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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,530.6 $ 576.7
Receivables, net of allowance for credit losses of $4.8 million and $3.9 million, respectively 799.2 615.3
Inventories 462.4 361.7
Prepaid expenses 27.7 21.2
Other current assets 91.5 107.6
Assets held for sale 0.0 1,725.6
Total current assets 2,911.4 3,408.1
Property, plant, and equipment, net 670.7 655.2
Goodwill 1,342.0 1,202.5
Other intangible assets, net 1,425.9 1,252.9
Other long-term assets 128.4 101.3
Total assets 6,478.4 6,620.0
Current liabilities:    
Accounts payable 327.3 245.5
Current portion of debt 403.0 402.7
Accrued and other current liabilities 310.4 292.9
Contract liabilities 27.7 26.4
Liabilities held for sale 0.0 218.8
Total current liabilities 1,068.4 1,186.3
Long-term liabilities:    
Long-term debt, less current portion 1,887.2 1,886.7
Contract liabilities 315.5 297.6
Other long-term liabilities 444.4 420.4
Total long-term liabilities 2,647.1 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; 45.4 and 47.7 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 580.7 553.8
Treasury shares, at cost (33.2 and 30.9 shares, respectively) (4,449.5) (3,326.4)
Accumulated other comprehensive loss (102.3) (111.1)
Retained earnings 6,655.3 5,634.0
Total stockholders' equity 2,762.9 2,829.0
Total liabilities and equity $ 6,478.4 $ 6,620.0