v3.26.3
Balance Sheet Details and Other Financial Information (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Short-Term Marketable Securities
Short-term debt marketable securities, consisting of available-for-sale debt securities were as follows:
September 30, 2026
(In millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$337.3 $— $(1.3)$336.0 
Commercial paper132.8 — (0.2)132.6 
Corporate debt389.8 — (1.9)387.9 
Total debt securities, available-for-sale$859.9 $— $(3.4)$856.5 
(1)Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
December 31, 2025
(In millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$356.6 $0.7 $— $357.3 
Commercial paper123.4 — — 123.4 
Corporate debt599.4 0.9 — 600.3 
Total debt securities, available-for-sale$1,079.4 $1.6 $— $1,081.0 
(1)Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
Schedule of Inventory
Inventory
(In millions)September 30, 2026December 31, 2025
Raw materials$230.5 $257.6 
Work-in-process77.3 105.0 
Finished goods462.9 266.5 
Total inventory$770.7 $629.1 
Schedule of Prepaid and Other Current Assets
Prepaid and Other Current Assets
(In millions)September 30, 2026December 31, 2025
Prepaid expenses$72.4 $66.4 
Deferred compensation plan assets21.8 20.0 
Income tax receivables7.6 60.8 
Indirect tax receivables
11.4 13.0 
Other current assets28.0 29.2 
Total prepaid and other current assets$141.2 $189.4 
Schedule of Property and Equipment
Property and Equipment
(In millions)September 30, 2026December 31, 2025
Building$503.7 $319.7 
Computer software and hardware98.9 87.8 
Furniture and fixtures44.1 41.0 
Land and land improvements66.5 58.3 
Leasehold improvements298.8 302.1 
Machinery and equipment1,174.7 1,016.3 
Construction in progress 326.8 593.5 
Total cost2,513.5 2,418.7 
Less: accumulated depreciation and amortization
(970.4)(858.8)
Total property and equipment, net$1,543.1 $1,559.9 
Schedule of Other Assets
Other Assets
(In millions)September 30, 2026December 31, 2025
Non-marketable equity securities
$217.5 $218.0 
Capitalized software
17.9 19.1 
Long-term deposits24.1 17.2 
Other assets17.7 24.4 
Total other assets$277.2 $278.7 
Schedule of Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
(In millions)
September 30, 2026December 31, 2025
Accounts payable trade$308.5 $344.3 
Accrued rebates 1,615.2 1,487.6 
Accrued tax, audit, and legal fees36.4 27.0 
Accrued warranty17.4 10.4 
Deferred compensation plan liabilities21.8 20.0 
Income tax payable
25.6 8.9 
Other accrued liabilities 40.7 45.8 
Total accounts payable and accrued liabilities$2,065.6 $1,944.0 
Schedule of Accrued Payroll and Related Expenses
Accrued Payroll and Related Expenses
(In millions)September 30, 2026December 31, 2025
Accrued wages, bonus and taxes$131.0 $134.6 
Other accrued employee benefits28.7 34.6 
Total accrued payroll and related expenses$159.7 $169.2 
Schedule of Other Long-Term Liabilities
Other Long-Term Liabilities
(In millions)September 30, 2026December 31, 2025
Asset retirement obligation$19.9 $20.6 
Finance lease obligations
51.0 53.8 
Income tax payable
31.3 46.6 
Other liabilities27.4 16.1 
Total other long-term liabilities$129.6 $137.1 
Schedule of Other Income, Net
Other Income, Net
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Interest and dividend income
$14.3 $32.7 $50.7 $89.2 
Interest expense
(3.1)(4.7)(9.2)(14.1)
Net gains (losses) on equity investments— 82.7 (10.0)78.1 
Other income (expense), net(3.7)(0.9)(10.6)5.7 
Total other income, net
$7.5 $109.8 $20.9 $158.9