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    <link:label id="lab_lly_BiCompoundsMember_25718E537C6B6A65A1A4325BEEE7D70A_label_en-US" xlink:label="lab_lly_BiCompoundsMember_25718E537C6B6A65A1A4325BEEE7D70A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bi Compounds [Member]</link:label>
    <link:label id="lab_lly_BiCompoundsMember_25718E537C6B6A65A1A4325BEEE7D70A_documentation_en-US" xlink:label="lab_lly_BiCompoundsMember_25718E537C6B6A65A1A4325BEEE7D70A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">describes BI's compounds contributed to the diabetes collaboration -- linagliptin and BI10773.</link:label>
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    <link:label id="lab_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7_terseLabel_en-US" xlink:label="lab_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Erbitux [Member]</link:label>
    <link:label id="lab_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7_label_en-US" xlink:label="lab_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7" 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_C4DA0AA3B335E16F9352325BEEE7E9E7_documentation_en-US" xlink:label="lab_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7" 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-20160630.xsd#lly_ErbituxMember" xlink:label="loc_lly_ErbituxMember_C4DA0AA3B335E16F9352325BEEE7E9E7" xlink:type="locator" />
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    <link:label id="lab_lly_EffientMember_6132770FE0D19AD8AE06325BEEE829F1_terseLabel_en-US" xlink:label="lab_lly_EffientMember_6132770FE0D19AD8AE06325BEEE829F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effient [Member]</link:label>
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    <link:label id="lab_lly_SolanezumabMember_1C4D4818CAC115B6C192325BEEE8ED14_terseLabel_en-US" xlink:label="lab_lly_SolanezumabMember_1C4D4818CAC115B6C192325BEEE8ED14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Solanezumab [Member]</link:label>
    <link:label id="lab_lly_SolanezumabMember_1C4D4818CAC115B6C192325BEEE8ED14_label_en-US" xlink:label="lab_lly_SolanezumabMember_1C4D4818CAC115B6C192325BEEE8ED14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Solanezumab [Member]</link:label>
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Element ID: us-gaap_CollaborativeArrangementRightsAndObligations
Balance Type: na
Data Type: MONETARY
Period Type: duration
---------------------------------------------------------------------
Definition: Description of rights and obligations under the collaborative arrangements.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Emerging Issues Task Force (EITF)
 -Number 07-1
 -Paragraph 21
 -Subparagraph b</link:label>
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Period over which a certain term (right or obligation) of a collaborative arrangement is to be recognized, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_0CCF1018AC6EC8DF111F325BC1F34E32_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_0CCF1018AC6EC8DF111F325BC1F34E32" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash released for acquisition</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_0CCF1018AC6EC8DF111F325BC1F34E32_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_0CCF1018AC6EC8DF111F325BC1F34E32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Restricted Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCash_0CCF1018AC6EC8DF111F325BC1F34E32" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_83BECA2BB74857FDD93D325BC1F4F756_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_83BECA2BB74857FDD93D325BC1F4F756" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for acquisitions, net of cash acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_83BECA2BB74857FDD93D325BC1F4F756_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_83BECA2BB74857FDD93D325BC1F4F756" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_83BECA2BB74857FDD93D325BC1F4F756" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_A149126401C4716007D3325BC1F47A09_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_A149126401C4716007D3325BC1F47A09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of product rights</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_A149126401C4716007D3325BC1F47A09_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_A149126401C4716007D3325BC1F47A09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Productive Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:label="loc_us-gaap_ProceedsFromSaleOfProductiveAssets_A149126401C4716007D3325BC1F47A09" xlink:type="locator" />
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    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E_negatedTerseLabel_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of in-process research and development</link:label>
    <link:label id="lab_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E_label_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E" 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_17CBE1AA7E65A52A6454325BC1F4D62E_documentation_en-US" xlink:label="lab_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E" 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-20160630.xsd#lly_PurchasedInProcessResearchAndDevelopment" xlink:label="loc_lly_PurchasedInProcessResearchAndDevelopment_17CBE1AA7E65A52A6454325BC1F4D62E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of product rights</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Intangible Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="loc_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0" xlink:to="lab_us-gaap_PaymentsToAcquireIntangibleAssets_6D69BBE154B0011C9B79325BC1F46BB0" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_48B4879DC26ABF6AAEB6325BC1F453E2_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_48B4879DC26ABF6AAEB6325BC1F453E2" 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_48B4879DC26ABF6AAEB6325BC1F453E2_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_48B4879DC26ABF6AAEB6325BC1F453E2" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_48B4879DC26ABF6AAEB6325BC1F453E2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_6EFAD016576FCBB1371B325BC1F495EB_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_6EFAD016576FCBB1371B325BC1F495EB" 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_6EFAD016576FCBB1371B325BC1F495EB_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_6EFAD016576FCBB1371B325BC1F495EB" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_6EFAD016576FCBB1371B325BC1F495EB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_154DD6733A32272FE112325BC1F4E151_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_154DD6733A32272FE112325BC1F4E151" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Cash