| 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, net | June 30, 2026 | | December 31, 2025 | | Trade accounts receivable, net | $ | 1,433.4 | | | $ | 1,357.7 | | | | | | | | | | | Unbilled accounts receivable and other | 268.7 | | | 196.3 | | | Sales returns and allowances | (28.9) | | | (26.7) | | | Total accounts receivable, net | $ | 1,673.2 | | | $ | 1,527.3 | |
| | | | | | | | | | | | | As of | | Inventory | June 30, 2026 | | December 31, 2025 | | Raw materials | $ | 608.2 | | | $ | 561.1 | | | Work-in-process | 332.3 | | | 287.9 | | | Finished goods | 1,088.2 | | | 991.0 | | | Total inventory | $ | 2,028.7 | | | $ | 1,840.0 | |
| | | | | | | | | | | | | As of | | Prepaids and other current assets | June 30, 2026 | | December 31, 2025 | | Net investment in sales-type leases – short-term | $ | 101.5 | | | $ | 100.9 | | | Prepaid taxes | 179.4 | | | 15.3 | | | | | | | Other prepaids and other current assets | 343.7 | | | 361.1 | | | | | | | | | | | Total prepaids and other current assets | $ | 624.6 | | | $ | 477.3 | |
| | | | | | | | | | | | | As of | | Other accrued liabilities – short-term | June 30, 2026 | | December 31, 2025 | | Income and other taxes payable | $ | 165.3 | | | $ | 125.4 | | | Accrued construction-related capital expenditures | 59.8 | | | 58.3 | | | | | | | | | | | | | | | | | | | Other accrued liabilities | 445.5 | | | 412.3 | | | Total other accrued liabilities – short-term | $ | 670.6 | | | $ | 596.0 | |
| | | | | | | | | | | | | As of | | Other long-term liabilities | June 30, 2026 | | December 31, 2025 | Income taxes payable – long-term | $ | 242.3 | | | $ | 193.6 | | | Deferred revenue – long-term | 112.6 | | | 91.4 | | | Other long-term liabilities | 301.1 | | | 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 | | | | | |
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