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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 469.8 $ 519.9
Accounts receivable, net 960.5 818.5
Inventories, net 476.8 482.9
Prepaid expenses and other 186.1 185.3
Total current assets 2,093.2 2,006.6
Property, plant and equipment, net 1,700.3 1,760.9
Deferred income taxes 165.3 169.4
Goodwill 181.4 182.1
Other intangible assets, net 512.2 532.8
GM postretirement cost sharing asset 113.2 111.9
Operating lease right-of-use assets 111.2 115.6
Other assets and deferred charges 494.3 477.0
Total assets 5,371.1 5,356.3
Current liabilities    
Current portion of long-term debt 25.0 17.0
Accounts payable 830.1 773.9
Accrued compensation and benefits 174.9 200.1
Deferred revenue 15.0 16.6
Current portion of operating lease liabilities 22.3 21.9
Accrued expenses and other 168.3 172.1
Total current liabilities 1,235.6 1,201.6
Long-term debt, net 2,735.0 2,751.9
Deferred revenue 69.9 70.4
Deferred income taxes 16.1 16.5
Long-term portion of operating lease liabilities 91.2 95.5
Postretirement benefits and other long-term liabilities 601.9 615.5
Total liabilities 4,749.7 4,751.4
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 128.2 million shares issued as of March 31, 2024 and 127.4 million shares issued as of December 31, 2023 1.3 1.3
Paid-in capital 1,386.4 1,382.6
Accumulated deficit (262.7) (283.2)
Treasury stock at cost, 10.7 million shares as of March 31, 2024 and 10.3 million shares as of December 31, 2023 (235.6) (232.9)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (145.9) (145.3)
Foreign currency translation adjustments (157.6) (142.3)
Unrecognized gain on cash flow hedges, net of tax 35.5 24.7
Total stockholders' equity 621.4 604.9
Total liabilities and stockholders' equity $ 5,371.1 $ 5,356.3