v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,844.3 $ 1,391.9
Investments 1,030.0 1,050.0
Accounts receivable, net of allowances 836.3 830.7
Inventories 437.5 417.0
Prepaid expenses 149.7 152.5
Other current assets 285.3 323.9
Total current assets 4,583.1 4,166.0
Property, plant and equipment, net 203.1 199.9
Operating lease assets 55.8 58.9
Intangible assets, net 4,203.8 4,429.5
Goodwill 1,805.0 1,829.3
Deferred tax assets, net 907.0 869.1
Deferred financing costs 7.1 7.6
Other non-current assets 94.7 99.0
Total assets 11,859.6 11,659.3
Current liabilities:    
Accounts payable 100.0 122.1
Accrued liabilities 1,022.4 1,034.2
Current portion of long-term debt 1,030.5 1,029.9
Income taxes payable 93.7 56.3
Total current liabilities 2,246.6 2,242.5
Long-term debt, less current portion 4,324.2 4,328.4
Operating lease liabilities, less current portion 47.3 50.9
Deferred tax liabilities, net 547.7 594.5
Other non-current liabilities 161.5 124.4
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Ordinary shares 0.0 0.0
Non-voting euro deferred shares 0.1 0.1
Capital redemption reserve 0.5 0.5
Additional paid-in capital 4,243.5 4,240.5
Accumulated other comprehensive loss (651.0) (568.6)
Retained earnings 939.2 646.1
Total shareholders’ equity 4,532.3 4,318.6
Total liabilities and shareholders’ equity $ 11,859.6 $ 11,659.3