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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 665.3 $ 588.7
Accounts receivable, net of allowance for credit losses of $32.6 and $28.8, respectively 4,718.8 4,567.5
Merchandise inventory 724.8 668.1
Miscellaneous receivables 545.3 470.5
Prepaid expenses and other 389.4 410.2
Total current assets 7,043.6 6,705.0
Operating lease right-of-use assets 130.9 128.8
Property and equipment, net 186.9 195.5
Goodwill 4,409.3 4,413.4
Other intangible assets, net 1,295.0 1,369.7
Other assets 573.0 472.2
Total Assets 13,638.7 13,284.6
Current liabilities:    
Accounts payable-trade 3,118.6 2,881.0
Accounts payable-inventory financing 404.2 430.9
Current maturities of long-term debt 1,203.5 613.1
Contract liabilities 451.4 487.4
Accrued expenses and other current liabilities:    
Compensation 296.2 303.0
Advertising 145.1 119.9
Sales and income taxes 80.7 52.4
Other 508.4 554.3
Total current liabilities 6,208.1 5,442.0
Long-term liabilities:    
Debt 4,424.8 5,031.8
Deferred income taxes 151.7 171.4
Operating lease liabilities 161.7 164.0
Other liabilities 517.5 432.9
Total long-term liabilities 5,255.7 5,800.1
Commitments and contingencies (Note 9)
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; 133.6 and 134.1 shares outstanding, respectively 1.3 1.3
Paid-in capital 3,789.9 3,691.3
Accumulated deficit (1,481.3) (1,525.5)
Accumulated other comprehensive loss (135.0) (124.6)
Total stockholders’ equity 2,174.9 2,042.5
Total Liabilities and Stockholders’ Equity $ 13,638.7 $ 13,284.6