v3.26.1
BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION FINANCIAL STATEMENT DETAILS
Balance Sheet Details
The following tables provide details of selected Condensed Consolidated Balance Sheet line items (in millions):
 As of
Accounts receivable, netJune 30,
2026
December 31,
2025
Trade accounts receivable, net$1,433.4 $1,357.7 
Unbilled accounts receivable and other268.7 196.3 
Sales returns and allowances(28.9)(26.7)
Total accounts receivable, net$1,673.2 $1,527.3 
As of
InventoryJune 30,
2026
December 31,
2025
Raw materials$608.2 $561.1 
Work-in-process332.3 287.9 
Finished goods1,088.2 991.0 
Total inventory$2,028.7 $1,840.0 
As of
Prepaids and other current assetsJune 30,
2026
December 31,
2025
Net investment in sales-type leases – short-term$101.5 $100.9 
Prepaid taxes179.4 15.3 
Other prepaids and other current assets343.7 361.1 
Total prepaids and other current assets$624.6 $477.3 
As of
Other accrued liabilities – short-termJune 30,
2026
December 31,
2025
Income and other taxes payable$165.3 $125.4 
Accrued construction-related capital expenditures59.8 58.3 
Other accrued liabilities445.5 412.3 
Total other accrued liabilities – short-term$670.6 $596.0 
As of
Other long-term liabilitiesJune 30,
2026
December 31,
2025
Income taxes payable – long-term
$242.3 $193.6 
Deferred revenue – long-term112.6 91.4 
Other long-term liabilities301.1 225.8 
Total other long-term liabilities$656.0 $510.8 
Restricted Cash
Amounts included in restricted cash primarily relate to the Company’s insurance programs and certain employee-related benefits. The following table provides details of total cash, cash equivalents, and restricted cash as of the periods presented (in millions):
As of
June 30,
2026
December 31,
2025
Cash and cash equivalents
$2,760.4 $3,368.0 
Restricted cash within other current assets
30.3 24.4 
Restricted cash within other assets
15.0 15.0 
Total cash, cash equivalents, and restricted cash
$2,805.7 $3,407.4