Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Tables)

v3.22.0.1
Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Net Property, Plant and Equipment

As of December 31, 2021 and 2020, the Company’s net property, plant, and equipment consisted of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in millions)

 

Property, plant, and equipment, at cost:

 

 

 

 

 

 

Land and buildings

 

$

51.2

 

 

$

51.1

 

Furniture and fixtures

 

 

27.9

 

 

 

26.1

 

Equipment

 

 

1,127.1

 

 

 

1,023.7

 

Building and leasehold improvements

 

 

254.5

 

 

 

222.8

 

Total property, plant, and equipment, at cost

 

 

1,460.7

 

 

 

1,323.7

 

Less: accumulated depreciation and amortization

 

 

(1,018.6

)

 

 

(933.5

)

Property, plant, and equipment, at cost, net of accumulated depreciation and amortization

 

$

442.1

 

 

$

390.2

 
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash for Balance Sheets and Cash Flows

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the Company’s consolidated statements of cash flows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in millions)

 

Cash and cash equivalents

 

$

601.5

 

 

$

1,045.4

 

Restricted cash included in Prepaid expenses and other current assets

 

 

2.6

 

 

 

2.5

 

Restricted cash included in Other assets

 

 

6.3

 

 

 

6.1

 

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

 

$

610.4

 

 

$

1,054.0

 
Computation of Basic and Diluted Earnings Per Share

The following are the common share amounts used to compute the basic and diluted earnings per share for each period:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Weighted-average shares used in basic computations

 

 

105.9

 

 

 

131.5

 

 

 

137.4

 

Dilutive effect of exercise of equity grants outstanding

 

 

2.4

 

 

 

3.0

 

 

 

3.5

 

Dilutive effect of 2019 Convertible Notes

 

 

—

 

 

 

—

 

 

 

0.7

 

Weighted-average shares used in diluted computations

 

 

108.3

 

 

 

134.5

 

 

 

141.6