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BUSINESS COMBINATIONS (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair value of the previously held interest in the VIE, noncontrolling interest and the fair values of the identifiable assets acquired and liabilities assumed (in millions):
Option |  | $ | 42.0 |
Notes |  | 70.0 |
Preferred shares |  | 56.6 |
Other |  | 3.7 |
Fair value of Edwards’s investment held in the Consolidated VIE before the business combination |  | 172.3 |
Fair value of noncontrolling interest(a) |  | 112.4 |
Total |  | $ | 284.7 |
Identifiable assets acquired and liabilities assumed: |  |
Current assets |  | $ | 3.1 |
Property, plant, and equipment, net |  | 2.9 |
In-process research and development |  | 161.5 |
Other assets |  | 1.7 |
Liabilities assumed |  | (7.9) |
Deferred tax liabilities |  | (16.2) |
Fair value of net assets acquired |  | $ | 145.1 |
Goodwill |  | $ | 139.6 |
_______________________________________________________________________________ (a) Includes the fair value of the noncontrolling interest of $154.4 million, offset by the purchase consideration allocated to the option of $42.0 million, which was ascribed to the noncontrolling interest. The fair value of the noncontrolling interest was estimated by applying an income approach and the option value was estimated using an Option Pricing Model. The following table summarizes the preliminary fair value of consideration transferred and the fair values of the assets acquired and liabilities assumed (in millions):
Cash consideration |  | $ | 35.1 |
Fair value of previously held interest in Autus |  | 76.7 |
Fair value of contingent consideration(a) |  | 7.9 |
Settlement of pre-existing relationships |  | 5.4 |
Holdback(a) |  | 3.8 |
Total purchase price |  | $ | 128.9 |
Goodwill |  | $ | 52.0 |
In-process research and development |  | 102.9 |
Liabilities assumed, net |  | (0.8) |
Deferred tax liabilities |  | (25.2) |
Total purchase price, net of cash acquired |  | $ | 128.9 |
_______________________________________________________________________________ (a) Represents non-cash investing and financing activities

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- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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