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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 714.1 $ 552.9
Accounts receivable, net 857.2 709.1
Inventories, net 442.4 442.5
Prepaid expenses and other 238.3 152.2
Current assets held-for-sale 0.0 58.1
Total current assets 2,252.0 1,914.8
Property, plant and equipment, net 1,608.3 1,622.8
Deferred income taxes 223.0 199.5
Goodwill 174.5 172.0
Other intangible assets, net 395.5 456.7
GM postretirement cost sharing asset 112.6 111.7
Operating lease right-of-use assets 103.4 110.3
Other assets and deferred charges 473.9 472.1
Total assets 5,343.2 5,059.9
Current liabilities    
Current portion of long-term debt 22.3 47.9
Accounts payable 798.8 700.5
Accrued compensation and benefits 219.3 193.0
Deferred revenue 35.5 14.2
Current portion of operating lease liabilities 22.3 22.8
Accrued expenses and other 171.2 172.4
Current liabilities held-for-sale 0.0 24.4
Total current liabilities 1,269.4 1,175.2
Long-term debt, net 2,594.0 2,576.9
Deferred revenue 22.0 37.0
Deferred income taxes 19.2 11.8
Long-term portion of operating lease liabilities 83.5 89.9
Postretirement benefits and other long-term liabilities 636.7 606.3
Total liabilities 4,624.8 4,497.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 130.0 million shares issued as of September 30, 2025 and 128.3 million shares issued as of December 31, 2024 1.3 1.3
Paid-in capital 1,409.6 1,397.6
Accumulated deficit (192.6) (248.2)
Treasury stock at cost, 11.3 million shares as of September 30, 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 (157.9) (157.2)
Foreign currency translation adjustments (109.7) (187.0)
Unrecognized gain (loss) on hedges, net of tax 6.1 (8.0)
Total stockholders' equity 718.4 562.8
Total liabilities and stockholders' equity $ 5,343.2 $ 5,059.9