OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER CONSOLIDATED FINANCIAL STATEMENT DETAILS

Composition of Certain Financial Statement Captions

(in millions)

Components of selected captions in the consolidated condensed balance sheets consisted of the following:


	September 30, 2023		December 31, 2022
Inventories
Raw materials	$	204.9	$	156.4
Work in process	223.7		177.4
Finished products	603.8		541.7
	$	1,032.4	$	875.5

At September 30, 2023 and December 31, 2022, $142.5 million and $128.6 million, respectively, of the Company's finished products inventories were held on consignment.


	September 30, 2023		December 31, 2022
Accrued and other liabilities

Employee compensation and withholdings	$	340.0	$	268.7
Taxes payable	172.1		50.6
Property, payroll, and other taxes	57.1		45.6
Research and development accruals	70.1		66.9
Accrued rebates	139.5		116.1
Fair value of derivatives	6.7		20.7
Accrued marketing expenses	16.0		17.0
Legal and insurance	30.3		28.1
Litigation settlement	65.9		53.3
Accrued relocation costs	22.3		25.2
Accrued professional services	9.3		6.6
Accrued realignment reserves	13.8		15.6

Other accrued liabilities	80.9		80.6
	$	1,024.0	$	795.0

Supplemental Cash Flow Information

(in millions)


	Nine Months Ended September 30,
	2023		2022
Cash paid during the year for:
Income taxes	$	219.1	$	315.9
Amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	21.5	$	22.2
Non-cash investing and financing transactions:



Right-of-use assets obtained in exchange for new lease liabilities	$	21.2	$	24.7
Capital expenditures accruals	$	33.0	$	25.3

Cash, Cash Equivalents, and Restricted Cash

(in millions)


	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	1,410.1	$	769.0
Restricted cash included in other current assets	0.4		0.5
Restricted cash included in other assets	3.4		3.1
Total cash, cash equivalents, and restricted cash	$	1,413.9	$	772.6

Amounts included in restricted cash primarily represent funds placed in escrow related to litigation.