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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,045.2 $ 1,132.3
Short-term investments (Note 8) 930.7 500.5
Accounts receivable, net of allowances of $11.6 and $8.2, respectively 609.1 771.5
Other receivables 118.3 56.6
Inventories (Note 6) 1,086.7 903.5
Prepaid expenses 121.0 128.8
Other current assets 347.6 224.9
Current assets of discontinued operations (Note 5) 26.8 317.6
Total current assets 6,285.4 4,035.7
Long-term investments (Note 8) 307.9 583.9
Property, plant, and equipment, net (Note 6) 1,686.0 1,591.0
Operating lease right-of-use assets (Note 7) 98.2 84.4
Goodwill (Note 11) 1,776.7 1,145.1
Other intangible assets, net (Note 11) 1,176.6 399.4
Deferred income taxes 992.1 749.4
Other assets 721.6 463.2
Non-current assets of discontinued operations (Note 5) 10.8 311.1
Total assets 13,055.3 9,363.2
Current liabilities    
Accounts payable 197.4 186.6
Accrued and other liabilities (Note 6) 1,282.4 856.4
Operating lease liabilities (Note 7) 23.4 22.9
Current liabilities of discontinued operations (Note 5) 2.0 129.5
Total current liabilities 1,505.2 1,195.4
Long-term debt (Note 12) 597.7 597.0
Contingent consideration liabilities (Note 13) 14.5 0.0
Taxes payable (Note 19) 1.3 80.6
Operating lease liabilities (Note 7) 78.9 65.2
Uncertain tax positions (Note 19) 384.6 335.0
Litigation settlement accrual (Note 3) 52.7 94.2
Other liabilities 357.5 251.3
Non-current liabilities of discontinued operations (Note 5) 0.0 25.1
Total liabilities 2,992.4 2,643.8
Commitments and contingencies (Notes 7, 12, and 20)
Stockholders' equity (Note 16)    
Preferred stock, $0.01 par value, authorized 50.0 shares, no shares outstanding 0.0 0.0
Common stock, $1.00 par value, 1,050.0 shares authorized, 654.8 and 650.5 shares issued, and 588.6 and 601.1 shares outstanding, respectively 654.8 650.5
Additional paid-in capital 2,613.4 2,274.4
Retained earnings 13,167.0 8,992.4
Accumulated other comprehensive loss (Note 17) (244.5) (242.8)
Treasury stock, at cost, 66.2 and 49.4 shares, respectively (6,192.3) (5,024.5)
Total Edwards Lifesciences Corporation stockholders' equity 9,998.4 6,650.0
Noncontrolling interest 64.5 69.4
Total stockholders' equity 10,062.9 6,719.4
Total liabilities and equity $ 13,055.3 $ 9,363.2