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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 622.1 $ 687.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83.6 74.7
Non-cash operating lease cost 13.1 12.5
Stock-based compensation (Note 10) 87.6 77.7
Deferred income taxes 190.7 (45.2)
Gain on remeasurement of previously held interest upon business combinations (Note 7) (85.1) 0.0
Loss on impairment (Note 6) 163.6 47.1
Other (10.3) 8.3
Changes in operating assets and liabilities:    
Accounts and other receivables, net (128.1) (68.6)
Inventories (25.1) 41.5
Accounts payable and accrued liabilities (223.4) 0.3
Income taxes 53.9 (189.2)
Prepaid expenses and other current assets 20.8 (3.3)
Intellectual property agreement accrual (50.0) (49.2)
Other (17.7) (23.9)
Net cash provided by operating activities 695.7 570.6
Cash flows from investing activities    
Capital expenditures (131.8) (105.3)
Investments in unconsolidated affiliates (13.4) (48.3)
Purchases of held-to-maturity investments (Note 5) (18.3) (18.8)
Proceeds from held-to-maturity investments (Note 5) 18.4 32.0
Purchases of available-for-sale investments (Note 5) (1,199.4) (1,258.8)
Proceeds from available-for-sale investments (Note 5) 1,152.7 1,439.7
Payment for working capital adjustment for sale of product group (Note 4) 0.0 (36.3)
Business combinations, net of cash (Note 7) (33.7) 0.0
Payment for acquisition options 0.0 (17.0)
Issuances of notes receivable (53.2) (70.6)
Other (7.3) (3.4)
Net cash used in investing activities (286.0) (86.8)
Cash flows from financing activities    
Purchases of treasury stock (575.1) (264.1)
Equity forward contract related to accelerated share repurchase agreement (Note 11) 0.0 (50.0)
Proceeds from stock plans 122.7 107.1
Other 0.9 1.7
Net cash used in financing activities (451.5) (205.3)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash 12.0 (47.3)
Net (decrease) increase in cash, cash equivalents, and restricted cash (29.8) 231.2
Cash, cash equivalents, and restricted cash at beginning of period 2,939.5 3,058.8
Cash, cash equivalents, and restricted cash at end of period (Note 2) $ 2,909.7 $ 3,290.0