Supplemental Financial Statement Information

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Statement Information

4. SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Inventories

	March 31, 2022		December 31, 2021
Raw materials	$	513.1	$	436.0
Work in process		204.7		178.3
Finished goods		789.7		821.5
	$	1,507.5	$	1,435.8

Accrued and Other Liabilities

	March 31, 2022		December 31, 2021
Compensation and employee benefit liabilities	$	282.5	$	304.7
Deferred revenue		121.1		94.6
Accrued interest		56.7		118.3
Product warranty accrual		50.2		54.0
Restructuring liabilities		44.7		41.0
Operating lease liabilities		44.0		46.7
Patent claims and litigation settlements		13.5		17.0
Other		304.6		313.5
	$	917.3	$	989.8

Operating Lease Information

	Balance Sheet Location	March 31, 2022		December 31, 2021
Right of use assets	Other noncurrent assets	$	149.9	$	162.5
Lease liabilities - current	Accrued and other liabilities	$	44.0	$	46.7
Lease liabilities - noncurrent	Other noncurrent liabilities		134.0		140.8
Total lease liabilities		$	178.0	$	187.5

Accumulated Other Comprehensive Loss

The following table presents changes in accumulated other comprehensive loss (AOCL), net of tax:

	Three Months Ended
	March 31,
	2022			2021
Foreign currency translation
Balance at beginning of period	$	(165.8	)	$	(80.5	)
Other comprehensive loss		(16.7	)		(51.9	)
Amounts reclassified from AOCL		—			0.6
Balance at end of period	$	(182.5	)	$	(131.8	)
Defined benefit plan activity
Balance at beginning of period	$	(13.4	)	$	(36.4	)
Other comprehensive loss		(1.6	)		—
Amounts reclassified from AOCL		0.3			0.3
Balance at end of period	$	(14.7	)	$	(36.1	)
Hedging instruments
Balance at beginning of period	$	(27.2	)	$	(39.0	)
Other comprehensive income		8.8			12.6
Balance at end of period	$	(18.4	)	$	(26.4	)
Net AOCL at end of period	$	(215.6	)	$	(194.3	)

Amounts reclassified from net AOCL related to foreign currency translation and defined benefit plans are recorded in other income, net in the Condensed Consolidated Statements of Operations.

Cash Flow Information

	Three Months Ended
	March 31,
	2022		2021
Cash paid during the period for:
Income taxes, net of refunds	$	28.7	$	18.1
Interest		191.7		195.4