XML 38 R27.htm IDEA: XBRL DOCUMENT v3.25.1
OTHER FINANCIAL INFORMATION (Tables)
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash, Cash Equivalents, and Restricted Cash
March 31, 2025December 31, 2024
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents$1,467.3 $1,227.6 
Restricted cash included in other current assets8.8 4.6 
Total cash, cash equivalents, and restricted cash$1,476.1 $1,232.2 
Schedule of Other Supplemental Balance Sheet Information
March 31, 2025December 31, 2024
Inventories
Finished products$478.0 $400.8 
Raw materials605.4 564.7 
Work in process300.1 278.9 
Total inventories$1,383.5 $1,244.4 
March 31, 2025December 31, 2024
Property, plant and equipment, net(1)
Machinery and equipment$601.3 $570.1 
Buildings375.3 362.1 
Land40.0 39.4 
Construction in progress80.3 87.5 
Property, plant and equipment, at cost1,096.9 1,059.1 
Less: Accumulated depreciation(459.5)(434.0)
Property, plant and equipment, net$637.4 $625.1 
(1)    Property, plant and equipment, net in the United States was $150.8 and $148.8 as of March 31, 2025 and December 31, 2024, respectively.
March 31, 2025December 31, 2024
Accrued expenses and other liabilities
Accrued payroll and other employee compensation$110.3 $147.8 
Restructuring (see Note 4)
8.8 10.4 
Operating lease liabilities46.7 45.7 
Product warranty28.4 27.5 
Other 340.0 381.2 
Total$534.2 $612.6 
Three months ended March 31, 2025Three months ended March 31, 2024
Change in product warranty accrual
Balance at the beginning of the period$27.5 $26.1 
Provision charge to expense7.9 3.4 
Paid/utilized(7.0)(5.7)
Balance at the end of the period$28.4 $23.8