Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2026

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

11. SUPPLEMENTAL CASH FLOW INFORMATION

The reconciliation of net income to net cash provided by operating activities is as follows (in millions):


			Nine Months Ended
			September 30,
			2026						2025
Net income			$	302.9					$	39.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			123.2						122.9
Impairment of purchased intangibles			49.8						—
Reduction in the carrying value of right-of-use assets			28.4						30.1
Share-based compensation			45.0						42.1
Other-than-temporary impairment loss on investment			—						6.0
Current expected credit losses on loans			—						1.4
(Gains) losses from change in fair market value of equity securities and loan receivable			(308.0)						129.1

Changes in fair value of contingent consideration			0.8						0.6
Payments for operating lease liabilities			(33.4)						(34.0)
Decrease in accounts receivable			32.0						15.7
(Increase) decrease in inventories			(37.9)						17.3
(Increase) decrease in other current assets			(24.8)						16.4
Increase in accounts payable and other current liabilities			43.6						1.2
Decrease in income taxes payable			(14.5)						(12.1)
Increase (decrease) in deferred income taxes			60.6						(19.7)
Increase (decrease) in other long-term liabilities			24.3						(0.5)
Other			11.2						10.9
Net cash provided by operating activities			$	303.2					$	367.3

Non-cash investing activities:
Purchased property, plant and equipment			$	4.3					$	6.5
Purchased marketable securities and investments			$	2.2					$	3.3
Sold marketable securities and investments			$	0.8					$	—