3 us-gaap Revenues
Revenues
1385554000 USD
CY2011Q3 us-gaap Revenues
Revenues
1309934000 USD
us-gaap Revenues
Revenues
4098520000 USD
us-gaap Revenues
Revenues
3721924000 USD
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1039110000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3091398000 USD
CY2011Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
975757000 USD
us-gaap Sales Revenue Goods Net
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2839562000 USD
CY2012Q3 us-gaap Treasury Stock Shares Acquired
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400000 shares
CY2011Q4 us-gaap Treasury Stock Value
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839903000 USD
CY2012Q3 us-gaap Treasury Stock Value
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1303074000 USD
CY2012Q3 us-gaap Treasury Stock Value Acquired Cost Method
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53200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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963200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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386600000 USD
CY2011Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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20000000 shares
CY2012Q3 us-gaap Taxes Payable Current
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44252000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
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299631000 USD
us-gaap Selling General And Administrative Expense
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901488000 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
261398000 USD
us-gaap Selling General And Administrative Expense
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772217000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
88378000 USD
us-gaap Share Based Compensation
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86625000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
382000 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
225000 shares
CY2012Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
6300000 shares
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
6425499000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
6659552000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6661940000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6426987000 USD
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
235000000 USD
CY2011Q4 us-gaap Taxes Payable Current
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45939000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7700000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5000000 shares
CY2011 biib Average Maturity Of Marketable Securities
AverageMaturityOfMarketableSecurities
P14M
CY2012Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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37000000 USD
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements requires us to make estimates, judgments, and assumptions that may affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates and judgments and methodologies, including those related to revenue recognition and related allowances, our collaborative relationships, clinical trial expenses, the consolidation of variable interest entities, the collectability of our accounts receivable, the valuation of contingent consideration, the valuation of acquired intangible assets including in-process research and development, inventory, impairment and amortization of long-lived assets including intangible assets and acquired in-process research and development (IPR&amp;D), impairments of goodwill, share-based compensation, income taxes including the valuation allowance for deferred tax assets, the valuation of investments, derivatives and hedging activities, contingencies, litigation, and restructuring charges. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.</font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1600000 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
240137000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245366000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
238125000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245140000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242266000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
