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OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS | 6 Months Ended
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Jun. 30, 2026
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 condensed consolidated balance sheets consisted of the following:
| June 30, 2026 |  | December 31, 2025
Inventories |  |  |
Raw materials | $ | 210.5 |  |  | $ | 196.6 |
Work in process | 234.8 |  |  | 252.9 |
Finished products | 685.9 |  |  | 676.7 |
| $ | 1,131.2 |  |  | $ | 1,126.2 |
At June 30, 2026 and December 31, 2025, $221.9 million and $225.1 million, respectively, of the Company's finished products inventories were held on consignment.
| June 30, 2026 |  | December 31, 2025
Other assets |  |  |
Tax receivable (Note 15) | $ | 412.1 |  |  | $ | 314.8 |
Notes and other receivables | 68.8 |  |  | 173.7 |
Acquisition options | 11.7 |  |  | 125.9 |
Long-term prepaid royalties | 89.2 |  |  | 93.3 |
Fair value of derivatives | 14.6 |  |  | 5.8 |
Other long-term assets | 20.0 |  |  | 16.7 |
| $ | 616.4 |  |  | $ | 730.2 |
Accrued and other liabilities |  |  |
Employee compensation and withholdings | $ | 372.9 |  |  | $ | 467.5 |
Taxes payable | 192.9 |  |  | 192.5 |
Accrued rebates | 163.5 |  |  | 156.6 |
Liability under transition services agreement | 113.9 |  |  | 123.4 |
Property, payroll, and other taxes | 77.6 |  |  | 84.9 |
Legal and insurance accrual | 72.4 |  |  | 164.2 |
Research and development accruals | 69.0 |  |  | 69.2 |
Unfavorable contract liability | 20.3 |  |  | 27.2 |
Accrued realignment reserves | 19.5 |  |  | 23.4 |
Contingent consideration | 7.5 |  |  | — |
Fair value of derivatives | 6.3 |  |  | 25.3 |
Litigation settlement | — |  |  | 50.0 |
Other accrued liabilities | 157.5 |  |  | 177.5 |
| $ | 1,273.3 |  |  | $ | 1,561.7 |
Supplemental Cash Flow Information (in millions)
| Six Months Ended June 30,
| 2026 |  | 2025
Cash paid during the year for: |  |  |
Income taxes (Note 15) | $ | 105.4 |  |  | $ | 375.7 |
Amounts included in the measurement of operating lease liabilities | $ | 15.0 |  |  | $ | 14.5 |
Non-cash investing and financing transactions: |  |  |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 11.6 |  |  | $ | 8.7 |
Capital expenditures accruals | $ | 34.6 |  |  | $ | 31.9 |
Cash, Cash Equivalents, and Restricted Cash (in millions)
| June 30, 2026 |  | December 31, 2025
Cash and cash equivalents | $ | 2,906.5 |  |  | $ | 2,938.0 |
Restricted cash included in other current assets | 2.4 |  |  | 0.5 |
Restricted cash included in other assets | 0.8 |  |  | 1.0 |
Total cash, cash equivalents, and restricted cash | $ | 2,909.7 |  |  | $ | 2,939.5 |

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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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