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BUSINESS COMBINATION (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):
Assets$8.1 
Goodwill133.2 
In-process research and development136.6 
Liabilities assumed(1.7)
Deferred tax liabilities(28.0)
Fair value of net assets acquired248.2 
Less: Noncontrolling interest (a)
(72.4)
Total purchase price
175.8 
Less: cash acquired(6.8)
Total purchase price, net of cash acquired (b)
$169.0 
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(a) Includes the fair value of the noncontrolling interest of $94.4 million, offset by the purchase consideration allocated to the option of $22.0 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.