| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Inventories | | | | | Finished products | $ | 941.0 | | | $ | 555.4 | | | Raw materials | 1,259.2 | | | 680.6 | | | Work in process | 322.5 | | | 220.5 | | | Total inventories | $ | 2,522.7 | | | $ | 1,456.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Property, plant and equipment, net(1) | | | | | Machinery and equipment | $ | 1,056.2 | | | $ | 874.1 | | | Buildings | 428.2 | | | 408.7 | | | Land | 44.3 | | | 42.1 | | | Construction in progress | 239.3 | | | 123.3 | | | Property, plant and equipment, at cost | 1,768.0 | | | 1,448.2 | | | Less: Accumulated depreciation | (583.8) | | | (526.4) | | | Property, plant and equipment, net | $ | 1,184.2 | | | $ | 921.8 | |
(1) Property, plant and equipment, net in the United States was $492.9 and $340.7 as of June 30, 2026 and December 31, 2025, respectively. | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Accrued expenses and other liabilities | | | | | Accrued payroll and other employee compensation | $ | 182.8 | | | $ | 173.2 | | Contingent consideration liability (see Note 3) | 222.5 | | | — | | Restructuring (see Note 5) | 21.6 | | | 44.2 | | | Operating lease liabilities | 82.0 | | | 69.7 | | | Product warranty | 52.7 | | | 43.2 | | | Other | 499.8 | | | 441.3 | | | Total | $ | 1,061.4 | | | $ | 771.6 | |
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