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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable, Net
 As of
Accounts receivable, netJune 30,
2025
December 31,
2024
Trade accounts receivable, net$1,132.0 $1,117.2 
Unbilled accounts receivable and other160.1 138.7 
Sales returns and allowances(22.9)(30.5)
Total accounts receivable, net$1,269.2 $1,225.4 
Inventory
As of
InventoryJune 30,
2025
December 31,
2024
Raw materials$525.4 $563.9 
Work-in-process230.8 205.7 
Finished goods910.8 717.6 
Total inventory$1,667.0 $1,487.2 
Prepaids and Other Current Assets
As of
Prepaids and other current assetsJune 30,
2025
December 31,
2024
Net investment in sales-type leases – short-term$125.0 $131.4 
Other prepaids and other current assets358.2 253.7 
Total prepaids and other current assets$483.2 $385.1 
Other Accrued Liabilities - Short-term
As of
Other accrued liabilities – short-termJune 30,
2025
December 31,
2024
Income and other taxes payable$93.7 $154.4 
Accrued construction-related capital expenditures55.7 57.2 
Other accrued liabilities355.7 335.9 
Total other accrued liabilities – short-term$505.1 $547.5 
Other Long-term Liabilities
As of
Other long-term liabilitiesJune 30,
2025
December 31,
2024
Income taxes – long-term$249.9 $239.0 
Deferred revenue – long-term71.8 54.1 
Other long-term liabilities195.8 175.2 
Total other long-term liabilities$517.5 $468.3 
Supplemental Cash Flow Information
The following table provides supplemental non-cash investing and financing activities (in millions):
Six Months Ended June 30,
20252024
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment$357.2 $246.8 
Acquisition of property, plant, and equipment in accounts payable and accrued liabilities$74.8 $184.2 
Schedule of Cash and Cash Equivalents The following table provides details of total cash, cash equivalents, and restricted cash as of the periods presented (in millions):
As of
June 30,
2025
December 31,
2024
Cash and cash equivalents
$3,403.1 $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
$3,446.5 $2,062.4