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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 634.0 $ 685.0
Short-term marketable debt securities 94.7 102.0
Accounts receivable, net of allowance for credit losses and customer deductions of $18.1 million and $20.6 million as of September 30, 2025 and December 31, 2024, respectively 1,352.3 1,144.0
Inventories 1,277.1 1,124.9
Prepaid expenses and other current assets 81.1 166.9
Federal and state income taxes receivable 58.2 10.2
Total current assets 3,497.4 3,233.0
Property, plant, and equipment, net 5,043.3 4,039.0
Goodwill 1,199.8 922.4
Other intangible assets, net 690.6 191.9
Operating lease right-of-use assets 369.0 276.9
Long-term marketable debt securities 77.7 65.2
Other long-term assets 102.2 104.8
Total assets 10,980.0 8,833.2
Current liabilities:    
Operating lease obligations 96.0 80.5
Finance lease obligations 2.2 2.1
Accounts payable 554.2 430.3
Dividends payable 116.2 116.3
Accrued liabilities 298.4 362.9
Accrued interest 40.5 9.5
Total current liabilities 1,107.5 1,001.6
Long-term liabilities:    
Long-term debt 3,966.4 2,474.2
Operating lease obligations 286.9 208.0
Finance lease obligations 5.4 6.7
Deferred income taxes 671.8 561.9
Compensation and benefits 101.9 95.9
Other long-term liabilities 84.6 80.9
Total long-term liabilities 5,117.0 3,427.6
Commitments and contingent liabilities (Note 19)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 90.0 million and 89.8 million shares issued as of September 30, 2025 and December 31, 2024, respectively 0.9 0.9
Additional paid in capital 707.7 669.8
Retained earnings 4,087.3 3,776.7
Accumulated other comprehensive loss (40.4) (43.4)
Total stockholders' equity 4,755.5 4,404.0
Total liabilities and stockholders' equity $ 10,980.0 $ 8,833.2