v3.25.4
CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and equivalents $ 318.8 $ 0.0
Accounts receivable less allowance for credit losses of $7.8 and $11.3, respectively 285.3 293.8
Inventories:    
Finished goods 63.5 72.1
Work in process 119.5 90.1
Raw materials 118.6 120.7
Inventories, net 301.6 282.9
Prepaid expenses 56.7 40.8
Other current assets 13.7 1.1
Total current assets 976.1 618.6
Property, plant, and equipment, net 214.2 200.2
Other assets 163.7 151.0
Goodwill 1,672.4 2,940.0
Other intangible assets, net 795.2 809.6
Total assets 3,821.6 4,719.4
Current liabilities:    
Current portion of long-term debt 530.4 0.0
Trade accounts payable 263.7 254.6
Accrued expenses and other current liabilities 365.6 279.1
Total current liabilities 1,159.7 533.7
Long-term debt 618.4 0.0
Other long-term liabilities 409.2 422.9
Liabilities 2,187.3 956.6
Commitments and contingencies (Note 14)
Equity:    
Common stock: $0.01 par value, as of December 31, 2025 and December 31, 2024, 1,300 million and 1,000 shares authorized, respectively; and 112884493 million and 100 shares issued and outstanding, respectively 1.1 0.0
Preferred stock: $0.01 par value, 10.0 million shares authorized; no shares issued and outstanding 0.0 0.0
Additional paid-in capital 3,223.4 0.0
Accumulated deficit (1,345.3) 0.0
Accumulated other comprehensive loss (244.9) (491.3)
Net Former Parent investment 0.0 4,254.1
Total equity 1,634.3 3,762.8
Total liabilities and equity $ 3,821.6 $ 4,719.4

Source

10-K XBRL Zip