v3.24.3
Balance Sheet Details and Other Financial Information (Tables)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Short-Term Marketable Securities
Short-term marketable securities, consisting of available-for-sale debt securities, were as follows as of the dates indicated:
September 30, 2024
(In millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$1,035.4 $2.8 $(0.1)$1,038.1 
Commercial paper391.3 — (0.2)391.1 
Corporate debt441.0 1.0 (0.1)441.9 
Total debt securities, available-for-sale$1,867.7 $3.8 $(0.4)$1,871.1 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
December 31, 2023
(In millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Market
Value
Debt securities, available-for-sale:
U.S. government agencies (1)
$1,611.8 $1.2 $(0.5)$1,612.5 
Commercial paper184.8 — (0.1)184.7 
Corporate debt360.8 0.1 (0.3)360.6 
Total debt securities, available-for-sale$2,157.4 $1.3 $(0.9)$2,157.8 
(1) Includes debt obligations issued by U.S. government-sponsored enterprises or U.S. government agencies.
Schedule of Inventory
(In millions)September 30, 2024December 31, 2023
Raw materials$288.9 $319.5 
Work-in-process49.8 30.0 
Finished goods247.6 210.1 
Total inventory$586.3 $559.6 
Schedule of Prepaid and Other Current Assets
(In millions)September 30, 2024December 31, 2023
Prepaid expenses$62.5 $58.7 
Prepaid inventory21.2 31.5 
Deferred compensation plan assets19.2 15.2 
Income tax receivables31.7 13.6 
Other current assets47.6 49.3 
Total prepaid and other current assets$182.2 $168.3 
Schedule of Property and Equipment
(In millions)September 30, 2024December 31, 2023
Land and land improvements$50.5 $34.5 
Building266.9 190.5 
Furniture and fixtures38.3 36.9 
Computer software and hardware76.8 65.8 
Machinery and equipment883.5 683.3 
Leasehold improvements290.6 283.4 
Construction in progress 349.2 328.1 
Total cost1,955.8 1,622.5 
Less: accumulated depreciation and amortization
(637.0)(509.4)
Total property and equipment, net$1,318.8 $1,113.1 
Schedule of Other Assets
Other Assets
(In millions)September 30, 2024December 31, 2023
Long-term investments$46.3 $38.5 
Long-term deposits15.1 14.4 
Other assets26.8 22.1 
Total other assets$88.2 $75.0 
Schedule of Accounts Payable and Accrued Liabilities
(In millions)
September 30, 2024December 31, 2023
Accounts payable trade$326.6 $276.4 
Accrued tax, audit, and legal fees38.5 42.6 
Accrued rebates 1,159.9 950.7 
Accrued warranty5.8 12.6 
Income tax payable
5.8 7.5 
Deferred compensation plan liabilities19.2 15.2 
Other accrued liabilities 36.7 40.5 
Total accounts payable and accrued liabilities$1,592.5 $1,345.5 
Schedule of Accrued Payroll and Related Expenses
(In millions)September 30, 2024December 31, 2023
Accrued wages, bonus and taxes$78.2 $139.8 
Other accrued employee benefits27.6 31.2 
Total accrued payroll and related expenses$105.8 $171.0 
Schedule of Other Long-Term Liabilities
(In millions)September 30, 2024December 31, 2023
Finance lease obligations
$58.2 $58.6 
Deferred revenue, long-term5.2 7.4 
Asset retirement obligation16.1 15.7 
Other tax liabilities44.8 38.7 
Other liabilities5.3 5.2 
Total other long-term liabilities$129.6 $125.6 
Schedule of Other Income (Expense), Net
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Interest and dividend income
$32.0 $41.5 $104.5 $101.2 
Interest expense
(4.7)(4.9)(14.1)(15.4)
Other expense, net(1.9)(1.7)(3.8)(2.4)
Total other income (expense), net
$25.4 $34.9 $86.6 $83.4 
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Translation Adjustments and Other:
Beginning balance
$(36.0)$(26.6)$(17.0)$(7.8)
Translation adjustments and other
96.8 (7.0)77.8 (25.8)
Ending balance
$60.8 $(33.6)$60.8 $(33.6)
Investments:
Beginning balance$(2.0)$(2.7)$0.3 $(3.8)
Unrealized gain on marketable debt securities4.6 0.7 2.3 1.8 
Ending balance$2.6 $(2.0)$2.6 $(2.0)
Accumulated other comprehensive income (loss)$63.4 $(35.6)$63.4 $(35.6)