OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS

Composition of Certain Financial Statement Captions

Components of selected captions in the consolidated balance sheets are as follows:


	As of December 31,
	2022		2021
	(in millions)
Inventories
Raw materials	$	156.4	$	132.8
Work in process	177.4		164.3
Finished products	541.7		429.6
	$	875.5	$	726.7
Property, plant, and equipment, net
Land	$	116.3	$	116.5
Buildings and leasehold improvements	1,189.2		1,010.1
Machinery and equipment	697.6		613.4
Equipment with customers	37.4		39.2
Software	87.5		88.2
Construction in progress	255.2		333.8
	2,383.2		2,201.2
Accumulated depreciation	(750.4)		(654.6)
	$	1,632.8	$	1,546.6

Accrued and other liabilities
Employee compensation and withholdings	$	268.7	$	319.7
Accrued rebates	116.1		77.0
Property, payroll, and other taxes	45.6		68.9
Research and development accruals	66.9		58.2
Legal and insurance (Notes 3 and 18)	81.4		79.1
Taxes payable	50.6		30.6



Fair value of derivatives	20.7		3.9
Accrued marketing expenses	17.0		20.1
Accrued professional services	6.6		11.9
Accrued realignment reserves	15.6		19.1
Accrued relocation costs	25.2		26.2
Other accrued liabilities	80.6		87.6
	$	795.0	$	802.3

Supplemental Cash Flow Information

(in millions)


	Years Ended December 31,
	2022		2021		2020
Cash paid during the year for:
Interest	$	19.3	$	20.2	$	19.9
Income taxes	$	504.1	$	182.5	$	197.9
Amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	28.1	$	31.9	$	29.7
Non-cash investing and financing transactions:


Right-of-use assets obtained in exchange for new lease liabilities	$	31.9	$	28.7	$	39.7
Capital expenditures accruals	$	42.6	$	54.3	$	80.4

Conversion of notes receivable to equity investment	$	—	$	21.5	$	4.5

Cash, Cash Equivalents, and Restricted Cash

(in millions)


	Years Ended December 31,
	2022		2021		2020
Cash and cash equivalents	$	769.0	$	862.8	$	1,183.2
Restricted cash included in other current assets	0.5		1.5		16.6
Restricted cash included in other assets	3.1		3.1		0.4
Total cash, cash equivalents, and restricted cash	$	772.6	$	867.4	$	1,200.2

Amounts included in restricted cash primarily represent funds placed in escrow related to litigation and real estate purchases. Restricted cash as of December 31, 2020 also included funds restricted for construction.