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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 769.0 $ 862.8
Short-term investments (Note 7) 446.3 604.0
Accounts receivable, net of allowances of $7.9 and $9.3, respectively 643.0 582.2
Other receivables 56.1 82.7
Inventories (Note 5) 875.5 726.7
Prepaid expenses 110.0 85.2
Other current assets 195.9 237.1
Total current assets 3,095.8 3,180.7
Long-term investments (Note 7) 1,239.0 1,834.2
Property, plant, and equipment, net (Note 5) 1,632.8 1,546.6
Operating lease right-of-use assets (Note 6) 92.3 92.1
Goodwill (Note 9) 1,164.3 1,167.9
Other intangible assets, net (Note 9) 285.2 323.6
Deferred income taxes 484.0 246.7
Other assets 299.1 110.8
Total assets 8,292.5 8,502.6
Current liabilities    
Accounts payable 201.9 204.5
Accrued and other liabilities (Note 5) 795.0 802.3
Operating lease liabilities (Note 6) 25.5 25.5
Total current liabilities 1,022.4 1,032.3
Long-term debt (Note 10) 596.3 595.7
Contingent consideration liabilities (Notes 8 and 11) 26.2 62.0
Taxes payable (Note 17) 143.4 190.0
Operating lease liabilities (Note 6) 69.5 69.1
Uncertain tax positions (Note 17) 267.5 259.0
Litigation settlement accrual (Note 3) 143.0 191.3
Other liabilities 217.5 267.3
Total liabilities 2,485.8 2,666.7
Commitments and contingencies (Notes 6, 10, and 18)
Stockholders' equity (Note 14)    
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, 646.3 and 642.0 shares issued, and 608.3 and 624.1 shares outstanding, respectively 646.3 642.0
Additional paid-in capital 1,969.3 1,700.4
Retained earnings 7,590.0 6,068.1
Accumulated other comprehensive loss (Note 15) (254.9) (157.7)
Treasury stock, at cost, 38.0 and 17.9 shares, respectively (4,144.0) (2,416.9)
Total stockholders' equity 5,806.7 5,835.9
Total liabilities and stockholders' equity $ 8,292.5 $ 8,502.6