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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 279.4 $ 315.2
Accounts receivable, net of allowance for credit losses of $27.4 and $25.7, respectively 4,262.3 4,461.3
Merchandise inventory 781.1 800.2
Miscellaneous receivables 469.4 489.1
Prepaid expenses and other 487.7 498.2
Total current assets 6,279.9 6,564.0
Operating lease right-of-use assets 145.7 149.2
Property and equipment, net 187.4 188.8
Goodwill 4,365.5 4,342.7
Other intangible assets, net 1,455.0 1,490.7
Other assets 334.6 396.1
Total Assets 12,768.1 13,131.5
Current liabilities:    
Accounts payable-trade 2,644.0 2,821.3
Accounts payable-inventory financing 532.2 519.0
Current maturities of long-term debt 45.7 56.3
Contract liabilities 495.7 485.5
Accrued expenses and other current liabilities:    
Compensation 287.8 377.8
Advertising 126.2 130.5
Sales and income taxes 130.1 73.5
Other 516.2 483.2
Total current liabilities 4,777.9 4,947.1
Long-term liabilities:    
Debt 5,749.9 5,866.4
Deferred income taxes 193.0 203.4
Operating lease liabilities 171.0 175.2
Other liabilities 307.4 336.1
Total long-term liabilities 6,421.3 6,581.1
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods 0.0 0.0
Common stock, $0.01 par value, 1,000.0 shares authorized; 135.0 and 135.5 shares outstanding, respectively 1.4 1.4
Paid-in capital 3,557.3 3,518.1
Accumulated deficit (1,847.0) (1,763.8)
Accumulated other comprehensive loss (142.8) (152.4)
Total stockholders’ equity 1,568.9 1,603.3
Total Liabilities and Stockholders’ Equity $ 12,768.1 $ 13,131.5