v3.26.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis:
June 30, 2026
Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents$3,336.2 $3,336.2 
Marketable equity securities$0.8 $0.8 
Cross currency swaps - net investment hedge$11.9 $11.9 
Liabilities:   
Contingent purchase price obligations$244.8 $244.8 
December 31, 2025
Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents$6,881.1 $6,881.1 
Marketable equity securities$0.9 $0.9 
Cross currency swaps - net investment hedge$7.1 $7.1 
Liabilities:
Contingent purchase price obligations$214.9 214.9 
Changes in Contingent Purchase Price Obligations
Changes in contingent purchase price obligations:
Six Months Ended June 30,
20262025
January 1$214.9 $220.1 
Acquisitions24.8 5.4 
Revaluation and interest8.2 7.3 
Payments(3.3)(41.5)
Foreign currency translation0.2 0.8 
June 30
$244.8 $192.1 
Carrying Amount and Fair Value of Financial Assets and Liabilities
Carrying amount and fair value of our financial assets and liabilities:
 June 30, 2026December 31, 2025
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Assets:    
Cash and cash equivalents$3,336.2 $3,336.2 $6,881.1 $6,881.1 
Marketable equity securities0.8 0.8 0.9 0.9 
Non-marketable equity securities  62.1 62.1 
Cross currency swaps - net investment hedge11.9 11.9 7.1 7.1 
Liabilities:    
Short-term debt$48.8 $48.8 $62.0 $62.0 
Foreign currency derivatives0.2 0.2 — — 
Contingent purchase price obligations244.8 244.8 214.9 214.9 
Long-Term Debt9,953.2 9,624.7 9,054.5 8,818.9