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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Assets      
Cash and cash equivalents $ 181.3 $ 559.7 $ 292.4
Restricted cash 11.6 41.1 7.7
Accounts and notes receivable, gross 941.9 905.5 900.4
Allowance for credit losses (13.0) (13.2) (14.3)
Accounts and notes receivable, net 928.9 892.3 886.1
Inventories 721.0 681.8 647.2
Other current assets 83.1 90.8 74.2
Total current assets 1,925.9 2,265.7 1,907.6
Investments and long-term receivables 31.3 31.3 31.4
Property, plant & equipment, cost 14,534.2 14,516.8 11,949.3
Allowances for depreciation, depletion & amortization (6,152.9) (6,055.3) (5,740.0)
Property, plant & equipment, net 8,381.3 8,461.5 6,209.3
Operating lease right-of-use assets, net 566.0 526.4 512.4
Goodwill 3,815.0 3,788.1 3,531.7
Other intangible assets, net 1,846.3 1,883.0 1,604.5
Other noncurrent assets 146.3 148.8 114.0
Total assets 16,712.1 17,104.8 13,910.9
Liabilities      
Current maturities of long-term debt 0.5 400.5 0.5
Trade payables and accruals 354.7 407.0 320.9
Other current liabilities 441.7 431.6 374.8
Total current liabilities 796.9 1,239.1 696.2
Long-term debt 4,907.9 4,906.9 3,330.7
Deferred income taxes, net 1,331.4 1,336.5 1,027.3
Deferred revenue 136.2 137.8 143.6
Operating 556.1 521.4 508.2
Other noncurrent liabilities 825.1 820.6 688.3
Total liabilities 8,553.6 8,962.3 6,394.3
Other commitments and contingencies (Note 8)
Common stock, outstanding (in shares) 132.1 132.1 132.3
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.1, 132.1 and 132.3 shares, respectively $ 132.1 $ 132.1 $ 132.3
Capital in excess of par value 2,889.2 2,900.1 2,865.0
Retained earnings 5,238.8 5,213.8 4,636.7
Accumulated other comprehensive loss (126.0) (127.4) (142.1)
Total shareholders' equity 8,134.1 8,118.6 7,491.9
Noncontrolling interest 24.4 23.9 24.7
Total equity 8,158.5 8,142.5 7,516.6
Total liabilities and equity $ 16,712.1 $ 17,104.8 $ 13,910.9