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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION
Balance Sheet Details
The following tables provide details of selected Condensed Consolidated Balance Sheet line items (in millions):
 As of
Accounts receivable, netJune 30,
2024
December 31,
2023
Trade accounts receivable, net$1,002.6 $1,042.2 
Unbilled accounts receivable and other124.4 105.0 
Sales returns and allowances(17.9)(17.0)
Total accounts receivable, net$1,109.1 $1,130.2 
As of
InventoryJune 30,
2024
December 31,
2023
Raw materials$483.5 $454.7 
Work-in-process182.6 159.9 
Finished goods717.8 606.0 
Total inventory$1,383.9 $1,220.6 
As of
Prepaids and other current assetsJune 30,
2024
December 31,
2023
Net investment in sales-type leases – short-term$134.1 $137.3 
Other prepaids and other current assets270.0 176.7 
Total prepaids and other current assets$404.1 $314.0 
As of
Other accrued liabilities – short-termJune 30,
2024
December 31,
2023
Income and other taxes payable$85.9 $111.4 
Accrued construction-related capital expenditures169.2 143.3 
Other accrued liabilities282.8 332.8 
Total other accrued liabilities – short-term$537.9 $587.5 
As of
Other long-term liabilitiesJune 30,
2024
December 31,
2023
Income taxes – long-term$195.4 $233.8 
Deferred revenue – long-term43.5 45.6 
Other long-term liabilities127.0 106.1 
Total other long-term liabilities$365.9 $385.5 
Supplemental Cash Flow Information
The following table provides supplemental non-cash investing and financing activities (in millions):
Six Months Ended June 30,
20242023
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment$246.8 $198.5 
Acquisition of property, plant, and equipment in accounts payable and accrued liabilities$184.2 $138.2