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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 687.9 $ 716.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 74.7 78.1
Non-cash operating lease cost 12.5 15.1
Stock-based compensation (Note 9) 77.7 88.5
Deferred income taxes (45.2) (101.9)
Loss on impairment 47.1 0.0
Other 8.3 2.0
Changes in operating assets and liabilities:    
Accounts and other receivables, net (68.6) (32.0)
Inventories 41.5 (163.7)
Accounts payable and accrued liabilities 0.3 62.7
Income taxes (189.2) (370.0)
Prepaid expenses and other current assets (3.3) 40.1
Intellectual property agreement accrual (49.2) (11.8)
Other (23.9) (5.1)
Net cash provided by operating activities 570.6 318.0
Cash flows from investing activities    
Capital expenditures (105.3) (150.7)
Investments in unconsolidated affiliates (48.3) (6.0)
Purchases of held-to-maturity investments (Note 5) (18.8) (14.1)
Proceeds from held-to-maturity investments (Note 5) 32.0 25.2
Purchases of available-for-sale investments (Note 5) (1,258.8) (1.8)
Proceeds from available-for-sale investments (Note 5) 1,439.7 388.4
Investments in intangible assets 0.0 (20.0)
Payment for working capital adjustment for sale of product group (Note 4) (36.3) 0.0
Payment for acquisition options (17.0) (10.8)
Issuances of notes receivable (70.6) (17.5)
Other (3.4) (4.8)
Net cash (used in) provided by investing activities (86.8) 187.9
Cash flows from financing activities    
Purchases of treasury stock (264.1) (158.3)
Equity forward contract related to accelerated share repurchase agreement (Note 10) (50.0) 0.0
Proceeds from stock plans 107.1 116.4
Other 1.7 7.0
Net cash used in financing activities (205.3) (34.9)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash (47.3) 39.1
Net increase in cash, cash equivalents, and restricted cash 231.2 510.1
Cash, cash equivalents, and restricted cash at beginning of period 3,058.8 1,148.0
Cash, cash equivalents, and restricted cash at end of period (Note 2) $ 3,290.0 $ 1,658.1