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Balance Sheet Details and Other Financial Information (Tables)
6 Months Ended
Jun. 30, 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:
June 30, 2024
(In millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$1,234.8 $0.1 $(1.6)$1,233.3 
Commercial paper497.5 — (0.2)497.3 
Corporate debt451.7 — (0.8)450.9 
Total debt securities, available-for-sale$2,184.0 $0.1 $(2.6)$2,181.5 
(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)June 30, 2024December 31, 2023
Raw materials$248.5 $319.5 
Work-in-process64.8 30.0 
Finished goods257.0 210.1 
Total inventory$570.3 $559.6 
Schedule of Prepaid and Other Current Assets
(In millions)June 30, 2024December 31, 2023
Prepaid expenses$69.3 $58.7 
Prepaid inventory22.7 31.5 
Deferred compensation plan assets18.3 15.2 
Income tax receivables53.5 13.6 
Other current assets48.4 49.3 
Total prepaid and other current assets$212.2 $168.3 
Schedule of Property and Equipment
(In millions)June 30, 2024December 31, 2023
Land and land improvements$45.1 $34.5 
Building247.6 190.5 
Furniture and fixtures37.1 36.9 
Computer software and hardware71.2 65.8 
Machinery and equipment796.6 683.3 
Leasehold improvements283.9 283.4 
Construction in progress 284.7 328.1 
Total cost1,766.2 1,622.5 
Less: accumulated depreciation and amortization
(583.1)(509.4)
Total property and equipment, net$1,183.1 $1,113.1 
Schedule of Other Assets
Other Assets
(In millions)June 30, 2024December 31, 2023
Long-term investments$43.6 $38.5 
Long-term deposits14.2 14.4 
Other assets25.1 22.1 
Total other assets$82.9 $75.0 
Schedule of Accounts Payable and Accrued Liabilities
(In millions)
June 30, 2024December 31, 2023
Accounts payable trade$307.0 $276.4 
Accrued tax, audit, and legal fees35.2 42.6 
Accrued rebates 1,165.3 950.7 
Accrued warranty5.9 12.6 
Income tax payable
1.0 7.5 
Deferred compensation plan liabilities18.3 15.2 
Other accrued liabilities 37.1 40.5 
Total accounts payable and accrued liabilities$1,569.8 $1,345.5 
Schedule of Accrued Payroll and Related Expenses
(In millions)June 30, 2024December 31, 2023
Accrued wages, bonus and taxes$78.0 $139.8 
Other accrued employee benefits38.1 31.2 
Total accrued payroll and related expenses$116.1 $171.0 
Schedule of Other Long-Term Liabilities
(In millions)June 30, 2024December 31, 2023
Finance lease obligations
$58.1 $58.6 
Deferred revenue, long-term5.2 7.4 
Asset retirement obligation15.8 15.7 
Other tax liabilities44.2 38.7 
Other liabilities4.8 5.2 
Total other long-term liabilities$128.1 $125.6 
Schedule of Other Income (Expense), Net
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2024202320242023
Interest and dividend income
$36.2 $37.4 $72.5 $59.7 
Interest expense
(4.8)(5.9)(9.4)(10.5)
Other expense, net(1.6)(0.3)(1.9)(0.7)
Total other income (expense), net
$29.8 $31.2 $61.2 $48.5