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Note 13 - Other Financial Statement Captions

12 Months Ended

Dec. 31, 2024

Additional Financial Information Disclosure [Text Block]

Note 13 — Other Financial Statement Captions

Other current assets on our Consolidated Balance Sheets at December 31, 2024 and 2023, are composed of the following (in millions):

	*December 31,*
	*2024*		*2023*
Prepaid expenses	$	82.3	$	69.9
Current corporation tax		7.4		26.5
Derivatives (including collateral and margin)		25.6		41.5
Other current assets		19.2		36.6
Total other current assets	$	134.5	$	174.5

Other non-current assets on our Consolidated Balance Sheets of $190.2 million and $187.6 million as of December 31, 2024 and 2023, respectively, primarily relate to operating leases, capitalized cloud services implementation costs and equity-method investments.

Accounts payable and accrued liabilities on our Consolidated Balance Sheets at December 31, 2024 and 2023, comprise the following (in millions):

	*December 31,*
	*2024*		*2023*
Accrued distribution commissions	$	71.2	$	58.6
Accrued rebates		17.9		17.2
Other accrued liabilities		62.6		63.6
Total other accrued liabilities	$	151.7	$	139.4
Current corporation tax (including interest)	19.2			11.9
Operating and financing leases		16.6		23.1
Derivatives		8.6		17.5
Other current liabilities		70.0		39.5
Total accounts payable and accrued liabilities	$	266.1	$	231.4

Other non-current liabilities on our Consolidated Balance Sheets at December 31, 2024 and 2023, comprise the following (in millions):

	*December 31,*
	*2024*		*2023*
Non-current tax liabilities (including interest)	$	26.9	$	22.9
Operating leases		74.9		54.8
Contingent consideration		29.4		—
Other non-current liabilities		10.7		12.0
Total other non-current liabilities	$	141.9	$	89.7

Other non-current liabilities include provisions for retirement obligations of leased office space and deferred compensation for certain members of the board of directors.

Other non-operating income (expense), net on our Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022, comprise the following (in millions):

	*Year ended December 31,*
	*2024*			*2023*			*2022*
Foreign currency remeasurement gains (losses)	$	(4.1	)	$	(2.9	)	$	8.2
Reclassification of foreign currency translation to net income		(138.1	)		(4.7	)		4.1
Interest income		52.3			44.7			7.7
Other		3.3			(24.5	)		(8.5	)
Total other non-operating income (expense), net	$	(86.6	)	$	12.6		$	11.5