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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 393.0 $ 415.8
Accounts receivable, less allowance for credit losses 1,446.4 1,442.4
Inventories 2,388.2 2,385.2
Prepaid expenses and other current assets 403.8 366.1
Total Current Assets 4,631.5 4,609.5
Property, plant and equipment, net 2,090.9 2,060.4
Goodwill 8,791.5 8,818.5
Intangible assets, net 4,734.1 4,856.4
Other assets 1,204.4 1,152.1
Total Assets 21,452.4 21,496.9
Current Liabilities:    
Accounts payable 370.3 410.6
Income taxes payable 70.3 61.2
Other current liabilities 1,386.3 1,485.7
Current portion of long-term debt 970.0 900.0
Total Current Liabilities 2,797.0 2,857.4
Deferred income taxes, net 370.4 357.6
Long-term income tax payable 275.8 273.7
Other long-term liabilities 577.0 652.1
Long-term debt 4,826.2 4,867.9
Total Liabilities 8,846.4 9,008.7
Commitments and Contingencies (Note 15)
Stockholders' Equity:    
Common stock, $0.01 par value, one billion shares authorized, 317.2 million shares as of March 31, 2024 (316.2 million as of December 31, 2023) issued 3.2 3.2
Paid-in capital 9,945.9 9,846.1
Retained earnings 10,509.0 10,384.5
Accumulated other comprehensive loss (211.2) (191.0)
Treasury stock, 111.5 million shares as of March 31, 2024 (110.6 million as of December 31, 2023) (7,648.9) (7,562.3)
Total Zimmer Biomet Holdings, Inc. stockholders' equity 12,598.0 12,480.5
Noncontrolling interest 8.1 7.7
Total Stockholders' Equity 12,606.0 12,488.1
Total Liabilities and Stockholders' Equity $ 21,452.4 $ 21,496.9