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Balance Sheet Details and Other Financial Information (Tables)
9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Short-Term Marketable Securities
Our available-for-sale debt securities were as follows as of the dates indicated:
September 30, 2025
(In millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$648.0 $0.7 $(0.1)$648.6 
Commercial paper172.3 — (0.1)172.2 
Corporate debt664.5 1.1 — 665.6 
Total debt securities, available-for-sale$1,484.8 $1.8 $(0.2)$1,486.4 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
December 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)
$1,149.4 $1.3 $(0.6)$1,150.1 
Commercial paper312.2 — (0.1)312.1 
Corporate debt511.1 0.4 (0.4)511.1 
Total debt securities, available-for-sale$1,972.7 $1.7 $(1.1)$1,973.3 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
Schedule of Inventory
Inventory
(In millions)September 30, 2025December 31, 2024
Raw materials$266.0 $327.1 
Work-in-process78.6 28.1 
Finished goods259.5 187.4 
Total inventory$604.1 $542.6 
Schedule of Prepaid and Other Current Assets
Prepaid and Other Current Assets
(In millions)September 30, 2025December 31, 2024
Prepaid expenses$68.9 $87.5 
Deferred compensation plan assets20.5 18.6 
Income tax receivables48.6 27.9 
Indirect tax receivables
11.2 10.6 
Other current assets34.5 29.1 
Total prepaid and other current assets$183.7 $173.7 
Schedule of Property and Equipment
Property and Equipment
(In millions)September 30, 2025December 31, 2024
Building$310.5 $291.0 
Computer software and hardware85.9 76.6 
Furniture and fixtures40.3 40.2 
Land and land improvements56.5 53.1 
Leasehold improvements296.5 293.8 
Machinery and equipment999.4 908.9 
Construction in progress 491.7 354.6 
Total cost2,280.8 2,018.2 
Less: accumulated depreciation and amortization
(809.5)(678.3)
Total property and equipment, net$1,471.3 $1,339.9 
Schedule of Other Assets
Other Assets
(In millions)September 30, 2025December 31, 2024
Non-marketable equity securities
$216.9 $119.3 
Long-term deposits16.8 13.8 
Other assets42.8 39.9 
Total other assets$276.5 $173.0 
Schedule of Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
(In millions)
September 30, 2025December 31, 2024
Accounts payable trade$451.5 $345.3 
Accrued rebates 1,373.3 1,135.9 
Accrued tax, audit, and legal fees21.0 38.4 
Accrued warranty17.3 5.9 
Deferred compensation plan liabilities20.5 18.6 
Income tax payable
6.8 3.9 
Other accrued liabilities 42.0 37.1 
Total accounts payable and accrued liabilities$1,932.4 $1,585.1 
Schedule of Accrued Payroll and Related Expenses
Accrued Payroll and Related Expenses
(In millions)September 30, 2025December 31, 2024
Accrued wages, bonus and taxes$141.9 $74.5 
Other accrued employee benefits28.3 37.5 
Total accrued payroll and related expenses$170.2 $112.0 
Schedule of Other Long-Term Liabilities
Other Long-Term Liabilities
(In millions)September 30, 2025December 31, 2024
Asset retirement obligation$17.6 $17.0 
Finance lease obligations
54.6 58.5 
Other tax liabilities49.5 44.8 
Other liabilities25.7 27.6 
Total other long-term liabilities$147.4 $147.9 
Schedule of Other Income (Expense), Net
Other Income, Net
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2025202420252024
Interest and dividend income
$32.7 $32.0 $89.2 $104.5 
Interest expense
(4.7)(4.7)(14.1)(14.1)
Net gains (losses) on equity investments82.7 0.4 78.1 (1.4)
Other income (expense), net(0.9)(2.3)5.7 (2.4)
Total other income, net
$109.8 $25.4 $158.9 $86.6