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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 12 Months Ended
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Dec. 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 Components of selected captions in the consolidated balance sheets are as follows (in millions):
| As of December 31,
| 2024 |  | 2023
Inventories |  |  |
Raw materials | $ | 241.1 |  |  | $ | 196.3 |
Work in process | 236.2 |  |  | 195.8 |
Finished products | 609.4 |  |  | 511.4 |
| $ | 1,086.7 |  |  | $ | 903.5 |
Property, plant, and equipment, net |  |  |
Land | $ | 123.9 |  |  | $ | 112.4 |
Buildings and leasehold improvements | 1,339.8 |  |  | 1,189.0 |
Machinery and equipment | 689.4 |  |  | 618.6 |
Software | 83.4 |  |  | 77.1 |
Construction in progress | 244.0 |  |  | 292.5 |
| 2,480.5 |  |  | 2,289.6 |
Accumulated depreciation | (794.5) |  |  | (698.6) |
| $ | 1,686.0 |  |  | $ | 1,591.0 |
Other assets |  |  |
Tax receivable (Note 19) | $ | 293.9 |  |  | $ | — |
Notes and other receivables | 129.3 |  |  | 155.1 |
Acquisition options | 147.1 |  |  | 161.3 |
Long-term prepaid royalties | 101.6 |  |  | 109.9 |
Fair value of derivatives | 34.7 |  |  | 23.4 |
Other long-term assets | 15.0 |  |  | 13.5 |
| $ | 721.6 |  |  | $ | 463.2 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 358.6 |  |  | $ | 316.4 |
Accrued rebates | 139.3 |  |  | 123.5 |
Property, payroll, and other taxes | 88.1 |  |  | 53.8 |
Research and development accruals | 74.1 |  |  | 71.6 |
Legal and insurance (Notes 3 and 20) | 26.8 |  |  | 28.9 |
Litigation settlement | 73.8 |  |  | 69.1 |
Taxes payable | 286.6 |  |  | 52.7 |
Fair value of derivatives | 8.3 |  |  | 15.2 |
Accrued marketing expenses | 13.8 |  |  | 13.7 |
Accrued professional services | 20.1 |  |  | 8.5 |
Accrued realignment reserves | 27.4 |  |  | 6.4 |
Accrued relocation costs | 15.4 |  |  | 16.9 |
Unfavorable contract liability | 53.7 |  |  | — |
Other accrued liabilities | 96.4 |  |  | 79.7 |
| $ | 1,282.4 |  |  | $ | 856.4 |
Supplemental Cash Flow Information (in millions)
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Cash paid during the year for: |  |  |  |  |
Interest | $ | 19.6 |  |  | $ | 19.9 |  |  | $ | 19.3 |
Income taxes (a) (Note 19) | $ | 1,196.1 |  |  | $ | 470.1 |  |  | $ | 504.1 |
Amounts included in the measurement of operating lease liabilities | $ | 28.0 |  |  | $ | 25.7 |  |  | $ | 25.0 |
Non-cash investing and financing transactions: |  |  |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 42.8 |  |  | $ | 27.3 |  |  | $ | 23.4 |
Capital expenditures accruals | $ | 44.1 |  |  | $ | 43.6 |  |  | $ | 41.0 |
______________________________________ (a) Includes cash paid for income taxes from discontinued operations of $29.7 million, $25.2 million, and $37.4 million for the years ended December 31, 2024, 2023, and 2022, respectively. Cash, Cash Equivalents, and Restricted Cash (in millions)
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Continuing operations |  |  |  |  |
Cash and cash equivalents | $ | 3,045.2 |  |  | $ | 1,132.3 |  |  | $ | 761.5 |
Restricted cash included in other current assets | 3.2 |  |  | 3.3 |  |  | 0.5 |
Restricted cash included in other assets | 0.8 |  |  | 0.7 |  |  | 3.1 |
Total | $ | 3,049.2 |  |  | $ | 1,136.3 |  |  | $ | 765.1 |
Discontinued operations |  |  |  |  |
Cash and cash equivalents | $ | 9.6 |  |  | $ | 11.7 |  |  | $ | 7.5 |
Total | $ | 9.6 |  |  | $ | 11.7 |  |  | $ | 7.5 |
Total cash, cash equivalents, and restricted cash | $ | 3,058.8 |  |  | $ | 1,148.0 |  |  | $ | 772.6 |
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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