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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,640.8 $ 1,227.6
Short-term investments 98.2 0.0
Accounts receivable, less allowances of $24.3 and $22.4, respectively 2,831.0 2,362.7
Inventories 1,413.3 1,244.4
Other current assets 318.7 267.1
Total current assets 6,302.0 5,101.8
Property, plant and equipment, net 666.4 625.1
Other assets:    
Goodwill 1,374.1 1,321.1
Other intangible assets, net 1,454.1 1,487.1
Deferred income taxes 291.5 303.3
Right-of-use assets, net 244.9 202.1
Other 73.2 92.0
Total other assets 3,437.8 3,405.6
Total assets 10,406.2 9,132.5
Current liabilities:    
Current portion of long-term debt 21.0 21.0
Accounts payable 1,605.1 1,316.4
Deferred revenue 1,257.3 1,063.3
Accrued expenses and other liabilities 578.5 612.6
Income taxes 152.6 83.7
Total current liabilities 3,614.5 3,097.0
Long-term debt, net 2,900.5 2,907.2
Deferred income taxes 252.6 240.3
Long-term lease liabilities 203.1 171.4
Other long-term liabilities 310.1 282.3
Total liabilities 7,280.8 6,698.2
Equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 0.0 0.0
Common stock, $0.0001 par value, 700,000,000 shares authorized, 381,803,828 and 380,703,974 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 2,858.2 2,821.4
Retained earnings 222.0 (238.3)
Accumulated other comprehensive income (loss) 45.2 (148.8)
Total equity 3,125.4 2,434.3
Total liabilities and equity $ 10,406.2 $ 9,132.5