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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,736.3 $ 576.7
Receivables, net of allowance for credit losses of $5.0 million and $3.9 million, respectively 903.6 615.3
Inventories 426.3 361.7
Prepaid expenses 21.8 21.2
Other current assets 64.1 107.6
Assets held for sale 0.0 1,725.6
Total current assets 3,152.1 3,408.1
Property, plant, and equipment, net 664.2 655.2
Goodwill 1,337.3 1,202.5
Other intangible assets, net 1,449.9 1,252.9
Other long-term assets 124.8 101.3
Total assets 6,728.3 6,620.0
Current liabilities:    
Accounts payable 363.4 245.5
Current portion of debt 402.9 402.7
Accrued and other current liabilities 296.3 292.9
Contract liabilities 27.1 26.4
Liabilities held for sale 0.0 218.8
Total current liabilities 1,089.7 1,186.3
Long-term liabilities:    
Long-term debt, less current portion 1,887.2 1,886.7
Contract liabilities 308.1 297.6
Other long-term liabilities 439.0 420.4
Total long-term liabilities 2,634.3 2,604.7
Stockholders' equity:    
Preferred stock, $1 par value per share (5.0 shares authorized and unissued) 0.0 0.0
Common stock, $1 par value per share (200.0 shares authorized; 46.4 and 47.7 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 570.3 553.8
Treasury shares, at cost (32.2 and 30.9 shares, respectively) (3,988.6) (3,326.4)
Accumulated other comprehensive loss (113.0) (111.1)
Retained earnings 6,456.9 5,634.0
Total stockholders' equity 3,004.3 2,829.0
Total liabilities and equity $ 6,728.3 $ 6,620.0