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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,198.1 $ 862.8
Short-term investments (Note 3) 317.7 604.0
Accounts receivable, net of allowances of $8.6 and $9.3, respectively 636.4 582.2
Other receivables 42.8 82.7
Inventories (Note 2) 740.0 726.7
Prepaid expenses 79.3 85.2
Other current assets 248.8 237.1
Total current assets 3,263.1 3,180.7
Long-term investments (Note 3) 1,490.8 1,834.2
Property, plant, and equipment, net 1,559.9 1,546.6
Operating lease right-of-use assets 84.2 92.1
Goodwill 1,164.1 1,167.9
Other intangible assets, net 320.7 323.6
Deferred income taxes 307.6 246.7
Other assets (Note 4) 234.7 110.8
Total assets 8,425.1 8,502.6
Current liabilities    
Accounts payable 162.5 204.5
Accrued and other liabilities (Note 2) 783.3 802.3
Operating lease liabilities 23.3 25.5
Total current liabilities 969.1 1,032.3
Long-term debt 596.0 595.7
Contingent consideration liabilities (Note 5) 38.2 62.0
Taxes payable 142.9 190.0
Operating lease liabilities 63.5 69.1
Uncertain tax positions 282.4 259.0
Litigation settlement accrual (Note 2) 167.2 191.3
Other liabilities 222.2 267.3
Total liabilities 2,481.5 2,666.7
Commitments and contingencies (Note 9)
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, 645.0 and 642.0 shares issued, and 619.8 and 624.1 shares outstanding, respectively 645.0 642.0
Additional paid-in capital 1,852.5 1,700.4
Retained earnings 6,848.1 6,068.1
Accumulated other comprehensive loss (Note 10) (224.4) (157.7)
Treasury stock, at cost, 25.2 and 17.9 shares, respectively (3,177.6) (2,416.9)
Total stockholders' equity 5,943.6 5,835.9
Total liabilities and stockholders' equity $ 8,425.1 $ 8,502.6