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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 519.9 $ 511.5
Accounts receivable, net 818.5 820.2
Inventories, net 482.9 463.9
Prepaid expenses and other 185.3 197.8
Total current assets 2,006.6 1,993.4
Property, plant and equipment, net 1,760.9 1,903.0
Deferred income taxes 169.4 119.0
Goodwill 182.1 181.6
Other intangible assets, net 532.8 616.2
GM postretirement cost sharing asset 111.9 127.6
Operating lease right-of-use assets 115.6 107.2
Other assets and deferred charges 477.0 421.4
Total assets 5,356.3 5,469.4
Current liabilities    
Current portion of long-term debt 17.0 75.9
Accounts payable 773.9 734.0
Accrued compensation and benefits 200.1 186.6
Deferred revenue 16.6 28.1
Current portion of operating lease liabilities 21.9 21.1
Accrued expenses and other 172.1 153.6
Total current liabilities 1,201.6 1,199.3
Long-term debt, net 2,751.9 2,845.1
Deferred revenue 70.4 73.4
Deferred income taxes 16.5 10.7
Long-term portion of operating lease liabilities 95.5 87.2
Postretirement benefits and other long-term liabilities 615.5 626.4
Total liabilities 4,751.4 4,842.1
Stockholders' equity    
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2023 or 2022 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2023 or 2022 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 127.4 million and 123.3 million shares issued as of December 31, 2023 and December 31, 2022, respectively 1.3 1.3
Paid-in capital 1,382.6 1,369.2
Accumulated deficit (283.2) (249.6)
Treasury stock at cost, 10.3 million shares in 2023 and 8.7 million shares in 2022 (232.9) (218.2)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (145.3) (146.9)
Foreign currency translation adjustments (142.3) (149.7)
Unrecognized gain on cash flow hedges, net of tax 24.7 21.2
Total stockholders' equity 604.9 627.3
Total liabilities and stockholders' equity $ 5,356.3 $ 5,469.4