Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2026

The reconciliation of net income (loss) to net cash provided by operating activities is as follows (in millions):


	Three Months Ended
	March 31,
	2026		2025
Net income (loss)	$	(527.1)	$	64.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	40.9		38.1
Reduction in the carrying amount of right-of-use assets	9.7		10.1
Share-based compensation	15.0		15.3

(Gains) losses from change in fair market value of equity securities and loan receivable	738.2		(31.8)


Payments for operating lease liabilities	(10.6)		(11.0)
Decrease in accounts receivable	30.8		37.2
Increase in inventories	(29.9)		(17.9)
Increase in other current assets	(4.8)		(5.6)
Increase in accounts payable and other current liabilities	9.6		29.8
Increase (decrease) in income taxes payable	(10.2)		5.7
Decrease in deferred income taxes	(166.0)		(0.8)
Increase (decrease) in other long-term liabilities	2.0		(4.8)
Other	10.5		1.6
Net cash provided by operating activities	$	108.1	$	129.9

Non-cash investing activities:
Purchased property, plant and equipment	$	6.0	$	3.4
Purchased marketable securities and investments	$	6.6	$	2.7
Sold marketable securities and investments	$	1.7	$	—