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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables) | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Components of Selected Captions in the Consolidated Balance Sheets | Components of selected captions in the consolidated balance sheets are as follows:
| As of December 31,
| 2023 |  | 2022
| (in millions)
Inventories |  |  |
Raw materials | $ | 252.6 |  |  | $ | 156.4 |
Work in process | 220.1 |  |  | 177.4 |
Finished products | 695.5 |  |  | 541.7 |
| $ | 1,168.2 |  |  | $ | 875.5 |
Property, plant, and equipment, net |  |  |
Land | $ | 116.4 |  |  | $ | 116.3 |
Buildings and leasehold improvements | 1,234.2 |  |  | 1,189.2 |
Machinery and equipment | 775.8 |  |  | 697.6 |
Equipment with customers | 37.9 |  |  | 37.4 |
Software | 87.2 |  |  | 87.5 |
Construction in progress | 355.3 |  |  | 255.2 |
| 2,606.8 |  |  | 2,383.2 |
Accumulated depreciation | (857.4) |  |  | (750.4) |
| $ | 1,749.4 |  |  | $ | 1,632.8 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 371.2 |  |  | $ | 268.7 |
Accrued rebates | 131.4 |  |  | 116.1 |
Property, payroll, and other taxes | 63.0 |  |  | 45.6 |
| As of December 31,
| 2023 |  | 2022
| (in millions)
Research and development accruals | 74.1 |  |  | 66.9 |
Legal and insurance (Notes 3 and 19) | 30.7 |  |  | 28.1 |
Litigation settlement | 69.1 |  |  | 53.3 |
Taxes payable | 59.3 |  |  | 50.6 |
Fair value of derivatives | 15.2 |  |  | 20.7 |
Accrued marketing expenses | 15.0 |  |  | 17.0 |
Accrued professional services | 8.8 |  |  | 6.6 |
Accrued realignment reserves | 12.3 |  |  | 15.6 |
Accrued relocation costs | 19.2 |  |  | 25.2 |
Accrued warranties | 10.0 |  | 8.4 |
Other accrued liabilities | 89.8 |  |  | 72.2 |
| $ | 969.1 |  |  | $ | 795.0 |
Schedule of Cash Flow Information | Supplemental Cash Flow Information (in millions)
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash paid during the year for: |  |  |  |  |
Interest | $ | 19.9 |  |  | $ | 19.3 |  |  | $ | 20.2 |
Income taxes | $ | 470.1 |  |  | $ | 504.1 |  |  | $ | 182.5 |
Amounts included in the measurement of operating lease liabilities | $ | 28.8 |  |  | $ | 28.1 |  |  | $ | 31.9 |
Non-cash investing and financing transactions: |  |  |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 29.3 |  |  | $ | 31.9 |  |  | $ | 28.7 |
Capital expenditures accruals | $ | 45.5 |  |  | $ | 42.6 |  |  | $ | 54.3 |
Conversion of notes receivable to equity investment | $ | — |  |  | $ | — |  |  | $ | 21.5 |
Schedule of Cash and Cash Equivalents | Cash, Cash Equivalents, and Restricted Cash (in millions)
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash and cash equivalents | $ | 1,144.0 |  |  | $ | 769.0 |  |  | $ | 862.8 |
Restricted cash included in other current assets | 3.3 |  |  | 0.5 |  |  | 1.5 |
Restricted cash included in other assets | 0.7 |  |  | 3.1 |  |  | 3.1 |
Total cash, cash equivalents, and restricted cash | $ | 1,148.0 |  |  | $ | 772.6 |  |  | $ | 867.4 |
Schedule of Restricted Cash | Cash, Cash Equivalents, and Restricted Cash (in millions)
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash and cash equivalents | $ | 1,144.0 |  |  | $ | 769.0 |  |  | $ | 862.8 |
Restricted cash included in other current assets | 3.3 |  |  | 0.5 |  |  | 1.5 |
Restricted cash included in other assets | 0.7 |  |  | 3.1 |  |  | 3.1 |
Total cash, cash equivalents, and restricted cash | $ | 1,148.0 |  |  | $ | 772.6 |  |  | $ | 867.4 |

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