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    <link:label id="lab_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C_label_en-US" xlink:label="lab_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basaglar [Member]</link:label>
    <link:label id="lab_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C_documentation_en-US" xlink:label="lab_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Basaglar [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BasaglarMember" xlink:label="loc_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C" xlink:to="lab_lly_BasaglarMember_C6AFB2FCD53E8B1961EB9F3E61AD255C" xlink:type="arc" />
    <link:label id="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE_terseLabel_en-US" xlink:label="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jardiance</link:label>
    <link:label id="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE_label_en-US" xlink:label="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jardiance (BI) [Member]</link:label>
    <link:label id="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE_documentation_en-US" xlink:label="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jardiance (BI) [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_JardianceBIMember" xlink:label="loc_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:to="lab_lly_JardianceBIMember_C8C9E55CFEEACD7A08609F3E61AD4CAE" xlink:type="arc" />
    <link:label id="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0_terseLabel_en-US" xlink:label="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trajenta</link:label>
    <link:label id="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0_label_en-US" xlink:label="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trajenta (BI) [Member]</link:label>
    <link:label id="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0_documentation_en-US" xlink:label="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trajenta (BI) [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_TrajentaBIMember" xlink:label="loc_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:to="lab_lly_TrajentaBIMember_EC1B28B17EA725DDD8C19F3E61ADAAD0" xlink:type="arc" />
    <link:label id="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE_terseLabel_en-US" xlink:label="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Endocrinology</link:label>
    <link:label id="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE_label_en-US" xlink:label="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Endocrinology [Member]</link:label>
    <link:label id="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE_documentation_en-US" xlink:label="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Endocrinology [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_OtherEndocrinologyMember" xlink:label="loc_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:to="lab_lly_OtherEndocrinologyMember_F2A0FCF5D5F4FE07DB249F3E61ADDFFE" xlink:type="arc" />
    <link:label id="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE_terseLabel_en-US" xlink:label="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Oncology</link:label>
    <link:label id="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE_label_en-US" xlink:label="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oncology [Member]</link:label>
    <link:label id="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE_documentation_en-US" xlink:label="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue to unaffiliated customers, Oncology</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_OncologyMember" xlink:label="loc_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:to="lab_lly_OncologyMember_05238AE3533596DDFC9A9F3E61AEFCDE" xlink:type="arc" />
    <link:label id="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B_verboseLabel_en-US" xlink:label="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Alimta</link:label>
    <link:label id="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B_label_en-US" xlink:label="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alimta [Member]</link:label>
    <link:label id="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B_documentation_en-US" xlink:label="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alimta [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_AlimtaMember" xlink:label="loc_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:to="lab_lly_AlimtaMember_15518D930812B662B7E79F3E61AE484B" xlink:type="arc" />
    <link:label id="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F_terseLabel_en-US" xlink:label="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cyramza</link:label>
    <link:label id="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F_label_en-US" xlink:label="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cyramza [Member]</link:label>
    <link:label id="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F_documentation_en-US" xlink:label="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cyramza [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_CyramzaMember" xlink:label="loc_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:to="lab_lly_CyramzaMember_12A4041BE51875A397D49F3E61AE754F" xlink:type="arc" />
    <link:label id="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E_terseLabel_en-US" xlink:label="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Erbitux</link:label>
    <link:label id="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E_label_en-US" xlink:label="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Erbitux [Member]</link:label>
    <link:label id="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E_documentation_en-US" xlink:label="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Erbitux [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_ErbituxMember" xlink:label="loc_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:to="lab_lly_ErbituxMember_23B36CEDD44797F912FD9F3E61AE5F4E" xlink:type="arc" />
    <link:label id="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4_terseLabel_en-US" xlink:label="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Oncology</link:label>
    <link:label id="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4_label_en-US" xlink:label="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Oncology [Member]</link:label>
    <link:label id="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4_documentation_en-US" xlink:label="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Oncology [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_OtherOncologyMember" xlink:label="loc_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:to="lab_lly_OtherOncologyMember_4A6CB3F306D224E573E49F3E61AEC8E4" xlink:type="arc" />
    <link:label id="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB_terseLabel_en-US" xlink:label="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cardiovascular</link:label>
    <link:label id="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB_label_en-US" xlink:label="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cardiovascular [Member]</link:label>
    <link:label id="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB_documentation_en-US" xlink:label="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue to unaffiliated customers, Cardiovascular</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_CardiovascularMember" xlink:label="loc_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:to="lab_lly_CardiovascularMember_BB68A2A35EFFDC8E4D539F3E61AF4AAB" xlink:type="arc" />
    <link:label id="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B_terseLabel_en-US" xlink:label="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cialis</link:label>
    <link:label id="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B_label_en-US" xlink:label="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cialis [Member]</link:label>
