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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 542.5 $ 519.9
Accounts receivable, net 900.1 818.5
Inventories, net 465.6 482.9
Prepaid expenses and other 169.2 185.3
Current assets held-for-sale 58.1 0.0
Total current assets 2,135.5 2,006.6
Property, plant and equipment, net 1,657.0 1,760.9
Deferred income taxes 188.3 169.4
Goodwill 174.1 182.1
Other intangible assets, net 477.5 532.8
GM postretirement cost sharing asset 109.3 111.9
Operating lease right-of-use assets 112.6 115.6
Other assets and deferred charges 474.0 477.0
Total assets 5,328.3 5,356.3
Current liabilities    
Current portion of long-term debt 42.7 17.0
Accounts payable 805.7 773.9
Accrued compensation and benefits 205.4 200.1
Deferred revenue 17.1 16.6
Current portion of operating lease liabilities 23.6 21.9
Accrued expenses and other 175.3 172.1
Current liabilities held-for sale 24.4 0.0
Total current liabilities 1,294.2 1,201.6
Long-term debt, net 2,638.3 2,751.9
Deferred revenue 42.1 70.4
Deferred income taxes 15.9 16.5
Long-term portion of operating lease liabilities 91.2 95.5
Postretirement benefits and other long-term liabilities 630.3 615.5
Total liabilities 4,712.0 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 September 30, 2024 and 127.4 million shares issued as of December 31, 2023 1.3 1.3
Paid-in capital 1,394.3 1,382.6
Accumulated deficit (234.5) (283.2)
Treasury stock at cost, 10.7 million shares as of September 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 (147.1) (145.3)
Foreign currency translation adjustments (150.3) (142.3)
Unrecognized gain (loss) on hedges, net of tax (11.7) 24.7
Total stockholders' equity 616.3 604.9
Total liabilities and stockholders' equity $ 5,328.3 $ 5,356.3