238331000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236474000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242883000 shares
CY2011Q4 biib Accounts Receivable Outstanding For Greater Than One Year
AccountsReceivableOutstandingForGreaterThanOneYear
56000000 USD
CY2012Q3 biib Accounts Receivable Outstanding For Greater Than One Year
AccountsReceivableOutstandingForGreaterThanOneYear
3900000 USD
biib Adjustments To Product Revenue Reserves Relating To Sales In Prior Years
AdjustmentsToProductRevenueReservesRelatingToSalesInPriorYears
5800000 USD
CY2012Q3 biib Allocated Share Based Compensation Expense Net
AllocatedShareBasedCompensationExpenseNet
45700000 USD
CY2011Q3 biib Allocated Share Based Compensation Expense Net
AllocatedShareBasedCompensationExpenseNet
36600000 USD
biib Allocated Share Based Compensation Expense Net
AllocatedShareBasedCompensationExpenseNet
111000000 USD
biib Allocated Share Based Compensation Expense Net
AllocatedShareBasedCompensationExpenseNet
137300000 USD
CY2010Q2 biib Assessment Of Tax Including Penalties And Interest
AssessmentOfTaxIncludingPenaltiesAndInterest
103500000 USD
biib Automatic Renewal Period For Resolution
AutomaticRenewalPeriodForResolution
P24M
CY2011Q4 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
165800000 USD
CY2012Q3 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
211500000 USD
CY2011Q4 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
165200000 USD
CY2012Q3 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
211800000 USD
CY2012Q3 biib Computer Software And Hardware
ComputerSoftwareAndHardware
465900000 USD
CY2012Q3 biib Current Portion Of Contingent Consideration Obligations
CurrentPortionOfContingentConsiderationObligations
21300000 USD
CY2011Q4 biib Current Portion Of Contingent Consideration Obligations
CurrentPortionOfContingentConsiderationObligations
10800000 USD
biib Current Provisions To Product Revenue Reserves Relating To Sales In Current Year
CurrentProvisionsToProductRevenueReservesRelatingToSalesInCurrentYear
455100000 USD
biib Damages Claimed
DamagesClaimed
181000000 EUR
biib Decrease In Share Of Co Promotion Profits Due To Estimated Compensation Damages
DecreaseInShareOfCoPromotionProfitsDueToEstimatedCompensationDamages
50000000 USD
CY2012Q3 biib Due From Unconsolidated Joint Business
DueFromUnconsolidatedJointBusiness
268965000 USD
CY2011Q4 biib Due From Unconsolidated Joint Business
DueFromUnconsolidatedJointBusiness
228724000 USD
biib Effective Income Tax Rate Reconciliation Contingent Consideration
EffectiveIncomeTaxRateReconciliationContingentConsideration
0.000
CY2011Q3 biib Effective Income Tax Rate Reconciliation Contingent Consideration
EffectiveIncomeTaxRateReconciliationContingentConsideration
0.000
biib Effective Income Tax Rate Reconciliation Contingent Consideration
EffectiveIncomeTaxRateReconciliationContingentConsideration
0.005
CY2012Q3 biib Effective Income Tax Rate Reconciliation Contingent Consideration
EffectiveIncomeTaxRateReconciliationContingentConsideration
0.007
CY2011Q3 biib Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
2500000 USD
biib Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
23573000 USD
biib Business Acquisition Contingent Consideration Acquisitions At Fair Value
BusinessAcquisitionContingentConsiderationAcquisitionsAtFairValue
122200000 USD
CY2012Q3 biib Business Acquisition Contingent Consideration Acquisitions At Fair Value
BusinessAcquisitionContingentConsiderationAcquisitionsAtFairValue
0 USD
biib Business Acquisition Contingent Consideration Acquisitions At Fair Value
BusinessAcquisitionContingentConsiderationAcquisitionsAtFairValue
38800000 USD
CY2011Q3 biib Business Acquisition Contingent Consideration Acquisitions At Fair Value
BusinessAcquisitionContingentConsiderationAcquisitionsAtFairValue
38800000 USD
CY2011Q4 biib Clinical Development Expenses
ClinicalDevelopmentExpenses
40800000 USD
CY2012Q3 biib Clinical Development Expenses
ClinicalDevelopmentExpenses
52900000 USD
CY2011Q4 biib Collaboration Expenses
CollaborationExpenses
44200000 USD
CY2012Q3 biib Collaboration Expenses
CollaborationExpenses
46600000 USD
CY2012Q3 biib Collaboration Profit Sharing
CollaborationProfitSharing
75545000 USD
CY2011Q3 biib Collaboration Profit Sharing
CollaborationProfitSharing
81475000 USD
biib Collaboration Profit Sharing
CollaborationProfitSharing
