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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 2. 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:
| June 30, 2025 |  | December 31, 2024
Inventories |  |  |
Raw materials | $ | 249.8 |  |  | $ | 241.1 |
Work in process | 261.4 |  |  | 236.2 |
Finished products | 630.5 |  |  | 609.4 |
| $ | 1,141.7 |  |  | $ | 1,086.7 |
At June 30, 2025 and December 31, 2024, $216.7 million and $181.7 million, respectively, of the Company's finished products inventories were held on consignment.
| June 30, 2025 |  | December 31, 2024
Other assets |  |  |
Tax receivable (Note 14) | $ | 297.8 |  |  | $ | 293.9 |
Notes and other receivables | 205.6 |  |  | 129.3 |
Acquisition options | 111.5 |  |  | 147.1 |
Long-term prepaid royalties | 97.7 |  |  | 101.6 |
Fair value of derivatives | 3.1 |  |  | 34.7 |
Other long-term assets | 27.3 |  |  | 15.0 |
| $ | 743.0 |  |  | $ | 721.6 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 352.7 |  |  | $ | 358.6 |
Taxes payable | 146.3 |  |  | 286.6 |
Accrued rebates | 143.2 |  |  | 139.3 |
Property, payroll, and other taxes | 78.5 |  |  | 88.1 |
Litigation settlement | 77.3 |  |  | 73.8 |
Research and development accruals | 74.4 |  |  | 74.1 |
Liability under transition services agreement | 60.3 |  |  | — |
Fair value of derivatives | 54.2 |  |  | 8.3 |
Unfavorable contract liability | 36.8 |  |  | 53.7 |
Accrued professional services | 28.3 |  |  | 20.1 |
Legal and insurance | 26.4 |  |  | 26.8 |
Accrued realignment reserves | 19.9 |  |  | 27.4 |
Accrued marketing expenses | 16.4 |  |  | 13.8 |
Accrued relocation costs | 14.4 |  |  | 15.4 |
Other accrued liabilities | 85.3 |  |  | 96.4 |
| $ | 1,214.4 |  |  | $ | 1,282.4 |
Supplemental Cash Flow Information (in millions)
| Six Months Ended June 30,
| 2025 |  | 2024
Cash paid during the year for: |  |  |
Income taxes (a) (Note 14) | $ | 375.7 |  |  | $ | 528.9 |
Amounts included in the measurement of operating lease liabilities | $ | 14.5 |  |  | $ | 14.5 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 8.7 |  |  | $ | 24.6 |
Capital expenditures accruals | $ | 31.9 |  |  | $ | 24.1 |
______________________________________ (a) Includes cash paid for income taxes from discontinued operations of $7.1 million for the six months ended June 30, 2024. No cash was paid for income taxes from discontinued operations for the six months ended June 30, 2025. Cash, Cash Equivalents, and Restricted Cash (in millions)
| June 30, 2025 |  | December 31, 2024
Continuing operations |  |  |
Cash and cash equivalents | $ | 3,272.8 |  |  | $ | 3,045.2 |
Restricted cash included in other current assets | 1.2 |  |  | 3.2 |
Restricted cash included in other assets | 1.0 |  |  | 0.8 |
Total | $ | 3,275.0 |  |  | $ | 3,049.2 |
Discontinued operations |  |  |
Cash and cash equivalents | $ | 15.0 |  |  | $ | 9.6 |
Total | $ | 15.0 |  |  | $ | 9.6 |
Total cash, cash equivalents, and restricted cash | $ | 3,290.0 |  |  | $ | 3,058.8 |
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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