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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 549.2 $ 552.9
Accounts receivable, net 817.4 709.1
Inventories, net 434.3 442.5
Prepaid expenses and other 164.3 152.2
Current assets held-for-sale 67.8 58.1
Total current assets 2,033.0 1,914.8
Property, plant and equipment, net 1,614.6 1,622.8
Deferred income taxes 198.3 199.5
Goodwill 172.8 172.0
Other intangible assets, net 436.2 456.7
GM postretirement cost sharing asset 113.5 111.7
Operating lease right-of-use assets 109.2 110.3
Other assets and deferred charges 461.8 472.1
Total assets 5,139.4 5,059.9
Current liabilities    
Current portion of long-term debt 10.5 47.9
Accounts payable 745.3 700.5
Accrued compensation and benefits 167.2 193.0
Deferred revenue 25.0 14.2
Current portion of operating lease liabilities 24.1 22.8
Accrued expenses and other 177.9 172.4
Current liabilities held-for sale 34.1 24.4
Total current liabilities 1,184.1 1,175.2
Long-term debt, net 2,609.0 2,576.9
Deferred revenue 43.1 37.0
Deferred income taxes 9.9 11.8
Long-term portion of operating lease liabilities 87.2 89.9
Postretirement benefits and other long-term liabilities 609.8 606.3
Total liabilities 4,543.1 4,497.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 129.6 million shares issued as of March 31, 2025 and 128.3 million shares issued as of December 31, 2024 1.3 1.3
Paid-in capital 1,401.5 1,397.6
Accumulated deficit (241.1) (248.2)
Treasury stock at cost, 11.3 million shares as of March 31, 2025 and 10.7 million shares as of December 31, 2024 (238.4) (235.7)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (157.5) (157.2)
Foreign currency translation adjustments (163.7) (187.0)
Unrecognized loss on hedges, net of tax (5.8) (8.0)
Total stockholders' equity 596.3 562.8
Total liabilities and stockholders' equity $ 5,139.4 $ 5,059.9