    <link:label id="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B_documentation_en-US" xlink:label="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cialis [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_CialisMember" xlink:label="loc_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:to="lab_lly_CialisMember_FB5F091DB387FD48E69C9F3E61AF6E7B" xlink:type="arc" />
    <link:label id="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D_terseLabel_en-US" xlink:label="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effient</link:label>
    <link:label id="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D_label_en-US" xlink:label="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effient [Member]</link:label>
    <link:label id="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D_documentation_en-US" xlink:label="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effient [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_EffientMember" xlink:label="loc_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:to="lab_lly_EffientMember_A1CC957E3278B70E71DB9F3E61AF556D" xlink:type="arc" />
    <link:label id="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83_terseLabel_en-US" xlink:label="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Cardiovascular</link:label>
    <link:label id="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83_label_en-US" xlink:label="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Cardiovascular [Member]</link:label>
    <link:label id="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83_documentation_en-US" xlink:label="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Cardiovascular [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_OtherCardiovascularMember" xlink:label="loc_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:to="lab_lly_OtherCardiovascularMember_EC71CB30CB57946D69269F3E61AFCC83" xlink:type="arc" />
    <link:label id="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18_terseLabel_en-US" xlink:label="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Neuroscience</link:label>
    <link:label id="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18_label_en-US" xlink:label="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Neuroscience [Member]</link:label>
    <link:label id="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18_documentation_en-US" xlink:label="lab_lly_NeuroscienceMember_6C2904FBD055811960899F3E61AF6F18" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue to unaffiliated customers, Neuroscience</link:label>
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    <link:label id="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7_terseLabel_en-US" xlink:label="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy Us Dollar Sell Euro</link:label>
    <link:label id="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7_label_en-US" xlink:label="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy Us Dollar Sell Euro [Member]</link:label>
    <link:label id="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7_documentation_en-US" xlink:label="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Currency Forward commitment to Buy US dollar Sell euro</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuyUsDollarSellEuroMember" xlink:label="loc_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:to="lab_lly_BuyUsDollarSellEuroMember_CFAC9DC45FECC9DE5501C6E748C16FD7" xlink:type="arc" />
    <link:label id="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A_terseLabel_en-US" xlink:label="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy Euro Sell Us Dollar</link:label>
    <link:label id="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A_label_en-US" xlink:label="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy Euro Sell Us Dollar [Member]</link:label>
    <link:label id="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A_documentation_en-US" xlink:label="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Currency Forward Commitment to Buy euro Sell US dollar</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuyEuroSellUsDollarMember" xlink:label="loc_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:to="lab_lly_BuyEuroSellUsDollarMember_58D2813E4A25832B26FAC6E748C18B7A" xlink:type="arc" />
    <link:label id="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E_terseLabel_en-US" xlink:label="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell Japanese Yen</link:label>
    <link:label id="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E_label_en-US" xlink:label="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell Japanese Yen [Member]</link:label>
    <link:label id="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E_documentation_en-US" xlink:label="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell Japanese Yen [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuyUSdollarSellJapaneseYenMember" xlink:label="loc_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:to="lab_lly_BuyUSdollarSellJapaneseYenMember_864A9D35940DBB665320C6E748C1965E" xlink:type="arc" />
    <link:label id="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94_terseLabel_en-US" xlink:label="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy GBP Sell USD</link:label>
    <link:label id="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94_label_en-US" xlink:label="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy Swiss francs Sell US dollar [Member]</link:label>
    <link:label id="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94_documentation_en-US" xlink:label="lab_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buy Swiss francs Sell US dollar [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuySwissfrancsSellUSdollarMember" xlink:label="loc_lly_BuySwissfrancsSellUSdollarMember_A3F227F7ECDC08EA8135C6E748C1FE94" xlink:type="locator" />
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    <link:label id="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E_terseLabel_en-US" xlink:label="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell British pound</link:label>
    <link:label id="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E_label_en-US" xlink:label="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell British pound [Member]</link:label>
    <link:label id="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E_documentation_en-US" xlink:label="lab_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buy US dollar Sell British pound [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuyUSdollarSellBritishpoundMember" xlink:label="loc_lly_BuyUSdollarSellBritishpoundMember_EE7BD375FC2AA73FA791C6E748C1365E" xlink:type="locator" />
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    <link:label id="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB_terseLabel_en-US" xlink:label="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy British Pound and Sell US Dollars</link:label>
    <link:label id="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB_label_en-US" xlink:label="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy British Pound and Sell US Dollars [Member]</link:label>
    <link:label id="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB_documentation_en-US" xlink:label="lab_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buy British Pound and Sell US Dollars [Member]</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_BuyBritishPoundandSellUSDollarsMember" xlink:label="loc_lly_BuyBritishPoundandSellUSDollarsMember_173CF12892F0F493D4A0C6E748C248FB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeLiabilityNotionalAmount_F3AD47D8E582023E87C5C6E748C223F2_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotionalAmount_F3AD47D8E582023E87C5C6E748C223F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative liability, notional amount</link:label>
