v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,619.8 $ 1,391.9
Investments 580.0 1,050.0
Accounts receivable, net of allowances 880.9 830.7
Inventories 443.0 417.0
Prepaid expenses 200.0 152.5
Other current assets 244.5 323.9
Total current assets 3,968.2 4,166.0
Property, plant and equipment, net 212.0 199.9
Operating lease assets 52.1 58.9
Intangible assets, net 4,029.5 4,429.5
Goodwill 1,799.8 1,829.3
Deferred tax assets, net 926.4 869.1
Deferred financing costs 6.6 7.6
Other non-current assets 86.3 99.0
Total assets 11,080.9 11,659.3
Current liabilities:    
Accounts payable 128.5 122.1
Accrued liabilities 1,030.0 1,034.2
Current portion of long-term debt 1,016.4 1,029.9
Income taxes payable 55.9 56.3
Total current liabilities 2,230.8 2,242.5
Long-term debt, less current portion 3,335.0 4,328.4
Operating lease liabilities, less current portion 43.6 50.9
Deferred tax liabilities, net 528.9 594.5
Other non-current liabilities 140.9 124.4
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Ordinary shares 0.0 0.0
Non-voting euro deferred shares 0.1 0.1
Capital redemption reserve 0.5 0.5
Additional paid-in capital 4,331.6 4,240.5
Accumulated other comprehensive loss (662.5) (568.6)
Retained earnings 1,132.0 646.1
Total shareholders’ equity 4,801.7 4,318.6
Total liabilities and shareholders’ equity $ 11,080.9 $ 11,659.3