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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 3 Months Ended
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Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS Composition of Certain Financial Statement Captions (in millions) Components of selected captions in the consolidated condensed balance sheets consisted of the following:
| March 31, 2023 |  | December 31, 2022
Inventories |  |  |
Raw materials | $ | 164.6 |  |  | $ | 156.4 |
Work in process | 206.4 |  |  | 177.4 |
Finished products | 543.3 |  |  | 541.7 |
| $ | 914.3 |  |  | $ | 875.5 |
At March 31, 2023 and December 31, 2022, $146.1 million and $128.6 million, respectively, of the Company's finished products inventories were held on consignment.
| March 31, 2023 |  | December 31, 2022
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 225.8 |  |  | $ | 268.7 |
Taxes payable | 120.8 |  |  | 50.6 |
Property, payroll, and other taxes | 53.6 |  |  | 45.6 |
Research and development accruals | 67.7 |  |  | 66.9 |
Accrued rebates | 112.3 |  |  | 116.1 |
Fair value of derivatives | 23.4 |  |  | 20.7 |
Accrued marketing expenses | 13.2 |  |  | 17.0 |
Legal and insurance | 29.1 |  |  | 28.1 |
Intellectual property agreements (a) | 95.4 |  |  | 53.3 |
Accrued relocation costs | 26.2 |  |  | 25.2 |
Accrued professional services | 10.6 |  |  | 6.6 |
Accrued realignment reserves | 14.8 |  |  | 15.6 |
Other accrued liabilities | 83.2 |  |  | 80.6 |
| $ | 876.1 |  |  | $ | 795.0 |
_______________________________________ (a) As of March 31, 2023, $95.4 million was accrued in "Accrued and other liabilities" and $130.1 million was accrued in "Litigation agreement accrual" on the consolidated condensed balance sheet related to intellectual property agreements with Abbott Laboratories and its direct and indirect subsidiaries, and Medtronic, Inc. Supplemental Cash Flow Information (in millions)
| Three Months Ended March 31,
| 2023 |  | 2022
Cash paid during the year for: |  |  |
Amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 7.1 |  |  | $ | 7.6 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 2.2 |  |  | $ | 6.4 |
Capital expenditures accruals | $ | 26.5 |  |  | $ | 23.8 |
Cash, Cash Equivalents, and Restricted Cash (in millions)
| March 31, 2023 |  | December 31, 2022 |
Cash and cash equivalents | $ | 872.5 |  |  | $ | 769.0 |  |
Restricted cash included in other current assets | 0.6 |  |  | 0.5 |  |
Restricted cash included in other assets | 3.3 |  |  | 3.1 |  |
Total cash, cash equivalents, and restricted cash | $ | 876.4 |  |  | $ | 772.6 |  |
Amounts included in restricted cash primarily represent funds placed in escrow related to litigation.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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