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BUSINESS COMBINATIONS (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of consideration transferred and the fair values of the assets acquired and liabilities assumed (in millions):
Cash consideration paid at closing |  | $ | 650.3 |  |
Settlement of pre-existing relationships |  | 53.1 |  |
Fair value of previously held equity interest |  | 94.6 |  |
Fair value of contingent consideration |  | 2.0 |  |
Total purchase price |  | 800.0 |  |
Less: cash acquired |  | (1.2) |  |
Total purchase price, net of cash acquired |  | $ | 798.8 |  |
Current assets |  | $ | 7.7 |  |
Property and equipment, net |  | 12.6 |  |
Goodwill |  | 412.0 |  |
In-process research and development |  | 69.0 |  |
Developed technology |  | 385.0 |  |
Operating lease right-of-use assets |  | 9.9 |  |
Other assets |  | 0.7 |  |
Liabilities assumed |  | (26.3) |  |
Deferred tax liabilities |  | (70.6) |  |
Net assets acquired |  | 800.0 |  |
Less: cash acquired |  | (1.2) |  |
Total purchase price, net of cash acquired |  | $ | 798.8 |  |
The following table summarizes the fair value of consideration transferred and the fair values of the assets acquired and liabilities assumed (in millions):
Cash consideration paid at closing |  | $ | 114.8 |  |
Fair value of contingent consideration |  | 1.8 |  |
Total purchase price |  | 116.6 |  |
Less: cash acquired |  | (0.3) |  |
Total purchase price, net of cash acquired |  | $ | 116.3 |  |
Current assets |  | $ | 0.3 |  |
Property and equipment, net |  | 0.3 |  |
Goodwill |  | 46.9 |  |
In-process research and development |  | 86.6 |  |
Current liabilities assumed |  | (1.0) |  |
Deferred tax liabilities |  | (16.5) |  |
Net assets acquired |  | 116.6 |  |
Less: cash acquired |  | (0.3) |  |
Total purchase price, net of cash acquired |  | $ | 116.3 |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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