v3.26.3
Supplemental Financial Statement Information (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Inventories

Inventories

 

 

September 30,
2026

 

 

December 31,
2025

 

Raw materials

 

$

194.0

 

 

$

128.3

 

Work in process

 

 

60.1

 

 

 

37.4

 

Finished goods

 

 

103.7

 

 

 

73.0

 

Total inventories, net

 

$

357.8

 

 

$

238.7

 
Accrued and Other Liabilities

Accrued and Other Liabilities

 

 

September 30,
2026

 

 

December 31,
2025

 

Special distributions payable

 

$

54.1

 

 

$

—

 

Compensation and employee benefit liabilities

 

 

27.0

 

 

 

102.9

 

Deferred revenue

 

 

24.3

 

 

 

18.5

 

Accrued tax liabilities

 

 

16.9

 

 

 

8.4

 

Operating lease liabilities

 

 

6.3

 

 

 

7.6

 

Product warranty accrual

 

 

5.9

 

 

 

6.1

 

Accrued interest

 

 

—

 

 

 

78.1

 

Other

 

 

41.5

 

 

 

85.1

 

Total accrued and other liabilities

 

$

176.0

 

 

$

306.7

 
Operating Lease Information

Operating Lease Information

 

Balance Sheet Location

 

September 30,
2026

 

 

December 31,
2025

 

Right of use assets

 Other noncurrent assets

 

$

27.3

 

 

$

33.4

 

 

 

 

 

 

 

 

 

Lease liabilities – current

 Accrued and other liabilities

 

$

6.3

 

 

$

7.6

 

Lease liabilities – noncurrent

 Other noncurrent liabilities

 

 

28.8

 

 

 

31.7

 

Total lease liabilities

 

 

$

35.1

 

 

$

39.3

 

 
Changes in Accumulated Other Comprehensive Loss, Net of Tax

The following table presents changes in AOCI (AOCL), net of tax:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Foreign currency translation

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

—

 

 

$

(79.9

)

 

$

(81.6

)

 

$

(308.8

)

Other comprehensive income (loss)

 

 

1.8

 

 

 

(6.1

)

 

 

(5.3

)

 

 

123.6

 

Amounts reclassified from AOCI (AOCL)

 

 

(0.9

)

 

 

—

 

 

 

87.8

 

 

 

99.2

 

Balance at end of period

 

$

0.9

 

 

$

(86.0

)

 

$

0.9

 

 

$

(86.0

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Defined benefit plan activity

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

0.8

 

 

$

(15.3

)

 

$

(18.7

)

 

$

(15.5

)

Other comprehensive income (loss)

 

 

(0.6

)

 

 

0.2

 

 

 

(0.2

)

 

 

0.4

 

Amounts reclassified from AOCI (AOCL)

 

 

0.3

 

 

 

—

 

 

 

19.4

 

 

 

—

 

Balance at end of period

 

$

0.5

 

 

$

(15.1

)

 

$

0.5

 

 

$

(15.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

—

 

 

$

(21.3

)

 

$

(18.4

)

 

$

(20.2

)

Other comprehensive income (loss)

 

 

—

 

 

 

0.2

 

 

 

—

 

 

 

(0.9

)

Amounts reclassified from AOCL

 

 

—

 

 

 

—

 

 

 

18.4

 

 

 

—

 

Balance at end of period

 

$

—

 

 

$

(21.1

)

 

$

—

 

 

$

(21.1

)

Net AOCI (AOCL) at end of period

 

$

1.4

 

 

$

(122.2

)

 

$

1.4

 

 

$

(122.2

)
For the three and nine months ended September 30, 2026, the reclassifications of foreign currency translation gain of $0.9 million and defined benefit plan loss of $0.3 million from net AOCI (AOCL) related to the divestiture of the RUCKUS segment during the third quarter of 2026. For the
Cash Flow Information

Cash Flow Information

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

Cash paid during the period for:

 

 

 

 

 

 

   Income taxes, net of refunds

 

$

140.2

 

 

$

169.9

 

   Interest

 

 

105.1

 

 

 

521.2