v3.26.1
Inventories
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following (in millions): 
June 30,
2026
December 31,
2025
Raw materials$35.5 $22.0 
Work in process297.4 253.4 
Finished goods110.1 141.6 
Total inventories$443.0 $417.0 
As of December 31, 2025, inventories included $54.1 million related to the purchase accounting inventory fair value step-up on inventory acquired as part of our GW Acquisition. During the six months ended June 30, 2026, this fair value step-up was fully recognized in cost of product sales, and no related balance remained in inventory as of June 30, 2026.