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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 519.9 $ 519.9
Accounts receivable, net 935.4 818.5
Inventories, net 469.2 482.9
Prepaid expenses and other 180.9 185.3
Total current assets 2,105.4 2,006.6
Property, plant and equipment, net 1,681.5 1,760.9
Deferred income taxes 162.0 169.4
Goodwill 181.2 182.1
Other intangible assets, net 491.8 532.8
GM postretirement cost sharing asset 111.5 111.9
Operating lease right-of-use assets 112.0 115.6
Other assets and deferred charges 491.3 477.0
Total assets 5,336.7 5,356.3
Current liabilities    
Current portion of long-term debt 27.2 17.0
Accounts payable 837.6 773.9
Accrued compensation and benefits 189.9 200.1
Deferred revenue 13.5 16.6
Current portion of operating lease liabilities 23.2 21.9
Accrued expenses and other 163.7 172.1
Total current liabilities 1,255.1 1,201.6
Long-term debt, net 2,694.8 2,751.9
Deferred revenue 67.2 70.4
Deferred income taxes 14.8 16.5
Long-term portion of operating lease liabilities 91.0 95.5
Postretirement benefits and other long-term liabilities 604.2 615.5
Total liabilities 4,727.1 4,751.4
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 128.3 million shares issued as of June 30, 2024 and 127.4 million shares issued as of December 31, 2023 1.3 1.3
Paid-in capital 1,390.4 1,382.6
Accumulated deficit (244.5) (283.2)
Treasury stock at cost, 10.7 million shares as of June 30, 2024 and 10.3 million shares as of December 31, 2023 (235.7) (232.9)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (146.5) (145.3)
Foreign currency translation adjustments (171.9) (142.3)
Unrecognized gain on hedges, net of tax 16.5 24.7
Total stockholders' equity 609.6 604.9
Total liabilities and stockholders' equity $ 5,336.7 $ 5,356.3