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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 452.9 $ 503.5
Short-term investments 0.0 214.2
Accounts receivable, net of allowance for credit losses of $57.8 and $43.3, respectively 5,785.1 5,135.8
Merchandise inventory 504.7 605.3
Miscellaneous receivables 613.3 509.9
Prepaid expenses and other 421.4 404.4
Total current assets 7,777.4 7,373.1
Operating lease right-of-use assets 102.9 120.2
Property and equipment, net 177.1 192.0
Goodwill 4,642.1 4,620.4
Other intangible assets, net 1,225.7 1,356.6
Accounts receivable and other assets, noncurrent 1,272.4 1,016.1
Total Assets 15,197.6 14,678.4
Current liabilities:    
Accounts payable-trade 3,678.8 3,381.3
Accounts payable-inventory financing 331.0 355.2
Current maturities of long-term debt 9.1 235.8
Contract liabilities 477.0 491.0
Accrued expenses and other current liabilities:    
Compensation 282.6 275.8
Advertising 192.7 137.7
Sales and income taxes 116.4 61.6
Other 506.2 536.0
Total current liabilities 5,593.8 5,474.4
Long-term liabilities:    
Debt 5,619.7 5,607.0
Deferred income taxes 165.3 167.4
Operating lease liabilities 128.8 149.1
Accounts payable and other liabilities 1,150.3 927.8
Total long-term liabilities 7,064.1 6,851.3
Commitments and contingencies (Note 10)
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; 130.3 and 132.6 shares outstanding, respectively 1.3 1.3
Paid-in capital 3,955.9 3,834.4
Accumulated deficit (1,311.0) (1,322.9)
Accumulated other comprehensive loss (106.5) (160.1)
Total stockholders’ equity 2,539.7 2,352.7
Total Liabilities and Stockholders’ Equity $ 15,197.6 $ 14,678.4