Inventories (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories consist of the following (in thousands): 

	As of
	June 30, 2022		December 31, 2021
Raw materials	$	240,804	$	135,528
Work in process	71,101		36,490
Finished goods	271,145		118,217
Total inventories	$	583,050	$	290,235

During 2022, inventories increased significantly due to the acquisition of Smiths Medical. All acquired inventory was recorded at fair value on January 6, 2022 in accordance with ASC 805, Business Combinations (see Note 3: Acquisitions).