Used in Financing Activities [Abstract]</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_154DD6733A32272FE112325BC1F4E151_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_154DD6733A32272FE112325BC1F4E151" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_154DD6733A32272FE112325BC1F4E151" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_D535672B754B33159ECF325BC1F49264_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_D535672B754B33159ECF325BC1F49264" 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_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_D535672B754B33159ECF325BC1F49264_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_D535672B754B33159ECF325BC1F49264" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_D535672B754B33159ECF325BC1F49264" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84" 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_D46722937BAD35CB42CD325BC1F42C84_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="loc_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84" xlink:to="lab_us-gaap_PaymentsOfDividends_D46722937BAD35CB42CD325BC1F42C84" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2" 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_80DDAF3F9A0B7A373A6D325BC1F459B2_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_80DDAF3F9A0B7A373A6D325BC1F459B2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_E1DD81BE0D9550BBE099325BC1F48D9A_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_E1DD81BE0D9550BBE099325BC1F48D9A" 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>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_E1DD81BE0D9550BBE099325BC1F48D9A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_E1DD81BE0D9550BBE099325BC1F48D9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_E1DD81BE0D9550BBE099325BC1F48D9A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RepaymentsOfLongTermDebt_AD95BD2B36712E352584325BC1F56FF6_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfLongTermDebt_AD95BD2B36712E352584325BC1F56FF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_AD95BD2B36712E352584325BC1F56FF6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_48B359E60A91EAB30B1B325BC1F5FE5C_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_48B359E60A91EAB30B1B325BC1F5FE5C" 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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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_lly_HumulinMember_E58D2E66CD690D67A0E0325BECE82827_documentation_en-US" xlink:label="lab_lly_HumulinMember_E58D2E66CD690D67A0E0325BECE82827" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Humulin [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_HumulinMember" xlink:label="loc_lly_HumulinMember_E58D2E66CD690D67A0E0325BECE82827" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_HumulinMember_E58D2E66CD690D67A0E0325BECE82827" xlink:to="lab_lly_HumulinMember_E58D2E66CD690D67A0E0325BECE82827" xlink:type="arc" />
    <link:label id="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658_terseLabel_en-US" xlink:label="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forteo [Member]</link:label>
    <link:label id="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658_label_en-US" xlink:label="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forteo [Member]</link:label>
    <link:label id="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658_documentation_en-US" xlink:label="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forteo [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_ForteoMember" xlink:label="loc_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:to="lab_lly_ForteoMember_76D912D66A8ED018DBE1325BECE95658" xlink:type="arc" />
    <link:label id="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82_terseLabel_en-US" xlink:label="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trulicity [Member] [Member]</link:label>
    <link:label id="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82_label_en-US" xlink:label="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trulicity [Member] [Member]</link:label>
    <link:label id="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82_documentation_en-US" xlink:label="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trulicity [Member] [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_TrulicityMemberMember" xlink:label="loc_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:to="lab_lly_TrulicityMemberMember_D1A75DCDBE93AA89DA21325BECE90A82" xlink:type="arc" />
    <link:label id="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10_terseLabel_en-US" xlink:label="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Zyprexa [Member]</link:label>
    <link:label id="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10_label_en-US" xlink:label="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zyprexa [Member]</link:label>
    <link:label id="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10_documentation_en-US" xlink:label="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Zyprexa [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_ZyprexaMember" xlink:label="loc_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:to="lab_lly_ZyprexaMember_914EFE2499AA4B494388325BECE9ED10" xlink:type="arc" />
    <link:label id="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE_terseLabel_en-US" xlink:label="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Strattera [Member]</link:label>
    <link:label id="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE_label_en-US" xlink:label="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Strattera [Member]</link:label>
    <link:label id="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE_documentation_en-US" xlink:label="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Strattera [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_StratteraMember" xlink:label="loc_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:to="lab_lly_StratteraMember_A27ADF74E40C7FCA58A7325BECE94ADE" xlink:type="arc" />
    <link:label id="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018_terseLabel_en-US" xlink:label="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Neuroscience [Member]</link:label>
    <link:label id="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018_label_en-US" xlink:label="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Neuroscience [Member]</link:label>
