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.
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