v3.26.1
Inventories
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of the following:
March 31,
December 31,
(In millions)
2026
2025
Raw materials$630.7 $641.5 
Work-in-process1,524.5 1,641.6 
Finished goods160.5 190.2 
Deferred costs787.9 727.5 
$3,103.6 $3,200.8 
Deferred costs represent the costs of product manufactured and shipped to the Company's collaborators for which recognition of revenue has been deferred.