CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 1,121.6	$ 953.4
Inventories	446.9	430.4
Prepaid expenses and other current assets	266.7	142.0
Total current assets	2,279.7	1,891.3
Property, plant and equipment, net	720.4	723.1
Other intangible assets, net	102.3	98.5
Goodwill	51.7	51.5
Other assets	315.1	323.3
Total assets	3,469.2	3,087.7
Current Liabilities
Accounts payable	96.1	19.8
Current portion of long-term debt	460.7	83.8
Total current liabilities	1,010.1	528.4
Long-term debt, net	939.0	1,296.1
Other liabilities	57.1	51.7
Total liabilities	2,006.3	1,876.1
Commitments and contingencies (note 12)
Stockholders’ Equity
Preferred stock, $.001 par value, 5,000,000 authorized; none issued and outstanding	0.0	0.0
Common stock, $.001 par value, 100,000,000 authorized; 70,483,672 and 70,196,031 issued	0.1	0.1
Additional paid-in capital	1,379.4	1,184.4
Accumulated earnings	98.2	40.3
Accumulated other comprehensive income (loss)	15.4	(13.2)
Treasury stock, at cost; 93,032 and — shares	(31.0)	0.0
Deferred compensation	0.9	0.0
Total stockholders’ equity	1,462.9	1,211.6
Total liabilities and stockholders’ equity	3,469.2	3,087.7
Nonrelated Party
Current Assets
Accounts receivable, net	306.4	252.5
Current Liabilities
Accrued expenses and other current liabilities	453.4	423.9
Related Party
Current Assets
Accounts receivable, net	138.1	113.0
Current Liabilities
Accrued expenses and other current liabilities	$ 0.0	$ 1.0