v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,803.2 $ 1,557.1
Marketable investments 859.1 1,363.2
Accounts receivable, no allowance for 2026 and 2025 310.3 350.2
Inventories, net 193.8 183.1
Other current assets 317.3 248.9
Total current assets 3,483.7 3,702.5
Marketable investments 1,141.1 1,776.7
Goodwill and other intangible assets, net 114.1 116.5
Property, plant, and equipment, net 1,930.1 1,729.7
Deferred tax assets, net 311.6 357.7
Other non-current assets 239.5 196.9
Total assets 7,220.1 7,880.0
Current liabilities:    
Accounts payable and accrued expenses 497.8 488.0
Other current liabilities 110.0 72.6
Total current liabilities 607.8 560.6
Other non-current liabilities 212.0 223.2
Total liabilities 819.8 783.8
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.01, 10,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, par value $0.01, 245,000,000 shares authorized, 78,029,318 and 76,452,253 shares issued, and 42,676,835 and 43,643,165 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 0.8 0.8
Additional paid-in capital 2,895.8 2,798.0
Accumulated other comprehensive (loss) income (16.2) 0.9
Treasury stock, 35,352,483 and 32,809,088 shares as of June 30, 2026 and December 31, 2025, respectively (5,644.9) (4,260.4)
Retained earnings 9,164.8 8,556.9
Total stockholders’ equity 6,400.3 7,096.2
Total liabilities and stockholders’ equity $ 7,220.1 $ 7,880.0