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Balance Sheet Details (Tables) | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Short-Term Marketable Securities | Short-term marketable securities, consisting of available-for-sale debt securities, were as follows as of the dates indicated:
| December 31, 2022
(In millions) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Market Value
Debt securities, available-for-sale: |  |  |  |  |  |  |
U.S. government agencies (1) | $ | 1,535.1 |  |  | $ | 0.2 |  |  | $ | (4.6) |  |  | $ | 1,530.7 |
Commercial paper | 119.6 |  |  | — |  |  | (0.2) |  |  | 119.4 |
Corporate debt | 164.3 |  |  | — |  |  | (0.5) |  |  | 163.8 |
Supranationals | — |  |  | — |  |  | — |  |  | — |
Total debt securities, available-for-sale | $ | 1,819.0 |  |  | $ | 0.2 |  |  | $ | (5.3) |  |  | $ | 1,813.9 |
| December 31, 2021
(In millions) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Market Value
Debt securities, available-for-sale: |  |  |  |  |  |  |
U.S. government agencies | $ | 1,212.1 |  |  | $ | — |  |  | $ | (1.5) |  |  | $ | 1,210.6 |
Commercial paper | 189.8 |  |  | — |  |  | (0.1) |  |  | 189.7 |
Corporate debt | 224.6 |  |  | — |  |  | (0.3) |  |  | 224.3 |
Supranationals | 54.1 |  |  | — |  |  | (0.1) |  |  | 54.0 |
Total debt securities, available-for-sale | $ | 1,680.6 |  |  | $ | — |  |  | $ | (2.0) |  |  | $ | 1,678.6 |
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
Schedule of Accounts Receivable |
| December 31,
(In millions) | 2022 |  | 2021
Accounts receivable | $ | 720.6 |  |  | $ | 519.7 |
Less allowance for doubtful accounts | (7.3) |  |  | (5.4) |
Total accounts receivable, net | $ | 713.3 |  |  | $ | 514.3 |
Schedule of Inventory |
| December 31,
(In millions) | 2022 |  | 2021
Raw materials | $ | 159.0 |  |  | $ | 145.2 |
Work-in-process | 17.2 |  |  | 16.2 |
Finished goods | 130.5 |  |  | 195.9 |
Total inventory | $ | 306.7 |  |  | $ | 357.3 |
Schedule of Prepaid and Other Current Assets |
Prepaid and Other Current Assets
| December 31,
(In millions) | 2022 |  | 2021
Prepaid expenses | $ | 48.9 |  |  | $ | 39.8 |
Prepaid inventory | 67.8 |  |  | 12.1 |
Income tax receivables | 38.9 |  |  | 2.3 |
Other current assets | 37.0 |  |  | 27.4 |
Total prepaid and other current assets | $ | 192.6 |  |  | $ | 81.6 |
Schedule of Property and Equipment |
| December 31,
(In millions) | 2022 |  | 2021
Land (1) | $ | 26.9 |  |  | $ | 15.6 |
Building (1) | 54.3 |  |  | 49.1 |
Furniture and fixtures | 32.6 |  |  | 30.7 |
Computer software and hardware | 48.8 |  |  | 52.7 |
Machinery and equipment | 449.2 |  |  | 272.9 |
Leasehold improvements | 264.4 |  |  | 251.6 |
Construction in progress | 542.6 |  |  | 360.7 |
Total cost | 1,418.8 |  |  | 1,033.3 |
Less accumulated depreciation and amortization | (363.2) |  |  | (231.5) |
Total property and equipment, net | $ | 1,055.6 |  |  | $ | 801.8 |
(1) Represents finance lease right-of-use assets.
Schedule of Intangible Assets and Weighted Average Amortization Period | The following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible asset balances as of December 31, 2022 and December 31, 2021
|  |  |  | December 31, 2022
(Dollars in millions) |  | Weighted Average Useful Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Verily intangible asset (1) |  | 5.3 |  | $ | 152.4 |  |  | $ | (2.4) |  |  | $ | 150.0 |
Customer relationships |  | 3.3 |  | 24.1 |  |  | (8.7) |  |  | 15.4 |
Acquired technology and intellectual property (2) |  | 1.7 |  | 14.6 |  |  | (9.6) |  |  | 5.0 |
Trademarks and trade name |  | 3.5 |  | 4.2 |  |  | (1.3) |  |  | 2.9 |
Intangibles, other |  | 0.0 |  | 0.2 |  |  | (0.2) |  |  | — |
Total |  | 4.9 |  | $ | 195.5 |  |  | $ | (22.2) |  |  | $ | 173.3 |
(1) See Note 2 “Development and Other Agreements” to the consolidated financial statements in Part II, Item 8 of this Annual Report for more information. (2) Excludes Verily intangible asset.
