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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION | 3 Months Ended
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Mar. 31, 2025
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, net | March 31, 2025 |  | December 31, 2024
Trade accounts receivable, net | $ | 1,090.5 |  |  | $ | 1,117.2 |
Unbilled accounts receivable and other | 155.0 |  |  | 138.7 |
Sales returns and allowances | (24.0) |  |  | (30.5) |
Total accounts receivable, net | $ | 1,221.5 |  |  | $ | 1,225.4 |
| As of
Inventory | March 31, 2025 |  | December 31, 2024
Raw materials | $ | 549.7 |  |  | $ | 563.9 |
Work-in-process | 230.2 |  |  | 205.7 |
Finished goods | 773.7 |  |  | 717.6 |
Total inventory | $ | 1,553.6 |  |  | $ | 1,487.2 |
| As of
Prepaids and other current assets | March 31, 2025 |  | December 31, 2024
Net investment in sales-type leases – short-term | $ | 127.9 |  |  | $ | 131.4 |
Other prepaids and other current assets | 243.5 |  |  | 253.7 |
Total prepaids and other current assets | $ | 371.4 |  |  | $ | 385.1 |
| As of
Other accrued liabilities – short-term | March 31, 2025 |  | December 31, 2024
Income and other taxes payable | $ | 58.0 |  |  | $ | 154.4 |
Accrued construction-related capital expenditures | 78.2 |  |  | 57.2 |
Other accrued liabilities | 319.7 |  |  | 335.9 |
Total other accrued liabilities – short-term | $ | 455.9 |  |  | $ | 547.5 |
| As of
Other long-term liabilities | March 31, 2025 |  | December 31, 2024
Income taxes – long-term | $ | 231.8 |  |  | $ | 239.0 |
Deferred revenue – long-term | 63.6 |  |  | 54.1 |
Other long-term liabilities | 179.2 |  |  | 175.2 |
Total other long-term liabilities | $ | 474.6 |  |  | $ | 468.3 |
Supplemental Cash Flow Information The following table provides supplemental non-cash investing and financing activities (in millions):
| Three Months Ended March 31,
| 2025 |  | 2024
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment | $ | 165.2 |  |  | $ | 110.7 |
Acquisition of property, plant, and equipment in accounts payable and accrued liabilities | $ | 97.8 |  |  | $ | 177.9 |
Restricted Cash Amounts included in restricted cash primarily relate to the Company’s insurance programs and certain employee-related benefits. The following table provides details of total cash, cash equivalents, and restricted cash as of the periods presented (in millions):
| As of
| March 31, 2025 |  | December 31, 2024
Cash and cash equivalents | $ | 2,573.8 |  |  | $ | 2,027.4 |
Restricted cash within other current assets | 28.4 |  |  | 20.0 |
Restricted cash within other assets | 15.0 |  |  | 15.0 |
Total cash, cash equivalents, and restricted cash | $ | 2,617.2 |  |  | $ | 2,062.4 |

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