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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 511.1 $ 511.5
Accounts receivable, net 921.1 820.2
Inventories, net 477.1 463.9
Prepaid expenses and other 200.3 197.8
Total current assets 2,109.6 1,993.4
Property, plant and equipment, net 1,817.9 1,903.0
Deferred income taxes 135.8 119.0
Goodwill 181.7 181.6
Other intangible assets, net 574.2 616.2
GM postretirement cost sharing asset 128.2 127.6
Operating lease right-of-use assets 103.3 107.2
Other assets and deferred charges 456.7 421.4
Total assets 5,507.4 5,469.4
Current liabilities    
Current portion of long-term debt 16.3 75.9
Accounts payable 828.4 734.0
Accrued compensation and benefits 183.8 186.6
Deferred revenue 15.9 28.1
Current portion of operating lease liabilities 20.8 21.1
Accrued expenses and other 168.4 153.6
Total current liabilities 1,233.6 1,199.3
Long-term debt, net 2,853.9 2,845.1
Deferred revenue 69.3 73.4
Deferred income taxes 6.4 10.7
Long-term portion of operating lease liabilities 84.1 87.2
Postretirement benefits and other long-term liabilities 615.3 626.4
Total liabilities 4,862.6 4,842.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 127.4 million shares issued as of June 30, 2023 and 123.3 million shares issued as of December 31, 2022 1.3 1.3
Paid-in capital 1,376.0 1,369.2
Accumulated deficit (246.7) (249.6)
Treasury stock at cost, 10.3 million shares as of June 30, 2023 and 8.7 million shares as of December 31, 2022 (232.9) (218.2)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (148.3) (146.9)
Foreign currency translation adjustments (145.6) (149.7)
Unrecognized gain on cash flow hedges, net of tax 41.0 21.2
Total stockholders' equity 644.8 627.3
Total liabilities and stockholders' equity $ 5,507.4 $ 5,469.4