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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 319.8 $ 375.7
Accounts receivable, less allowance for credit losses 1,367.3 1,381.5
Inventories 2,275.8 2,147.2
Prepaid expenses and other current assets 425.1 522.9
Total Current Assets 4,387.9 4,427.3
Property, plant and equipment, net 1,975.0 1,872.5
Goodwill 8,743.7 8,580.2
Intangible assets, net 5,027.7 5,063.8
Other assets 1,160.0 1,122.2
Total Assets 21,294.3 21,066.0
Current Liabilities:    
Accounts payable 354.6 354.1
Income taxes payable 81.6 38.5
Other current liabilities 1,277.6 1,421.3
Current portion of long-term debt 520.0 544.3
Total Current Liabilities 2,233.7 2,358.2
Deferred income taxes, net 474.9 474.8
Long-term income tax payable 375.7 421.2
Other long-term liabilities 642.0 632.6
Long-term debt 5,189.4 5,152.2
Total Liabilities 8,915.8 9,039.0
Commitments and Contingencies (Note 16)
Stockholders' Equity:    
Common stock, $0.01 par value, one billion shares authorized, 315.8 million shares as of June 30, 2023 (313.8 million as of December 31, 2022) issued 3.2 3.1
Paid-in capital 9,766.0 9,504.4
Retained earnings 9,902.3 9,559.3
Accumulated other comprehensive loss (177.8) (179.3)
Treasury stock, 107.0 million shares as of June 30, 2023 (104.8 million as of December 31, 2022) (7,122.2) (6,867.2)
Total Zimmer Biomet Holdings, Inc. stockholders' equity 12,371.5 12,020.3
Noncontrolling interest 7.1 6.7
Total Stockholders' Equity 12,378.6 12,027.0
Total Liabilities and Stockholders' Equity $ 21,294.3 $ 21,066.0