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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 9 Months Ended
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Sep. 30, 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:
| September 30, 2024 |  | December 31, 2023
Inventories |  |  |
Raw materials | $ | 248.8 |  |  | $ | 196.3 |
Work in process | 244.4 |  |  | 195.8 |
Finished products | 611.0 |  |  | 511.4 |
| $ | 1,104.2 |  |  | $ | 903.5 |
At September 30, 2024 and December 31, 2023, $187.8 million and $164.6 million, respectively, of the Company's finished products inventories were held on consignment.
| September 30, 2024 |  | December 31, 2023
Other assets |  |  |
Tax receivable (Note 16) | $ | 293.7 |  |  | $ | — |
Notes and other receivables | 132.9 |  |  | 155.1 |
Acquisition options | 117.5 |  |  | 161.3 |
Long-term prepaid royalties | 103.7 |  |  | 109.9 |
Fair value of derivatives | 21.8 |  |  | 23.4 |
Other long-term assets | 13.9 |  |  | 13.5 |
| $ | 683.5 |  |  | $ | 463.2 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 312.1 |  |  | $ | 316.4 |
Taxes payable (Note 5) | 715.1 |  |  | 52.7 |
Property, payroll, and other taxes | 83.7 |  |  | 53.8 |
Research and development accruals | 79.0 |  |  | 71.6 |
Accrued rebates | 140.0 |  |  | 123.5 |
Fair value of derivatives | 24.3 |  |  | 15.2 |
Accrued marketing expenses | 14.5 |  |  | 13.7 |
Legal and insurance | 29.5 |  |  | 28.9 |
Litigation settlement | 75.1 |  |  | 69.1 |
Accrued relocation costs | 16.2 |  |  | 16.9 |
Accrued professional services | 62.2 |  |  | 8.5 |
Accrued realignment reserves | 39.6 |  |  | 6.4 |
Unfavorable contract liability | 66.0 |  |  | — |
Other accrued liabilities | 88.0 |  |  | 79.7 |
| $ | 1,745.3 |  |  | $ | 856.4 |
Supplemental Cash Flow Information (in millions)
| Nine Months Ended September 30,
| 2024 |  | 2023
Cash paid during the year for: |  |  |
Income taxes (a) (Note 16) | $ | 633.8 |  |  | $ | 219.1 |
Amounts included in the measurement of operating lease liabilities | $ | 21.0 |  |  | $ | 19.1 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 38.9 |  |  | $ | 19.9 |
Capital expenditures accruals | $ | 22.9 |  |  | $ | 32.5 |
______________________________________ (a) Includes cash paid for income taxes from discontinued operations of $29.7 million and $22.7 million for the nine months ended September 30, 2024 and 2023, respectively. Cash, Cash Equivalents, and Restricted Cash (in millions)
| September 30, 2024 |  | December 31, 2023 |
Continuing operations |  |  |  |
Cash and cash equivalents | $ | 3,676.4 |  |  | $ | 1,132.3 |  |
Restricted cash included in other current assets | 3.2 |  |  | 3.3 |  |
Restricted cash included in other assets | 0.9 |  |  | 0.7 |  |
Total | $ | 3,680.5 |  |  | $ | 1,136.3 |  |
Discontinued operations |  |  |  |
Cash and cash equivalents | $ | 2.9 |  |  | $ | 11.7 |  |
Total | $ | 2.9 |  |  | $ | 11.7 |  |
Total cash, cash equivalents, and restricted cash | $ | 3,683.4 |  |  | $ | 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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