v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 571.1 $ 564.9
Accounts receivable, net of allowance for doubtful accounts of $13.9 and $16.5, respectively 935.1 685.9
Inventories, net 822.8 736.8
Prepaid expenses and other current assets 192.3 139.4
Current assets held for sale 0.0 1,357.5
Total current assets 2,521.3 3,484.5
Property, plant and equipment, net of accumulated depreciation of $719.5 and $710.2, respectively 337.7 342.2
Goodwill 2,926.6 2,867.3
Other intangible assets, net 1,114.2 1,216.2
Deferred income taxes 521.1 537.7
Other noncurrent assets 322.5 299.6
Total assets 7,743.4 8,747.5
Liabilities and Stockholders' Deficit    
Accounts payable 531.2 370.7
Accrued and other liabilities 627.0 613.7
Current liabilities held for sale 0.0 245.3
Total current liabilities 1,158.2 1,229.7
Long-term debt 7,249.7 9,238.4
Deferred income taxes 93.6 99.4
Other noncurrent liabilities 421.2 408.8
Total liabilities 8,922.7 10,976.3
Commitments and contingencies
Series A convertible preferred stock, $0.01 par value 1,261.3 1,227.3
Stockholders' deficit:    
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,261,310 and 1,227,328, respectively, Series A convertible preferred stock 0.0 0.0
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 221,451,007 and 215,887,001, respectively 2.4 2.3
Additional paid-in capital 2,496.7 2,514.2
Accumulated deficit (4,508.7) (5,324.5)
Accumulated other comprehensive loss (116.5) (344.5)
Treasury stock, at cost: 17,505,567 shares and 15,647,303 shares, respectively (314.5) (303.6)
Total stockholders' deficit (2,440.6) (3,456.1)
Total liabilities and stockholders' deficit $ 7,743.4 $ 8,747.5