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    <link:label id="lab_us-gaap_MaximumRemainingMaturityOfForeignCurrencyDerivatives1_F1E2DF103AF905F40DB7C6E748C264FF_terseLabel_en-US" xlink:label="lab_us-gaap_MaximumRemainingMaturityOfForeignCurrencyDerivatives1_F1E2DF103AF905F40DB7C6E748C264FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum remaining maturity of foreign currency derivatives</link:label>
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Element ID: us-gaap_DescriptionOfDerivativeActivityVolume
Balance Type: na
Data Type: PERCENT
Period Type: duration
---------------------------------------------------------------------
Definition: Information that would enable users to understand the volume of the entity's derivative activity.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 133
 -Paragraph 44
 -Subparagraph 2</link:label>
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    <link:label id="lab_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_E0D7D1F00EABD14CEF6BC6E748C33240_label_en-US" xlink:label="lab_us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet_E0D7D1F00EABD14CEF6BC6E748C33240" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales and maturities of short-term investments</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Short-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:label="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479" xlink:to="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_E95AF01DACF380667F5BD5F339987479" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchases of short-term investments</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Short-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireShortTermInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF" xlink:to="lab_us-gaap_PaymentsToAcquireShortTermInvestments_6EDC7E0605C84F62B38AD5F3399842FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLongtermInvestments_A5F601CE5B91ED94441FD5F33998ADF7_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLongtermInvestments_A5F601CE5B91ED94441FD5F33998ADF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales of noncurrent investments</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLongtermInvestments_A5F601CE5B91ED94441FD5F33998ADF7_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLongtermInvestments_A5F601CE5B91ED94441FD5F33998ADF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Long-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromSaleOfLongtermInvestments" xlink:label="loc_us-gaap_ProceedsFromSaleOfLongtermInvestments_A5F601CE5B91ED94441FD5F33998ADF7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchases of noncurrent investments</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Long-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireLongtermInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4" xlink:to="lab_us-gaap_PaymentsToAcquireLongtermInvestments_3CF822F409A7237B27C8D5F3399952B4" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E3A407E037229BD4A68D5F33999A801_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E3A407E037229BD4A68D5F33999A801" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for acquisitions, net of cash acquired (Note 3)</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E3A407E037229BD4A68D5F33999A801_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E3A407E037229BD4A68D5F33999A801" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E3A407E037229BD4A68D5F33999A801" xlink:type="locator" />
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    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9_negatedTerseLabel_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of in-process research and development (Note 3)</link:label>
    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9_label_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchased in-process research and development</link:label>
    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9_documentation_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of CASH paid for research and development assets that are acquired in a business combination (pre-141R) and/or licensing arrangement that have no alternative future use and are therefore, written off in the period of acquisition (CASH FLOWS).</link:label>
    <link:loc xlink:href="lly-20180930.xsd#lly_PurchasedInProcessResearchAndDevelopment" xlink:label="loc_lly_PurchasedInProcessResearchAndDevelopment_E641186B767135AB0D47D5F3399924A9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_B66104389AAF88912D84D5F33999193E_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_B66104389AAF88912D84D5F33999193E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other investing activities, net</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_B66104389AAF88912D84D5F33999193E_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_B66104389AAF88912D84D5F33999193E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_B66104389AAF88912D84D5F33999193E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_2421F7E54E4115540141D5F3399AA10C_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_2421F7E54E4115540141D5F3399AA10C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used for) Investing Activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_2421F7E54E4115540141D5F3399AA10C_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_2421F7E54E4115540141D5F3399AA10C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_2421F7E54E4115540141D5F3399AA10C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C3EF06148AECBAE4B9AED5F3399AB37C_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C3EF06148AECBAE4B9AED5F3399AB37C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows from Financing Activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C3EF06148AECBAE4B9AED5F3399AB37C_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C3EF06148AECBAE4B9AED5F3399AB37C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C3EF06148AECBAE4B9AED5F3399AB37C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Dividends</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="loc_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8" xlink:to="lab_us-gaap_PaymentsOfDividends_10E1D6862B867789A7DAD5F3399A6BB8" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_E90DC276D2CDDEDA035AD5F3399A06DF_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_E90DC276D2CDDEDA035AD5F3399A06DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net change in short-term borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_E90DC276D2CDDEDA035AD5F3399A06DF_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_E90DC276D2CDDEDA035AD5F3399A06DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Repayments of) Short-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_E90DC276D2CDDEDA035AD5F3399A06DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_EE8AEABF1AA629855C99D5F3399B7C5C_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_EE8AEABF1AA629855C99D5F3399B7C5C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of long-term debt</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_EE8AEABF1AA629855C99D5F3399B7C5C" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_DD199CD02A0F8015CE8FD5F3399B7179" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_F7A267A13545CE06C5FBD5F3399B5846_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_F7A267A13545CE06C5FBD5F3399B5846" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchases of common stock</link:label>
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    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_BFB96431AFAC8F00C434E5A24D049589_terseLabel_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_BFB96431AFAC8F00C434E5A24D049589" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of in-process research and development</link:label>
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