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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 465.7 $ 511.5
Accounts receivable, net 892.1 820.2
Inventories, net 464.6 463.9
Prepaid expenses and other 182.1 197.8
Total current assets 2,004.5 1,993.4
Property, plant and equipment, net 1,864.7 1,903.0
Deferred income taxes 135.0 119.0
Goodwill 181.7 181.6
Other intangible assets, net 595.1 616.2
GM postretirement cost sharing asset 129.5 127.6
Operating lease right-of-use assets 106.3 107.2
Other assets and deferred charges 436.1 421.4
Total assets 5,452.9 5,469.4
Current liabilities    
Current portion of long-term debt 49.6 75.9
Accounts payable 771.3 734.0
Accrued compensation and benefits 167.4 186.6
Deferred revenue 26.9 28.1
Current portion of operating lease liabilities 21.2 21.1
Accrued expenses and other 161.6 153.6
Total current liabilities 1,198.0 1,199.3
Long-term debt, net 2,847.7 2,845.1
Deferred revenue 68.5 73.4
Deferred income taxes 11.0 10.7
Long-term portion of operating lease liabilities 86.4 87.2
Postretirement benefits and other long-term liabilities 619.6 626.4
Total liabilities 4,831.2 4,842.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 127.3 million shares issued as of March 31, 2023 and 123.3 million shares issued as of December 31, 2022 1.3 1.3
Paid-in capital 1,372.6 1,369.2
Accumulated deficit (254.7) (249.6)
Treasury stock at cost, 10.3 million shares as of March 31, 2023 and 8.7 million shares as of December 31, 2022 (232.7) (218.2)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (147.6) (146.9)
Foreign currency translation adjustments (140.9) (149.7)
Unrecognized gain on cash flow hedges, net of tax 23.7 21.2
Total stockholders' equity 621.7 627.3
Total liabilities and stockholders' equity $ 5,452.9 $ 5,469.4