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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 3 Months Ended
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Mar. 31, 2024
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, 2024 |  | December 31, 2023
Inventories |  |  |
Raw materials | $ | 280.0 |  |  | $ | 252.6 |
Work in process | 258.6 |  |  | 220.1 |
Finished products | 668.7 |  |  | 695.5 |
| $ | 1,207.3 |  |  | $ | 1,168.2 |
At March 31, 2024 and December 31, 2023, $161.7 million and $164.6 million, respectively, of the Company's finished products inventories were held on consignment.
| March 31, 2024 |  | December 31, 2023
Other assets |  |  |
Tax receivable (Note 14) | $ | 286.4 |  |  | $ | — |
Notes and other receivables | 159.5 |  |  | 155.1 |
Acquisition options | 172.1 |  |  | 161.3 |
Long-term prepaid royalties | 107.8 |  |  | 109.9 |
Fair value of derivatives | 27.9 |  |  | 23.4 |
Other long-term assets | 13.9 |  |  | 14.0 |
| $ | 767.6 |  |  | $ | 463.7 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 237.2 |  |  | $ | 371.2 |
Taxes payable | 85.0 |  |  | 59.3 |
Property, payroll, and other taxes | 71.2 |  |  | 63.0 |
Research and development accruals | 75.7 |  |  | 74.1 |
Accrued rebates | 120.6 |  |  | 131.4 |
Fair value of derivatives | 4.9 |  |  | 15.2 |
Accrued marketing expenses | 14.1 |  |  | 15.0 |
Legal and insurance | 32.9 |  |  | 30.7 |
Litigation settlement | 76.1 |  |  | 69.1 |
Accrued relocation costs | 19.3 |  |  | 19.2 |
Accrued professional services | 15.7 |  |  | 8.8 |
Accrued realignment reserves | 10.2 |  |  | 12.3 |
Accrued warranties | 10.5 |  |  | 10.0 |
Other accrued liabilities | 100.3 |  |  | 89.8 |
| $ | 873.7 |  |  | $ | 969.1 |
Supplemental Cash Flow Information (in millions)
| Three Months Ended March 31,
| 2024 |  | 2023
Cash paid during the year for: |  |  |
Income taxes (Note 14) | $ | 349.2 |  |  | $ | 21.7 |
Amounts included in the measurement of operating lease liabilities | $ | 8.2 |  |  | $ | 7.1 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 13.4 |  |  | $ | 2.2 |
Capital expenditures accruals | $ | 34.3 |  |  | $ | 26.5 |
Cash, Cash Equivalents, and Restricted Cash (in millions)
| March 31, 2024 |  | December 31, 2023 |
Cash and cash equivalents | $ | 1,224.6 |  |  | $ | 1,144.0 |  |
Restricted cash included in other current assets | 3.6 |  |  | 3.3 |  |
Restricted cash included in other assets | 0.8 |  |  | 0.7 |  |
Total cash, cash equivalents, and restricted cash | $ | 1,229.0 |  |  | $ | 1,148.0 |  |
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 -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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