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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 2,223.8 $ 2,495.3
Short-term investments 1,071.1 1,087.2
Accounts receivable—net 1,486.2 1,691.2
Inventory 369.6 399.5
Prepaid expenses and other current assets 181.9 227.0
Total current assets 5,332.6 5,900.2
LONG-TERM INVESTMENTS 339.7 339.7
PROPERTY AND EQUIPMENT—NET 1,691.5 1,619.0
DEFERRED CONTRACT COSTS 753.7 735.5
DEFERRED TAX ASSETS 1,304.5 1,314.9
GOODWILL 257.4 257.4
OTHER INTANGIBLE ASSETS—NET 87.0 97.3
OTHER ASSETS 117.1 125.2
TOTAL ASSETS 9,883.5 10,389.2
CURRENT LIABILITIES:    
Accounts payable 238.7 230.8
Accrued liabilities 366.1 354.6
Accrued payroll and compensation 292.4 312.9
Current portion of long-term debt 0.0 499.7
Deferred revenue 3,726.3 3,636.0
Total current liabilities 4,623.5 5,034.0
DEFERRED REVENUE 3,625.2 3,479.8
LONG-TERM DEBT 496.8 496.6
OTHER LIABILITIES 148.3 141.3
Total liabilities 8,893.8 9,151.7
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value—1,500.0 shares authorized; 734.0 and 743.0 shares issued and outstanding on March 31, 2026 and December 31, 2025, respectively 0.7 0.7
Additional paid-in capital 1,798.7 1,770.1
Accumulated other comprehensive loss (27.7) (25.4)
Accumulated deficit (782.0) (507.9)
Total stockholders’ equity 989.7 1,237.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,883.5 $ 10,389.2