v3.26.1
OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Selected Captions in the Consolidated Balance Sheets
Components of selected captions in the condensed consolidated balance sheets consisted of the following:
June 30,
2026		December 31,
2025
Inventories
Raw materials$210.5 $196.6 
Work in process234.8 252.9 
Finished products685.9 676.7 
$1,131.2 $1,126.2 
Schedule of Accrued and Other Liabilities
June 30,
2026		December 31,
2025
Other assets
Tax receivable (Note 15)
$412.1 $314.8 
Notes and other receivables68.8 173.7 
Acquisition options11.7 125.9 
Long-term prepaid royalties89.2 93.3 
Fair value of derivatives14.6 5.8 
Other long-term assets20.0 16.7 
$616.4 $730.2 
Accrued and other liabilities
Employee compensation and withholdings$372.9 $467.5 
Taxes payable192.9 192.5 
Accrued rebates163.5 156.6 
Liability under transition services agreement113.9 123.4 
Property, payroll, and other taxes77.6 84.9 
Legal and insurance accrual
72.4 164.2 
Research and development accruals69.0 69.2 
Unfavorable contract liability20.3 27.2 
Accrued realignment reserves19.5 23.4 
Contingent consideration
7.5 — 
Fair value of derivatives6.3 25.3 
Litigation settlement— 50.0 
Other accrued liabilities157.5 177.5 
$1,273.3 $1,561.7 
Schedule of Supplemental Cash Flow Information
Supplemental Cash Flow Information
(in millions)
Six Months Ended
June 30,
20262025
Cash paid during the year for:
Income taxes (Note 15)
$105.4 $375.7 
Amounts included in the measurement of operating lease liabilities$15.0 $14.5 
Non-cash investing and financing transactions:
Right-of-use assets obtained in exchange for new lease liabilities$11.6 $8.7 
Capital expenditures accruals$34.6 $31.9 
Schedule of Cash and Cash Equivalents
Cash, Cash Equivalents, and Restricted Cash
(in millions)
June 30,
2026		December 31,
2025
Cash and cash equivalents$2,906.5 $2,938.0 
Restricted cash included in other current assets2.4 0.5 
Restricted cash included in other assets0.8 1.0 
Total cash, cash equivalents, and restricted cash$2,909.7 $2,939.5 
Schedule of Restricted Cash
Cash, Cash Equivalents, and Restricted Cash
(in millions)
June 30,
2026		December 31,
2025
Cash and cash equivalents$2,906.5 $2,938.0 
Restricted cash included in other current assets2.4 0.5 
Restricted cash included in other assets0.8 1.0 
Total cash, cash equivalents, and restricted cash$2,909.7 $2,939.5