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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 529.9 $ 359.4
Accounts receivable, net of allowance for doubtful accounts of $11.8 and $10.3 at June 30, 2025 and December 31, 2024, respectively 496.7 439.6
Inventories 283.8 246.2
Prepaid expenses 31.9 22.7
Other current assets 111.9 136.9
Current assets held for sale 0.0 65.2
Total current assets 1,454.2 1,270.0
Property, plant and equipment, net 296.6 276.8
Goodwill 2,241.6 2,132.0
Intangible assets, net 706.2 732.0
Deferred income tax assets 178.4 133.3
Other assets 125.6 140.9
Non-current assets held for sale 0.0 188.9
Total assets 5,002.6 4,873.9
Liabilities and stockholders' equity    
Accounts payable 148.3 121.3
Current installments of long-term debt 0.0 10.4
Accrued expenses and other current liabilities 206.6 229.3
Current liabilities held for sale 0.0 18.7
Total current liabilities 354.9 379.7
Debt 1,624.5 1,813.6
Pension and post-retirement benefits 22.3 22.2
Deferred income tax liabilities 102.1 93.9
Other liabilities 257.5 152.6
Non-current liabilities held for sale 0.0 13.5
Total liabilities 2,361.3 2,475.5
Commitments and contingencies (Note $10)
Stockholders' equity    
Common stock: 400.0 shares authorized (2025: 267.7 shares issued; 2024: 267.2 shares issued) 2.7 2.7
Additional paid-in capital 4,226.3 4,214.1
Treasury stock (2025: 26.1 shares; 2024: 25.0 shares) (373.8) (349.5)
Accumulated deficit (910.9) (1,017.1)
Accumulated other comprehensive loss (318.1) (467.2)
Total stockholders' equity 2,626.2 2,383.0
Non-controlling interests 15.1 15.4
Total equity 2,641.3 2,398.4
Total liabilities and stockholders' equity $ 5,002.6 $ 4,873.9