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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 757.4 $ 953.4
Inventories 446.3 430.4
Prepaid expenses 72.6 50.6
Other current assets 120.8 91.5
Total current assets 1,859.4 1,891.3
Property, plant and equipment, net 724.1 723.1
Other intangible assets, net 105.0 98.5
Goodwill 51.6 51.5
Deferred tax assets 100.9 141.8
Other assets 188.3 181.6
Total assets 3,029.3 3,087.7
Current Liabilities    
Accounts payable 48.2 19.8
Current portion of long-term debt 79.9 83.8
Total current liabilities 647.7 528.4
Long-term debt, net 934.9 1,296.1
Other liabilities 62.6 51.7
Total liabilities 1,645.1 1,876.1
Commitments and contingencies (note 12)
Stockholders’ Equity    
Preferred stock, $.001 par value, 5,000,000 authorized; none issued and outstanding 0.0 0.0
Common stock, $.001 par value, 100,000,000 authorized; 70,529,988 and 70,196,031 issued 0.1 0.1
Additional paid-in capital 1,245.8 1,184.4
Accumulated earnings 185.8 40.3
Accumulated other comprehensive income (loss) 12.2 (13.2)
Treasury stock, at cost; 184,300 and — shares (60.5) 0.0
Deferred compensation 0.9 0.0
Total stockholders’ equity 1,384.1 1,211.6
Total liabilities and stockholders’ equity 3,029.3 3,087.7
Nonrelated Party    
Current Assets    
Accounts receivable, net 306.5 252.5
Current Liabilities    
Accrued expenses and other current liabilities 518.7 423.9
Related Party    
Current Assets    
Accounts receivable, net 155.7 113.0
Current Liabilities    
Accrued expenses and other current liabilities $ 0.9 $ 1.0