XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Balance Sheet Components
 9 Months Ended
Sep. 30, 2022
Balance Sheet Components [Abstract]  
Balance Sheet Components Balance Sheet Components
Selected balance sheet components consist of the following:
Cash and restricted cash
(In millions)September 30,
2022		December 31,
2021		September 30, 2021
Cash and cash equivalents$646.7 $701.2 $756.6 
Restricted cash, included in prepaid expenses and other current assets3.7 5.0 5.1 
Cash, cash equivalents and restricted cash$650.4 $706.2 $761.7 
Inventories
(In millions)September 30,
2022		December 31,
2021
Raw materials$781.8 $922.4 
Work in process824.6 993.3 
Finished goods1,774.0 2,062.0 
Inventories$3,380.4 $3,977.7 
Prepaid expenses and other current assets
(In millions)September 30,
2022		December 31, 2021
Prepaid expenses$237.1 $256.7 
Available-for-sale fixed income securities34.5 38.2 
Fair value of financial instruments256.8 144.6 
Equity securities39.8 51.0 
Other current assets1,132.2 1,467.1 
Prepaid expenses and other current assets$1,700.4 $1,957.6 
Prepaid expenses consist primarily of prepaid rent, insurance and other individually insignificant items.
Property, plant and equipment, net
(In millions)September 30,
2022		December 31, 2021
Machinery and equipment$2,840.9 $3,054.0 
Buildings and improvements1,500.5 1,808.5 
Construction in progress545.2 588.7 
Land and improvements132.0 137.9 
Gross property, plant and equipment5,018.6 5,589.1 
Accumulated depreciation1,979.6 2,400.5 
Property, plant and equipment, net$3,039.0 $3,188.6 
Other assets
(In millions)September 30,
2022		December 31, 2021
Operating lease right-of-use assets$264.2 $290.8 
Other long-term assets699.7 879.9 
Other assets$963.9 $1,170.7 
Accounts payable
(In millions)September 30,
2022		December 31, 2021
Trade accounts payable$791.2 $1,056.1 
Other payables519.3 601.3 
Accounts payable$1,310.5 $1,657.4 
Other current liabilities
(In millions)September 30,
2022		December 31, 2021
Accrued sales allowances$837.2 $1,362.1 
Legal and professional accruals, including litigation accruals397.4 715.6 
Payroll and employee benefit liabilities631.9 741.9 
Contingent consideration70.7 66.7 
Accrued restructuring109.1 233.5 
Accrued interest210.2 86.6 
Equity method investments, clean energy investments4.3 10.9 
Fair value of financial instruments157.3 61.0 
Operating lease liability85.2 86.7 
Other1,001.4 1,254.6 
Other current liabilities$3,504.7 $4,619.6 
Other long-term obligations
(In millions)September 30,
2022		December 31, 2021
Employee benefit liabilities$805.8 $876.4 
Contingent consideration92.6 133.0 
Tax related items, including contingencies396.1 426.1 
Operating lease liability179.3 200.9 
Accrued restructuring51.0 64.3 
Other220.3 232.9 
Other long-term obligations$1,745.1 $1,933.6