BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION

Balance Sheet Details

The following tables provide details of selected balance sheet items (in millions):



	As of
Inventory	June 30, 2018		December 31, 2017
Raw materials	$	129.5	$	80.9
Work-in-process	35.9		19.7
Finished goods	166.1		140.6
Total inventory	$	331.5	$	241.2



	As of
Other accrued liabilities - short-term	June 30, 2018		December 31, 2017
Taxes payable	$	17.9	$	63.1
Litigation related accruals	59.8		13.8
Other accrued liabilities	86.4		92.0
Total other accrued liabilities—short-term	$	164.1	$	168.9



	As of
Other long-term liabilities	June 30, 2018		December 31, 2017
Income taxes—long-term	$	262.5	$	286.8
Deferred revenue—long-term	30.1		24.8
Other long-term liabilities	21.4		22.0
Total other long-term liabilities	$	314.0	$	333.6

Goodwill and Intangible Assets

The increases in goodwill and intangible assets from December 31, 2017, to June 30, 2018, primarily relate to the termination of the Company’s India distribution relationship with Vattikuti Technologies Pvt. Ltd. and acquisition of certain assets related to that distribution business on May 25, 2018, that collectively met the definition of a business and was accounted for as a business combination. The transaction enhances the Company’s ability to serve patients, surgeons, and hospitals in India.

The purchase consideration consisted of a cash payment of $38.1 million, which was preliminarily allocated to net tangible assets of $4.1 million, goodwill of $9.8 million, and intangible assets of $24.2 million related to reacquired distribution rights, customer relationships, and a non-compete agreement, which are being amortized over a weighted average period of 4.3 years.

The Company has included the results of the Indian operations post the date of acquisition in its Financial Statements, which have not been material to date. Pro forma results of operations related to the acquisition have not been presented since the operating results of the acquired business are not material to the Company’s Financial Statements.

Supplemental Cash Flow Information

The following table provides supplemental non-cash investing activities (in millions):



	Six Months Ended June 30,
	2018		2017
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment	$	49.0	$	29.6