244319000 USD
biib Collaboration Profit Sharing
CollaborationProfitSharing
239951000 USD
CY2011Q4 biib Computer Software And Hardware
ComputerSoftwareAndHardware
439700000 USD
CY2012Q3 biib Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
9456000 USD
biib Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
5900000 USD
CY2011Q3 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
1800000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
2500000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
4900000 USD
CY2012Q3 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
1400000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
1500000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
3600000 USD
CY2011Q3 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
200000 USD
CY2012Q3 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
1600000 USD
biib Maximum Term For Accounts Receivable
MaximumTermForAccountsReceivable
P90D
CY2011Q4 biib Federal Deposit Insurance Corporation Guaranteed Senior Notes Issued Under Temporary Liquidity Guarantee Program
FederalDepositInsuranceCorporationGuaranteedSeniorNotesIssuedUnderTemporaryLiquidityGuaranteeProgram
214000000 USD
CY2012Q3 biib Federal Deposit Insurance Corporation Guaranteed Senior Notes Issued Under Temporary Liquidity Guarantee Program
FederalDepositInsuranceCorporationGuaranteedSeniorNotesIssuedUnderTemporaryLiquidityGuaranteeProgram
89100000 USD
biib Gain Loss From Sale Of Strategic Equity Investments
GainLossFromSaleOfStrategicEquityInvestments
13800000 USD
biib Gain On Sale Of Rights
GainOnSaleOfRights
31719000 USD
biib Limited Period For Government Reimbursement
LimitedPeriodForGovernmentReimbursement
P24M
biib Gain On Sale Of Rights
GainOnSaleOfRights
0 USD
CY2011Q3 biib Gain On Sale Of Rights
GainOnSaleOfRights
0 USD
CY2012Q3 biib Gain On Sale Of Rights
GainOnSaleOfRights
31719000 USD
CY2012Q3 biib Impairment Charges Related To Investments In Privately Held Companies
ImpairmentChargesRelatedToInvestmentsInPrivatelyHeldCompanies
3500000 USD
biib Impairment Charges Related To Investments In Privately Held Companies
ImpairmentChargesRelatedToInvestmentsInPrivatelyHeldCompanies
4800000 USD
biib Impairment Charges Related To Investments In Privately Held Companies
ImpairmentChargesRelatedToInvestmentsInPrivatelyHeldCompanies
7600000 USD
CY2011Q3 biib Impairment Charges Related To Investments In Privately Held Companies
ImpairmentChargesRelatedToInvestmentsInPrivatelyHeldCompanies
800000 USD
biib Impairment Charges Related To Investments In Publicly Held Companies
ImpairmentChargesRelatedToInvestmentsInPubliclyHeldCompanies
0 USD
CY2012Q3 biib Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4031900000 USD
CY2011Q4 biib Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3807500000 USD
biib Interest In Subsidiary
InterestInSubsidiary
1
CY2012Q3 biib Inventory Various Programs Gross
InventoryVariousProgramsGross
13800000 USD
CY2012Q3 biib Investment In Biotechnology Companies That Are Determined To Be Unconsolidated Variable Interest Entities
InvestmentInBiotechnologyCompaniesThatAreDeterminedToBeUnconsolidatedVariableInterestEntities
9300000 USD
CY2011Q4 biib Investment In Biotechnology Companies That Are Determined To Be Unconsolidated Variable Interest Entities
InvestmentInBiotechnologyCompaniesThatAreDeterminedToBeUnconsolidatedVariableInterestEntities
14600000 USD
biib Minimum Term For Accounts Receivable
MinimumTermForAccountsReceivable
P30D
CY2011Q3 biib Net Income Loss Attributable To Noncontrolling Interests Net Of Tax
NetIncomeLossAttributableToNoncontrollingInterestsNetOfTax
1900000 USD
biib Net Income Loss Attributable To Noncontrolling Interests Net Of Tax
NetIncomeLossAttributableToNoncontrollingInterestsNetOfTax
0 USD
biib Net Income Loss Attributable To Noncontrolling Interests Net Of Tax
NetIncomeLossAttributableToNoncontrollingInterestsNetOfTax
32300000 USD
CY2012Q3 biib Net Income Loss Attributable To Noncontrolling Interests Net Of Tax
NetIncomeLossAttributableToNoncontrollingInterestsNetOfTax
0 USD
CY2011Q3 biib Number Of Marketable Equity Investments Sold
NumberOfMarketableEquityInvestmentsSold
1 Investment
biib Number Of Reportable Segment
NumberOfReportableSegment
1 segment
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
236596922 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
BIOGEN IDEC INC.
