v3.26.1
BALANCE SHEETS INFORMATION (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accounts receivable, net    
Accounts receivable $ 3,601.1 $ 3,366.2
Allowance for expected credit losses and other accruals (148.4) (116.8)
Total 3,452.7 3,249.4
Inventories    
Finished goods 1,060.8 962.1
Raw materials and parts 684.9 620.3
Inventories at FIFO cost 1,745.7 1,582.4
FIFO cost to LIFO cost difference (101.8) (92.0)
Total 1,643.9 1,490.4
Other current assets    
Prepaid assets 171.6 159.5
Taxes receivable 242.2 229.8
Derivative assets 2.0 2.6
Contract assets 157.1 117.4
Other 215.0 60.3
Total 787.9 569.6
Property, plant and equipment, net    
Land 148.1 149.2
Buildings and leasehold improvements 1,274.7 1,242.6
Machinery and equipment 2,606.0 2,496.4
Dispensing and monitoring equipment 3,286.5 3,193.1
Capitalized software 1,245.2 1,176.8
Construction in progress 945.0 858.1
Property, plant and equipment, gross 9,505.5 9,116.2
Accumulated depreciation (5,059.7) (4,839.6)
Total 4,445.8 4,276.6
Intangible assets subject to amortization    
Other intangible assets, gross 5,376.7 5,444.2
Accumulated amortization (3,157.6) (2,985.7)
Net intangible assets subject to amortization 2,219.1 2,458.5
Total 3,449.1 3,688.5
Other assets    
Deferred income taxes 199.0 181.0
Pension 199.4 184.3
Derivative asset 8.8 2.9
Other 438.6 414.5
Total 845.8 782.7
Other current liabilities    
Discounts and rebates 522.4 528.4
Dividends payable 204.6 205.9
Interest payable 86.3 64.8
Taxes payable, other than income 192.5 179.5
Derivative liability 49.6 5.4
Restructuring 92.0 102.5
Contract liability 204.9 173.0
Operating lease liabilities $ 165.9 $ 164.7
Operating Lease, Liability, Current, Statement of Financial Position Flag Total Total
Other $ 344.9 $ 313.3
Total 1,863.1 1,737.5
Accumulated other comprehensive income (loss)    
Unrealized gain (loss) on derivative financial instruments, net of tax 17.2 (4.0)
Unrecognized pension and postretirement benefit expense, net of tax (487.8) (495.5)
Cumulative translation, net of tax (1,175.7) (1,374.8)
Total [1] (1,646.3) (1,874.3)
Customer relationships    
Intangible assets subject to amortization    
Other intangible assets, gross 3,738.2 3,827.3
Accumulated amortization (2,190.6) (2,077.3)
Patents    
Intangible assets subject to amortization    
Other intangible assets, gross 519.9 516.1
Accumulated amortization (380.9) (367.4)
Trademarks    
Intangible assets subject to amortization    
Other intangible assets, gross 423.9 420.6
Accumulated amortization (291.4) (272.0)
Other technologies    
Intangible assets subject to amortization    
Other intangible assets, gross 694.7 680.2
Accumulated amortization (294.7) (269.0)
Trade names    
Intangible assets not subject to amortization    
Trade names $ 1,230.0 $ 1,230.0
[1] Common stock, 800.0 shares authorized, $1.00 par value per share, 280.3 shares outstanding as of June 30, 2026 and 282.0 shares outstanding as of December 31, 2025. Shares outstanding are net of treasury stock.