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ACQUISITION (Tables) | 3 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed (in millions):
Assets |  | $ | 7.5 |  |
Goodwill |  | 143.0 |  |
In-process research and development |  | 150.5 |  |
Liabilities assumed |  | (16.1) |  |
Deferred tax liabilities |  | (25.1) |  |
Fair value of net assets acquired |  | 259.8 |  |
Less: Noncontrolling interest (a) |  | (84.0) |  |
Total purchase price |  | 175.8 |  |
Less: cash acquired |  | (6.8) |  |
Total purchase price, net of cash acquired (b) |  | $ | 169.0 |  |
_______________________________________ (a) Includes the fair value of the noncontrolling interest of $99.0 million offset by the purchase consideration allocated to the option of $15.0 million, which was ascribed to the noncontrolling interest. (b) Includes $22.5 million paid in a previous year under option agreements and $5.3 million for the settlement of a pre-existing note.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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