v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 113.6 $ 613.5
Accounts receivable, net of allowance for doubtful accounts of $0.5 and $1.2, respectively 280.5 273.4
Inventories, net 313.8 238.7
Prepaid expenses and other current assets 230.4 46.0
Current assets held for sale 977.1 4,624.6
Total current assets 1,915.4 5,796.2
Property, plant and equipment, net of accumulated depreciation of $126.7 and $134.7, respectively 46.9 50.3
Goodwill 268.7 268.7
Other intangible assets, net 678.3 719.1
Deferred income taxes 460.2 1,722.3
Other noncurrent assets 127.3 118.4
Noncurrent assets held for sale 0.0 696.0
Total assets 3,496.8 9,371.0
Liabilities and Stockholders' Equity (Deficit)    
Accounts payable 183.3 161.4
Accrued and other liabilities 222.2 306.7
Current liabilities held for sale 340.3 1,027.4
Total current liabilities 745.8 1,495.5
Long-term debt 0.0 7,260.2
Deferred income taxes 66.2 67.3
Other noncurrent liabilities 179.0 153.4
Noncurrent liabilities held for sale 0.0 120.0
Total liabilities 991.0 9,096.4
Commitments and contingencies
Series A convertible preferred stock, $0.01 par value 0.0 1,278.7
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None and 1,278,653 respectively, Series A convertible preferred stock 0.0 0.0
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 230,046,379 and 223,260,316, respectively 2.5 2.4
Additional paid-in capital 2,503.9 2,487.9
Retained earnings (accumulated deficit) 376.7 (3,040.8)
Accumulated other comprehensive income (loss) 0.8 (118.7)
Treasury stock, at cost: 21,614,317 shares and 18,665,426 shares, respectively (378.1) (334.9)
Total stockholders' equity (deficit) 2,505.8 (1,004.1)
Total liabilities and stockholders' equity (deficit) $ 3,496.8 $ 9,371.0