DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of Disposal Group Including Discontinued Operations

Details of Income from Discontinued Operations are as follows (in millions):

	Twelve Months Ended December 31,
	2024		2023		2022
Net sales	$	730.7	$	994.8	$	918.4
Cost of sales	276.8		401.4		356.7
Gross profit	453.9		593.4		561.7
Selling, general, and administrative expenses	169.0		242.1		210.0
Research and development expenses	82.2		108.9		101.6
Separation costs and other	221.8		17.2		—
Operating (loss) income, net	(19.1)		225.2		250.1
Other non-operating (income) expense, net	(3,348.3)		(0.5)		2.2
Income from discontinued operations before provision for income taxes	3,329.2		225.7		247.9
Provision for income taxes from discontinued operations	555.5		46.3		50.0
Net income from discontinued operations	2,773.7		179.4		197.9

Details of assets and liabilities of discontinued operations are as follows (in millions):

	As of December 31,
	2024		2023
Cash and cash equivalents	$	9.6	$	11.7
Accounts receivable, net of allowances	—		3.6
Other receivables	—		5.2
Inventories	15.1		264.7
Prepaid expenses	2.1		18.0
Other current assets	—		14.4
Total current assets of discontinued operations	$	26.8	$	317.6
Property, plant, and equipment, net	3.4		158.4
Operating lease right-of-use assets	—		9.6
Goodwill	7.4		108.4
Other intangible assets, net	—		29.0
Deferred income taxes	—		5.2
Other assets	—		0.5
Total non-current assets of discontinued operations	$	10.8	$	311.1
Accounts payable	$	—	$	14.8
Accrued and other liabilities	2.0		112.7
Operating lease liabilities	—		2.0
Total current liabilities of discontinued operations	$	2.0	$	129.5
Operating lease liabilities	—		7.8
Uncertain tax positions	—		4.3
Other liabilities	—		13.0
Total non-current liabilities of discontinued operations	$	—	$	25.1

Cash flows attributable to the Company's discontinued operations are included in the Company's consolidated statements of cash flows. Significant non-cash operating and investing activities attributable to discontinued operations consisted of the following (in millions):

	Years Ended December 31,
	2024	2023	2022
Depreciation and amortization	12.0	22.9	22.7
Stock-based compensation	16.8	14.6	13.1
Inventory write off	8.2	23.5	6.2
Capital expenditures	16.6	35.4	36.3