CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 862.8	$ 1,183.2
Short-term investments (Note 7)	604.0	219.4
Accounts receivable, net of allowances of $9.3 and $9.6, respectively	582.2	514.6
Other receivables	82.7	88.2
Inventories (Note 5)	726.7	802.3
Prepaid expenses	85.2	75.1
Other current assets	237.1	208.2
Total current assets	3,180.7	3,091.0
Long-term investments (Note 7)	1,834.2	801.6
Property, plant, and equipment, net (Note 5)	1,546.6	1,395.2
Operating lease right-of-use assets (Note 6)	92.1	94.2
Goodwill (Note 9)	1,167.9	1,173.2
Other intangible assets, net (Note 9)	323.6	331.4
Deferred income taxes	246.7	230.9
Other assets	110.8	119.6
Total assets	8,502.6	7,237.1
Current liabilities
Accounts payable	204.5	196.5
Accrued and other liabilities (Note 5)	802.3	670.2
Operating lease liabilities (Note 6)	25.5	27.2
Total current liabilities	1,032.3	893.9
Long-term debt (Note 10)	595.7	595.0
Contingent consideration liabilities (Notes 8 and 11)	62.0	186.1
Taxes payable (Note 17)	190.0	215.3
Operating lease liabilities (Note 6)	69.1	72.7
Uncertain tax positions (Note 17)	259.0	214.4
Litigation settlement accrual (Note 3)	191.3	233.0
Other liabilities	267.3	252.4
Total liabilities	2,666.7	2,662.8
Commitments and contingencies (Notes 6, 10, and 18)
Stockholders' equity (Notes 14 and 21)
Preferred stock, $0.01 par value, authorized 50.0 shares, no shares outstanding	0.0	0.0
Common stock, $1.00 par value, 1,050.0 shares authorized, 642.0 and 636.4 shares issued, and 624.1 and 624.3 shares outstanding, respectively	642.0	636.4
Additional paid-in capital	1,700.4	1,438.1
Retained earnings	6,068.1	4,565.0
Accumulated other comprehensive loss	(157.7)	(161.1)
Treasury stock, at cost, 17.9 and 12.1 shares, respectively	(2,416.9)	(1,904.1)
Total stockholders' equity	5,835.9	4,574.3
Total liabilities and stockholders' equity	$ 8,502.6	$ 7,237.1

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).