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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 9 Months Ended
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Sep. 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:
| September 30, 2025 |  | December 31, 2024
Inventories |  |  |
Raw materials | $ | 222.8 |  |  | $ | 241.1 |
Work in process | 275.9 |  |  | 236.2 |
Finished products | 642.2 |  |  | 609.4 |
| $ | 1,140.9 |  |  | $ | 1,086.7 |
At September 30, 2025 and December 31, 2024, $216.3 million and $181.7 million, respectively, of the Company's finished products inventories were held on consignment.
| September 30, 2025 |  | December 31, 2024
Other assets |  |  |
Tax receivable (Note 14) | $ | 303.9 |  |  | $ | 293.9 |
Notes and other receivables | 227.3 |  |  | 129.3 |
Acquisition options | 129.9 |  |  | 147.1 |
Long-term prepaid royalties | 95.7 |  |  | 101.6 |
Fair value of derivatives | 5.1 |  |  | 34.7 |
Other long-term assets | 22.9 |  |  | 15.0 |
| $ | 784.8 |  |  | $ | 721.6 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 437.4 |  |  | $ | 358.6 |
Accrued rebates | 158.2 |  |  | 139.3 |
Taxes payable | 129.5 |  |  | 286.6 |
Legal and insurance accrual | 104.9 |  |  | 26.8 |
Property, payroll, and other taxes | 93.5 |  |  | 88.1 |
Liability under transition services agreement | 84.4 |  |  | — |
Research and development accruals | 75.3 |  |  | 74.1 |
Litigation settlement | 64.8 |  |  | 73.8 |
Fair value of derivatives | 34.5 |  |  | 8.3 |
Unfavorable contract liability | 33.2 |  |  | 53.7 |
Accrued professional services | 21.2 |  |  | 20.1 |
Accrued realignment reserves | 19.6 |  |  | 27.4 |
Accrued marketing expenses | 17.7 |  |  | 13.8 |
Accrued relocation costs | 15.3 |  |  | 15.4 |
Other accrued liabilities | 104.4 |  |  | 96.4 |
| $ | 1,393.9 |  |  | $ | 1,282.4 |
Supplemental Cash Flow Information (in millions)
| Nine Months Ended September 30,
| 2025 |  | 2024
Cash paid during the year for: |  |  |
Income taxes (a) (Note 14) | $ | 458.0 |  |  | $ | 633.8 |
Amounts included in the measurement of operating lease liabilities | $ | 21.9 |  |  | $ | 21.0 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 13.3 |  |  | $ | 38.9 |
Capital expenditures accruals | $ | 30.6 |  |  | $ | 22.9 |
______________________________________ (a) Includes $29.7 million of cash paid for income taxes from discontinued operations for the nine months ended September 30, 2024. No cash was paid for income taxes from discontinued operations for the nine months ended September 30, 2025. Cash, Cash Equivalents, and Restricted Cash (in millions)
| September 30, 2025 |  | December 31, 2024
Continuing operations |  |  |
Cash and cash equivalents | $ | 2,685.6 |  |  | $ | 3,045.2 |
Restricted cash included in other current assets | 0.7 |  |  | 3.2 |
Restricted cash included in other assets | 1.0 |  |  | 0.8 |
Total | $ | 2,687.3 |  |  | $ | 3,049.2 |
Discontinued operations |  |  |
Cash and cash equivalents | $ | 7.5 |  |  | $ | 9.6 |
Total | $ | 7.5 |  |  | $ | 9.6 |
Total cash, cash equivalents, and restricted cash | $ | 2,694.8 |  |  | $ | 3,058.8 |
Amounts included in restricted cash primarily represent funds placed in escrow related to litigation. Intangible Assets In August 2025, the Company recorded a $40.0 million charge related to the full impairment of certain developed technology assets due to management’s determination that the assets are no longer expected to generate future economic benefit. The impairment was recognized in Intangible Assets Impairment Charges within operating income on the consolidated condensed statement of operations during the three and nine months ended September 30, 2025. There were no intangible assets impairment charges recognized during the three and nine months ended September 30, 2024.

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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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