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Balance Sheet Details and Other Financial Information (Tables)
3 Months Ended
Mar. 31, 2024
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:
March 31, 2024
(In millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$1,432.8 $0.3 $(1.2)$1,431.9 
Commercial paper324.1 — (0.2)323.9 
Corporate debt290.3 0.1 (0.4)290.0 
Total debt securities, available-for-sale$2,047.2 $0.4 $(1.8)$2,045.8 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
December 31, 2023
(In millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$1,611.8 $1.2 $(0.5)$1,612.5 
Commercial paper184.8 — (0.1)184.7 
Corporate debt360.8 0.1 (0.3)360.6 
Total debt securities, available-for-sale$2,157.4 $1.3 $(0.9)$2,157.8 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
Schedule of Inventory
(In millions)March 31, 2024December 31, 2023
Raw materials$301.2 $319.5 
Work-in-process49.8 30.0 
Finished goods238.1 210.1 
Total inventory$589.1 $559.6 
Schedule of Prepaid and Other Current Assets
(In millions)March 31, 2024December 31, 2023
Prepaid expenses$59.4 $58.7 
Prepaid inventory31.7 31.5 
Deferred compensation plan assets18.3 15.2 
Income tax receivables6.2 13.6 
Other current assets40.4 49.3 
Total prepaid and other current assets$156.0 $168.3 
Schedule of Property and Equipment
(In millions)March 31, 2024December 31, 2023
Land and land improvements$43.2 $34.5 
Building216.1 190.5 
Furniture and fixtures36.9 36.9 
Computer software and hardware67.5 65.8 
Machinery and equipment735.1 683.3 
Leasehold improvements283.9 283.4 
Construction in progress 274.9 328.1 
Total cost1,657.6 1,622.5 
Less: accumulated depreciation and amortization
(549.0)(509.4)
Total property and equipment, net$1,108.6 $1,113.1 
Schedule of Other Assets
Other Assets
(In millions)March 31, 2024December 31, 2023
Long-term investments$39.8 $38.5 
Long-term deposits14.4 14.4 
Other assets23.5 22.1 
Total other assets$77.7 $75.0 
Schedule of Accounts Payable and Accrued Liabilities
(In millions)
March 31, 2024December 31, 2023
Accounts payable trade$269.7 $276.4 
Accrued tax, audit, and legal fees43.0 42.6 
Accrued rebates 1,050.1 950.7 
Accrued warranty7.2 12.6 
Income tax payable
11.9 7.5 
Deferred compensation plan liabilities18.3 15.2 
Other accrued liabilities 46.4 40.5 
Total accounts payable and accrued liabilities$1,446.6 $1,345.5 
Schedule of Accrued Payroll and Related Expenses
(In millions)March 31, 2024December 31, 2023
Accrued wages, bonus and taxes$81.3 $139.8 
Other accrued employee benefits29.2 31.2 
Total accrued payroll and related expenses$110.5 $171.0 
Schedule of Other Long-Term Liabilities
(In millions)March 31, 2024December 31, 2023
Finance lease obligations
$57.6 $58.6 
Deferred revenue, long-term7.4 7.4 
Asset retirement obligation15.9 15.7 
Other tax liabilities43.7 38.7 
Other liabilities4.8 5.2 
Total other long-term liabilities$129.4 $125.6 
Schedule of Other Income (Expense), Net
Three Months Ended
March 31,
(In millions)20242023
Interest and dividend income
$36.3 $22.3 
Interest expense
(4.6)(4.6)
Other expense, net
(0.3)(0.4)
Total other income (expense), net
$31.4 $17.3