v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 683.1 $ 613.5
Accounts receivable, net of allowance for credit losses of $0.5 and $1.2, respectively 290.0 273.4
Inventories, net 357.8 238.7
Prepaid expenses and other current assets 89.6 46.0
Current assets held for sale 0.0 4,624.6
Total current assets 1,420.5 5,796.2
Property, plant and equipment, net of accumulated depreciation of $129.7 and $134.7, respectively 44.6 50.3
Goodwill 268.7 268.7
Other intangible assets, net 659.3 719.1
Deferred income taxes 305.6 1,722.3
Other noncurrent assets 119.8 118.4
Noncurrent assets held for sale 0.0 696.0
Total assets 2,818.5 9,371.0
Liabilities and Stockholders' Equity (Deficit)    
Accounts payable 178.8 161.4
Accrued and other liabilities 176.0 306.7
Current liabilities held for sale 0.0 1,027.4
Total current liabilities 354.8 1,495.5
Long-term debt 0.0 7,260.2
Deferred income taxes 64.4 67.3
Other noncurrent liabilities 165.7 153.4
Noncurrent liabilities held for sale 0.0 120.0
Total liabilities 584.9 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: 212,984,678 and 223,260,316, respectively 2.5 2.4
Additional paid-in capital 2,511.6 2,487.9
Retained earnings (accumulated deficit) 259.3 (3,040.8)
Accumulated other comprehensive income (loss) 1.4 (118.7)
Treasury stock, at cost: 39,678,750 shares and 18,665,426 shares, respectively (541.2) (334.9)
Total stockholders' equity (deficit) 2,233.6 (1,004.1)
Total liabilities and stockholders' equity (deficit) $ 2,818.5 $ 9,371.0