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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,289.4 $ 1,224.3
Short-term investments 268.7 160.3
Accounts receivable, net of allowances 918.4 1,163.3
Inventory 824.7 830.1
Prepaid expenses and other current assets 436.1 467.6
Total current assets 3,737.3 3,845.6
Property and equipment, net 674.6 680.2
Operating lease assets 286.9 160.2
Long-term investments 412.3 385.4
Purchased intangible assets, net 32.1 42.6
Goodwill 3,734.4 3,734.3
Other long-term assets 1,211.2 1,159.7
Total assets 10,088.8 10,008.0
Current liabilities:    
Accounts payable 219.3 256.5
Accrued compensation 217.7 357.8
Deferred revenue 1,283.0 1,228.4
Short-term portion of long-term debt 399.6 399.4
Other accrued liabilities 386.9 399.9
Total current liabilities 2,506.5 2,642.0
Long-term debt 1,228.9 1,215.7
Long-term deferred revenue 1,033.4 1,013.6
Long-term income taxes payable 89.6 83.5
Long-term operating lease liabilities 270.9 135.5
Other long-term liabilities 130.4 133.5
Total liabilities 5,259.7 5,223.8
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.00001 par value; 10.0 shares authorized; none issued and outstanding 0.0 0.0
Common stock, $0.00001 par value; 1,000.0 shares authorized; 334.3 shares and 332.6 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 6,791.0 6,810.2
Accumulated other comprehensive income (loss) 5.9 (5.6)
Accumulated deficit (1,967.8) (2,020.4)
Total stockholders' equity 4,829.1 4,784.2
Total liabilities and stockholders' equity $ 10,088.8 $ 10,008.0