XML 23 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,676.4 $ 1,132.3
Short-term investments (Note 6) 769.7 500.5
Accounts receivable, net of allowances of $12.6 and $8.2, respectively 716.0 771.5
Other receivables 95.5 56.6
Inventories (Note 2) 1,104.2 903.5
Prepaid expenses 114.9 128.8
Other current assets 231.0 224.9
Current assets of discontinued operations (Note 5) 20.0 317.6
Total current assets 6,727.7 4,035.7
Long-term investments (Note 6) 319.6 583.9
Property, plant, and equipment, net 1,675.7 1,591.0
Operating lease right-of-use assets 104.4 84.4
Goodwill 1,605.3 1,145.1
Other intangible assets, net 956.1 399.4
Deferred income taxes 888.4 749.4
Other assets (Note 2) 683.5 463.2
Non-current assets of discontinued operations (Note 5) 10.5 311.1
Total assets 12,971.2 9,363.2
Current liabilities    
Accounts payable 172.8 186.6
Accrued and other liabilities (Note 2) 1,745.3 856.4
Operating lease liabilities 24.2 22.9
Current liabilities of discontinued operations (Note 5) 1.8 129.5
Total current liabilities 1,944.1 1,195.4
Long-term debt 597.5 597.0
Taxes payable 1.1 80.6
Operating lease liabilities 85.0 65.2
Uncertain tax positions 345.6 335.0
Litigation settlement accrual 63.9 94.2
Other liabilities 322.6 251.3
Non-current liabilities of discontinued operations (Note 5) 0.0 25.1
Total liabilities 3,359.8 2,643.8
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.01 par value, authorized 50.0 shares, no shares outstanding           0.0 0.0
Common stock, $1.00 par value, 1,050.0 shares authorized, 654.3 and 650.5 shares issued, and 589.8 and 601.1 shares outstanding, respectively 654.3 650.5
Additional paid-in capital 2,452.1 2,274.4
Retained earnings 12,781.4 8,992.4
Accumulated other comprehensive loss (Note 14) (252.5) (242.8)
Treasury stock, at cost, 64.5 and 49.4 shares, respectively (6,089.7) (5,024.5)
Total Edwards Lifesciences Corporation stockholders' equity 9,545.6 6,650.0
Noncontrolling interest 65.8 69.4
Total stockholders' equity 9,611.4 6,719.4
Total liabilities and equity $ 12,971.2 $ 9,363.2