    <link:label id="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018_documentation_en-US" xlink:label="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Neuroscience [Member]</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_OtherNeuroscienceMember" xlink:label="loc_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:to="lab_lly_OtherNeuroscienceMember_5160BD45930763FE5BAA325BECE9F018" xlink:type="arc" />
    <link:label id="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD_terseLabel_en-US" xlink:label="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Neuroscience [Member]</link:label>
    <link:label id="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD_label_en-US" xlink:label="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" 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_0E0599D5FA013807F125325BECE98EDD_documentation_en-US" xlink:label="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue to unaffiliated customers, Neuroscience</link:label>
    <link:loc xlink:href="lly-20160630.xsd#lly_NeuroscienceMember" xlink:label="loc_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" xlink:to="lab_lly_NeuroscienceMember_0E0599D5FA013807F125325BECE98EDD" xlink:type="arc" />
    <link:label id="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F_terseLabel_en-US" xlink:label="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alimta [Member]</link:label>
    <link:label id="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F_label_en-US" xlink:label="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" 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_6A818ADB068699979CD2325BECE95E2F_documentation_en-US" xlink:label="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" 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-20160630.xsd#lly_AlimtaMember" xlink:label="loc_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" xlink:to="lab_lly_AlimtaMember_6A818ADB068699979CD2325BECE95E2F" xlink:type="arc" />
    <link:label id="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1_terseLabel_en-US" xlink:label="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Oncology [Member]</link:label>
    <link:label id="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1_label_en-US" xlink:label="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" 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_323F7F8F95FC71229569325BECEAD0F1_documentation_en-US" xlink:label="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" 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-20160630.xsd#lly_OtherOncologyMember" xlink:label="loc_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" xlink:to="lab_lly_OtherOncologyMember_323F7F8F95FC71229569325BECEAD0F1" xlink:type="arc" />
    <link:label id="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565_terseLabel_en-US" xlink:label="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Oncology [Member]</link:label>
    <link:label id="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565_label_en-US" xlink:label="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" 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_07F5EFD28A88FAA63132325BECEAF565_documentation_en-US" xlink:label="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" 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-20160630.xsd#lly_OncologyMember" xlink:label="loc_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" xlink:to="lab_lly_OncologyMember_07F5EFD28A88FAA63132325BECEAF565" xlink:type="arc" />
    <link:label id="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190_terseLabel_en-US" xlink:label="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cialis [Member]</link:label>
    <link:label id="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190_label_en-US" xlink:label="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" 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_1D1DC442ED70E40280A6325BECEA2190_documentation_en-US" xlink:label="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" 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-20160630.xsd#lly_CialisMember" xlink:label="loc_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" xlink:to="lab_lly_CialisMember_1D1DC442ED70E40280A6325BECEA2190" xlink:type="arc" />
    <link:label id="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4_terseLabel_en-US" xlink:label="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Cardiovascular [Member]</link:label>
    <link:label id="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4_label_en-US" xlink:label="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" 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_15F41E97612AA93251B9325BECEAB3C4_documentation_en-US" xlink:label="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" 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-20160630.xsd#lly_OtherCardiovascularMember" xlink:label="loc_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" xlink:to="lab_lly_OtherCardiovascularMember_15F41E97612AA93251B9325BECEAB3C4" xlink:type="arc" />
    <link:label id="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF_terseLabel_en-US" xlink:label="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Cardiovascular [Member]</link:label>
    <link:label id="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF_label_en-US" xlink:label="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" 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_09DEEBAD3F51AF3B5FCB325BECEADEFF_documentation_en-US" xlink:label="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" 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-20160630.xsd#lly_CardiovascularMember" xlink:label="loc_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" xlink:to="lab_lly_CardiovascularMember_09DEEBAD3F51AF3B5FCB325BECEADEFF" xlink:type="arc" />
    <link:label id="lab_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96_terseLabel_en-US" xlink:label="lab_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cyramza [Member]</link:label>
    <link:label id="lab_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96_label_en-US" xlink:label="lab_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96" 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_6EC7528290915A95A69C325BECEABC96_documentation_en-US" xlink:label="lab_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96" 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-20160630.xsd#lly_CyramzaMember" xlink:label="loc_lly_CyramzaMember_6EC7528290915A95A69C325BECEABC96" xlink:type="locator" />
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