Inventories (Tables)

3 Months Ended

Mar. 31, 2026

Inventories were comprised of the following at the end of each period:


	March 31, 2026		December 31, 2025
Raw materials	$	54.5	$	54.1
Work in process	298.0		253.7
Finished goods	134.8		245.7
Inventories(1)	$	487.3	$	553.5

Inventories, long-term (1) (2)	$	425.6	$	497.4

(1)As of March 31, 2026, inventories and inventories, long-term include approximately $287.5 million and $351.0 million, respectively, of remaining unamortized fair value step up. As of December 31, 2025, inventories and inventories, long-term include $368.0 million and $413.0 million respectively, of remaining unamortized fair value step up. The remaining unamortized fair value step up will be expensed as cost of sales in future periods as the inventory is sold.

(2)Inventories, long-term are included in other assets in the consolidated balance sheets at March 31, 2026, and December 31, 2025.