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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 552.9 $ 519.9
Accounts receivable, net 709.1 818.5
Inventories, net 442.5 482.9
Prepaid expenses and other 152.2 185.3
Current assets held-for-sale 58.1 0.0
Total current assets 1,914.8 2,006.6
Property, plant and equipment, net 1,622.8 1,760.9
Deferred income taxes 199.5 169.4
Goodwill 172.0 182.1
Other intangible assets, net 456.7 532.8
GM postretirement cost sharing asset 111.7 111.9
Operating lease right-of-use assets 110.3 115.6
Other assets and deferred charges 472.1 477.0
Total assets 5,059.9 5,356.3
Current liabilities    
Current portion of long-term debt 47.9 17.0
Accounts payable 700.5 773.9
Accrued compensation and benefits 193.0 200.1
Deferred revenue 14.2 16.6
Current portion of operating lease liabilities 22.8 21.9
Accrued expenses and other 172.4 172.1
Current liabilities held-for-sale 24.4 0.0
Total current liabilities 1,175.2 1,201.6
Long-term debt, net 2,576.9 2,751.9
Deferred revenue 37.0 70.4
Deferred income taxes 11.8 16.5
Long-term portion of operating lease liabilities 89.9 95.5
Postretirement benefits and other long-term liabilities 606.3 615.5
Total liabilities 4,497.1 4,751.4
Stockholders' equity    
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2024 or 2023 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2024 or 2023 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 128.3 million and 127.4 million shares issued as of December 31, 2024 and December 31, 2023, respectively 1.3 1.3
Paid-in capital 1,397.6 1,382.6
Accumulated deficit (248.2) (283.2)
Treasury stock at cost, 10.7 million shares in 2024 and 10.3 million shares in 2023 (235.7) (232.9)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (157.2) (145.3)
Foreign currency translation adjustments (187.0) (142.3)
Unrecognized gain (loss) on hedges, net of tax (8.0) 24.7
Total stockholders' equity 562.8 604.9
Total liabilities and stockholders' equity $ 5,059.9 $ 5,356.3