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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,069.1 $ 940.0
Trade accounts receivable, less allowance for credit losses of $26.6 and $17.3, respectively 363.0 407.5
Inventories, net 241.0 258.8
Prepaid expenses and other current assets 115.2 137.4
Total current assets 1,788.3 1,743.7
Property, plant and equipment, net 277.0 309.6
Operating lease right-of-use assets 142.8 125.1
Other long-term assets 230.6 180.5
Goodwill, net 2,261.9 3,292.2
Other intangible assets, net 649.9 954.0
Total assets 5,350.5 6,605.1
Current liabilities:    
Short-term debt 116.0 115.3
Trade accounts payable 174.6 179.5
Accrued expenses and other liabilities 553.6 455.7
Operating lease liabilities 34.5 30.3
Total current liabilities 878.7 780.8
Operating lease liabilities 118.9 109.9
Other long-term liabilities 139.8 142.4
Long-term debt 1,278.3 1,398.1
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at December 31, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value, 500.0 million shares authorized; 174.2 million shares issued and 172.2 million shares outstanding at December 31, 2024; 173.3 million shares issued and 171.5 million shares outstanding at December 31, 2023 1.7 1.7
Additional paid-in capital 3,791.6 3,758.2
Accumulated (deficit) earnings (487.4) 631.2
Accumulated other comprehensive loss (371.1) (217.2)
Total stockholders’ equity 2,934.8 4,173.9
Total liabilities and stockholders’ equity $ 5,350.5 $ 6,605.1