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Inventory

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

Inventory, net of reserves, consisted of (in millions):

			June 30, 2025						December 31, 2024
Raw materials			$	72.0					$	90.9
Work in process			4.8						4.1
Finished goods			328.4						220.5
Inventory			$	405.2					$	315.5

The excess and obsolete inventory reserve was $146.4 million and $144.8 million as of June 30, 2025 and December 31, 2024, respectively. Inventory write-downs related to excess and obsolete inventory were immaterial during the three and six months ended June 30, 2025, respectively, and were $10.7 million and $28.8 million during the three and six

months ended June 30, 2024, respectively. These were recorded in cost of product revenue on the condensed consolidated statements of income.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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