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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,644.5 $ 1,136.1
Short-term investments (Note 5) 345.3 500.5
Accounts receivable, net of allowances of $13.9 and $8.3, respectively 778.3 771.5
Other receivables 56.1 56.6
Inventories (Note 2) 1,024.7 918.3
Prepaid expenses 110.2 128.8
Other current assets 252.1 224.9
Current assets of discontinued operations (Note 4) 304.8 299.0
Total current assets 4,516.0 4,035.7
Long-term investments (Note 5) 353.3 583.9
Property, plant, and equipment, net 1,640.1 1,592.8
Operating lease right-of-use assets 92.8 84.4
Goodwill 1,151.0 1,152.5
Other intangible assets, net 417.1 399.4
Deferred income taxes 832.6 749.4
Other assets (Note 2) 789.8 463.1
Non-current assets of discontinued operations (Note 4) 306.6 302.0
Total assets 10,099.3 9,363.2
Current liabilities    
Accounts payable 185.9 186.6
Accrued and other liabilities (Note 2) 902.4 858.2
Operating lease liabilities 21.5 22.9
Current liabilities of discontinued operations (Note 4) 107.2 127.7
Total current liabilities 1,217.0 1,195.4
Long-term debt 597.3 597.0
Taxes payable 1.1 80.6
Operating lease liabilities 74.2 65.2
Uncertain tax positions 343.2 335.0
Litigation settlement accrual 74.8 94.2
Other liabilities 257.1 251.3
Non-current liabilities of discontinued operations (Note 4) 30.0 25.1
Total liabilities 2,594.7 2,643.8
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock, $0.01 par value, authorized 50.0 shares, no shares outstanding           0.0 0.0
Common stock, $1.00 par value, 1,050.0 shares authorized, 653.5 and 650.5 shares issued, and 602.3 and 601.1 shares outstanding, respectively 653.5 650.5
Additional paid-in capital 2,476.3 2,274.4
Retained earnings 9,710.6 8,992.4
Accumulated other comprehensive loss (Note 12) (220.2) (242.8)
Treasury stock, at cost, 51.2 and 49.4 shares, respectively (5,182.8) (5,024.5)
Total Edwards Lifesciences Corporation stockholders' equity 7,437.4 6,650.0
Noncontrolling interest 67.2 69.4
Total stockholders' equity 7,504.6 6,719.4
Total liabilities and equity $ 10,099.3 $ 9,363.2