CY2011Q4 biib Other Accrued Expenses And Other
OtherAccruedExpensesAndOther
173100000 USD
CY2012Q3 biib Other Accrued Expenses And Other
OtherAccruedExpensesAndOther
200600000 USD
CY2012Q3 biib Other Goodwill Adjustments
OtherGoodwillAdjustments
6800000 USD
CY2011 biib Other Goodwill Adjustments
OtherGoodwillAdjustments
0 USD
biib Other Goodwill Adjustments
OtherGoodwillAdjustments
6800000 USD
CY2011Q3 biib Other Income Expense Net
OtherIncomeExpenseNet
600000 USD
biib Other Income Expense Net
OtherIncomeExpenseNet
700000 USD
CY2012Q3 biib Other Income Expense Net
OtherIncomeExpenseNet
400000 USD
biib Other Income Expense Net
OtherIncomeExpenseNet
3100000 USD
biib Payment Terms Of Accounts Receivable
PaymentTermsOfAccountsReceivable
30 to 90 days
CY2012Q3 biib Payments Of Contingent Consideration Obligations
PaymentsOfContingentConsiderationObligations
0 USD
biib Payments Of Contingent Consideration Obligations
PaymentsOfContingentConsiderationObligations
6500000 USD
biib Payments Of Contingent Consideration Obligations
PaymentsOfContingentConsiderationObligations
0 USD
CY2011Q3 biib Payments Of Contingent Consideration Obligations
PaymentsOfContingentConsiderationObligations
0 USD
biib Payments Returns Applied Against Product Revenue Reserves Relating To Current Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToCurrentYear
291500000 USD
biib Payments Returns Applied Against Product Revenue Reserves Relating To Prior Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToPriorYear
104200000 USD
CY2012Q3 biib Percentage Of Venture Capital Investments To Assets
PercentageOfVentureCapitalInvestmentsToAssets
0.003
CY2011Q4 biib Percentage Of Venture Capital Investments To Assets
PercentageOfVentureCapitalInvestmentsToAssets
0.003
CY2011Q4 biib Product Revenue Reserves
ProductRevenueReserves
155600000 USD
CY2012Q3 biib Product Revenue Reserves
ProductRevenueReserves
209200000 USD
CY2011Q4 biib Product Revenue Reserves Classified As Reduction Of Accounts Receivable
ProductRevenueReservesClassifiedAsReductionOfAccountsReceivable
40600000 USD
CY2012Q3 biib Product Revenue Reserves Classified As Reduction Of Accounts Receivable
ProductRevenueReservesClassifiedAsReductionOfAccountsReceivable
49000000 USD
CY2011Q4 biib Product Revenue Reserves Classified As Reduction Of Current Liabilities
ProductRevenueReservesClassifiedAsReductionOfCurrentLiabilities
115000000 USD
CY2012Q3 biib Product Revenue Reserves Classified As Reduction Of Current Liabilities
ProductRevenueReservesClassifiedAsReductionOfCurrentLiabilities
160200000 USD
CY2009 biib Proposed Disallowance By Tax Authorities For Payment For Services
ProposedDisallowanceByTaxAuthoritiesForPaymentForServices
130000000 USD
CY2007 biib Proposed Disallowance By Tax Authorities For Payment For Services
ProposedDisallowanceByTaxAuthoritiesForPaymentForServices
130000000 USD
CY2008 biib Proposed Disallowance By Tax Authorities For Payment For Services
ProposedDisallowanceByTaxAuthoritiesForPaymentForServices
130000000 USD
biib Reimbursement Limit Stated In Resolution
ReimbursementLimitStatedInResolution
P24M
CY2012Q3 biib Revenue Related Rebates
RevenueRelatedRebates
160200000 USD
CY2011Q4 biib Revenue Related Rebates
RevenueRelatedRebates
115000000 USD
CY2011Q3 biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
266471000 USD
CY2012Q3 biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
287792000 USD
biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
739054000 USD
biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
856975000 USD
CY2012Q3 biib Unrealized Gain Losses On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossesOnForeignCurrencyDerivativesNetBeforeTax
5900000 USD
dei Amendment Flag
AmendmentFlag
false
CY2011Q4 biib Unrealized Gain Losses On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossesOnForeignCurrencyDerivativesNetBeforeTax
36500000 USD
CY2012Q3 biib Venture Capital Investments
VentureCapitalInvestments
26400000 USD
CY2011Q4 biib Venture Capital Investments
VentureCapitalInvestments
23600000 USD
biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
107700000 USD
CY2012Q3 biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
44200000 USD
CY2011Q3 biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
35300000 USD
biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
133300000 USD
biib Stipulated Royalty Rate
StipulatedRoyaltyRate
0.005
CY2011Q4 biib Strategic Investment Portfolio
StrategicInvestmentPortfolio
62800000 USD
CY2012Q3 biib Strategic Investment Portfolio
StrategicInvestmentPortfolio
60700000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000875045

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0000875045-12-000010.txt Edgar Link pending
0000875045-12-000010-xbrl.zip Edgar Link pending
biib-20120930.xml Edgar Link completed
biib-20120930.xsd Edgar Link pending
biib-20120930_cal.xml Edgar Link unprocessable
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