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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,251.5 $ 1,207.7
Marketable investments 1,456.3 1,786.4
Accounts receivable, no allowance for 2024 and 2023 307.3 278.9
Inventories, net 120.2 111.8
Other current assets 113.4 166.2
Total current assets 3,248.7 3,551.0
Marketable investments 1,491.9 1,909.8
Goodwill and other intangible assets, net 115.4 114.2
Property, plant, and equipment, net 1,074.0 1,045.4
Deferred tax assets, net 396.1 394.8
Other non-current assets 169.1 151.8
Total assets 6,495.2 7,167.0
Current liabilities:    
Accounts payable and accrued expenses 305.1 298.0
Line of credit (current) 400.0 400.0
Share tracking awards plan 29.2 35.4
Other current liabilities 126.3 71.0
Total current liabilities 860.6 804.4
Line of credit (non-current) 200.0 300.0
Other non-current liabilities 96.5 77.8
Total liabilities 1,157.1 1,182.2
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $.01, 10,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, par value $.01, 245,000,000 shares authorized, 74,098,932 and 73,659,761 shares issued, and 44,204,517 and 47,040,545 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 0.7 0.7
Additional paid-in capital 2,405.4 2,549.0
Accumulated other comprehensive loss (15.6) (12.8)
Treasury stock, 29,894,415 and $26,619,216 shares as of March 31, 2024 and December 31, 2023, respectively (3,386.1) (2,579.2)
Retained earnings 6,333.7 6,027.1
Total stockholders’ equity 5,338.1 5,984.8
Total liabilities and stockholders’ equity $ 6,495.2 $ 7,167.0