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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,030.9 $ 862.8
Short-term investments (Note 3) 465.0 604.0
Accounts receivable, net of allowances of $8.7 and $9.3, respectively 636.3 582.2
Other receivables 49.9 82.7
Inventories (Note 2) 730.6 726.7
Prepaid expenses 94.1 85.2
Other current assets 234.5 237.1
Total current assets 3,241.3 3,180.7
Long-term investments (Note 3) 1,623.7 1,834.2
Property, plant, and equipment, net 1,552.2 1,546.6
Operating lease right-of-use assets 90.1 92.1
Goodwill 1,166.3 1,167.9
Other intangible assets, net 322.0 323.6
Deferred income taxes 294.9 246.7
Other assets 129.4 110.8
Total assets 8,419.9 8,502.6
Current liabilities    
Accounts payable 158.8 204.5
Accrued and other liabilities (Note 2) 767.2 802.3
Operating lease liabilities 23.9 25.5
Total current liabilities 949.9 1,032.3
Long-term debt 595.9 595.7
Contingent consideration liabilities (Note 4) 59.1 62.0
Taxes payable 190.0 190.0
Operating lease liabilities 68.4 69.1
Uncertain tax positions 270.7 259.0
Litigation settlement accrual 181.3 191.3
Other liabilities 259.7 267.3
Total liabilities 2,575.0 2,666.7
Commitments and contingencies (Note 8)
Stockholders' equity    
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, 642.9 and 642.0 shares issued, and 621.4 and 624.1 shares outstanding, respectively 642.9 642.0
Additional paid-in capital 1,769.4 1,700.4
Retained earnings 6,441.7 6,068.1
Accumulated other comprehensive loss (Note 9) (186.6) (157.7)
Treasury stock, at cost, 21.5 and 17.9 shares, respectively (2,822.5) (2,416.9)
Total stockholders' equity 5,844.9 5,835.9
Total liabilities and stockholders' equity $ 8,419.9 $ 8,502.6