CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

As of

Second Quarter of

2024

2023

Assets

Current assets:

Cash and cash equivalents

$                               944.1

$                               229.8

Accounts receivable, net

577.0

706.6

Inventories

223.1

235.7

Prepaid expenses

94.8

89.8

Other current assets

126.1

147.8

Assets held for sale

—

421.2

Total current assets

1,965.1

1,830.9

Property and equipment, net

201.4

202.5

Operating lease right-of-use assets

113.7

124.0

Goodwill

5,198.3

5,350.6

Other purchased intangible assets, net

1,114.6

1,243.5

Deferred income tax assets

308.0

412.3

Equity method investments

400.4

105.8

Other non-current assets

296.3

269.7

Total assets

$                            9,597.8

$                            9,539.3

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$                               400.0

$                               530.4

Accounts payable

175.1

165.3

Accrued compensation and benefits

165.2

181.2

Deferred revenue

714.6

663.1

Income taxes payable

327.9

39.7

Other current liabilities

195.1

201.3

Liabilities held for sale

—

48.3

Total current liabilities

1,977.9

1,829.3

Long-term debt

1,389.7

2,536.2

Deferred revenue, non-current

99.0

98.3

Deferred income tax liabilities

226.9

287.8

Operating lease liabilities

111.7

121.9

Other non-current liabilities

159.2

165.7

Total liabilities

3,964.4

5,039.2

Stockholders' equity:

Common stock

0.2

0.2

Additional paid-in-capital

2,275.2

2,214.6

Retained earnings

3,628.4

2,437.4

Accumulated other comprehensive loss

(270.4)

(152.1)

Total stockholders' equity

5,633.4

4,500.1

Total liabilities and stockholders' equity

$                            9,597.8

$                            9,539.3