|  |  |  |  | December 31, 2021
(Dollars in millions) |  | Weighted Average Useful Life (in years) |  |  |  |  |  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | 4.5 |  |  |  |  |  |  | $ | 22.9 |  |  | $ | (3.5) |  |  | $ | 19.4 |
Acquired technology and intellectual property |  | 2.7 |  |  |  |  |  |  | 15.2 |  |  | (7.1) |  |  | 8.1 |
Trademarks and trade name |  | 4.5 |  |  |  |  |  |  | 4.4 |  |  | (0.5) |  |  | 3.9 |
Intangibles, other |  | 1.1 |  |  |  |  |  |  | 0.3 |  |  | (0.2) |  |  | 0.1 |
Total |  | 4.0 |  |  |  |  |  |  | $ | 42.8 |  |  | $ | (11.3) |  |  | $ | 31.5 |
Schedule of Finite-Lived Intangible Assets Amortization Expense | The following table presents the total amortization expense of finite-lived intangible assets for the twelve months ended December 31, 2022, 2021 and 2020:
| Twelve Months Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Amortization expense included in cost of sales | $ | 4.3 |  |  | $ | 1.9 |  |  | $ | 0.6 |
Amortization expense included in operating expenses | 7.5 |  |  | 3.7 |  |  | 2.5 |
Total amortization of intangible assets | $ | 11.8 |  |  | $ | 5.6 |  |  | $ | 3.1 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents estimated future amortization of the Company’s finite-lived intangible assets as of December 31, 2022:
(In millions) |  |
2023 |  | 37.3 |
2024 |  | 35.8 |
2025 |  | 33.2 |
2026 |  | 31.3 |
2027 |  | 28.6 |
Thereafter |  | 7.1 |
Total |  | $ | 173.3 |
Schedule of Accounts Payable and Accrued Liabilities |
| December 31,
| 2022 |  | 2021
(In millions) |  |  | As Adjusted
Accounts payable trade | $ | 237.9 |  |  | $ | 189.4 |
Accrued tax, audit, and legal fees | 44.8 |  |  | 40.6 |
Accrued rebates | 556.4 |  |  | 260.5 |
Accrued warranty | 12.8 |  |  | 12.9 |
Contractual obligations | — |  |  | 15.0 |
Other accrued liabilities | 49.9 |  |  | 54.6 |
Total accounts payable and accrued liabilities | $ | 901.8 |  |  | $ | 573.0 |
Schedule of Accrued Payroll and Related Expenses |
| December 31,
(In millions) | 2022 |  | 2021
Accrued wages, bonus and taxes | $ | 96.8 |  |  | $ | 91.8 |
Other accrued employee benefits | 37.5 |  |  | 33.4 |
Total accrued payroll and related expenses | $ | 134.3 |  |  | $ | 125.2 |
Schedule of Accrued Warranty | Reconciliations of our accrued warranty costs for the twelve months ended December 31, 2022, 2021 and 2020 were as follows:
| Twelve Months Ended December 31, |  |
(In millions) | 2022 |  | 2021 |  | 2020 |  |  |  |
Beginning balance | $ | 12.9 |  |  | $ | 11.7 |  |  | $ | 7.4 |  |  |  |  |
Charges to costs and expenses | 43.0 |  |  | 41.5 |  |  | 41.3 |  |  |  |  |
Costs incurred | (43.1) |  |  | (40.3) |  |  | (37.0) |  |  |  |  |
Ending balance | $ | 12.8 |  |  | $ | 12.9 |  |  | $ | 11.7 |  |  |  |  |
Schedule of Other Long-Term Liabilities |
| December 31,
(In millions) | 2022 |  | 2021
Finance lease obligations | $ | 59.6 |  |  | $ | 57.0 |
Deferred revenue, long-term | 19.0 |  |  | 16.1 |
Deferred tax liabilities | 4.9 |  |  | 5.9 |
Other tax liabilities | 32.7 |  |  | 2.8 |
Other liabilities | 12.1 |  |  | 8.2 |
Total other long-term liabilities | $ | 128.3 |  |  | $ | 90.0 |

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