XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Sep. 27, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 399.8 $ 329.2
Trade accounts and notes receivable, net of allowance for credit losses of $3.1 and $3.1 493.2 495.3
Inventories, net 646.8 638.1
Deferred tax charges and refundable income taxes 45.8 39.6
Assets held-for-sale 4.1 5.5
Other current assets 107.2 108.6
Total current assets 1,696.9 1,616.3
Property, plant and equipment, net of accumulated depreciation of $1,197.6 and $1,057.4 1,654.5 1,622.9
Right-of-use assets - Operating lease 55.5 62.5
Right-of-use assets - Finance lease 19.0 20.9
Goodwill 3,945.2 3,943.6
Intangible assets, net of accumulated amortization of $1,139.1 and $999.6 953.3 1,091.7
Deferred tax assets and other noncurrent tax assets 53.1 12.5
Other noncurrent assets 24.3 24.2
Total assets 8,401.8 8,394.6
Current liabilities:    
Accounts payable 146.5 193.3
Accrued payroll and related benefits 94.2 114.7
Accrued interest payable 70.2 24.3
Liabilities held-for-sale 1.0 1.2
Other accrued liabilities 119.8 111.2
Income taxes payable 61.0 80.5
Total current liabilities 492.7 525.2
Long-term debt, net of unamortized discount and debt issuance costs of $52.2 and $63.9 3,842.8 3,981.1
Pension benefit obligations and other liabilities 69.0 54.5
Deferred tax liabilities and other noncurrent tax liabilities 41.2 70.2
Long term lease liability - Operating lease 47.9 53.7
Long term lease liability - Finance lease 17.4 18.4
Equity:    
Preferred stock, par value $0.01; 5.0 shares authorized; none issued and outstanding as of September 27, 2025 and December 31, 2024 0.0 0.0
Common stock, par value $0.01; 400.0 shares authorized; issued and outstanding shares as of September 27, 2025: 151.8 and 151.6, respectively; issued and outstanding shares as of December 31, 2024: 151.3 and 151.1, respectively 1.5 1.5
Treasury stock, at cost: 0.2 shares held as of September 27, 2025 and December 31, 2024 (7.1) (7.1)
Additional paid-in capital 2,439.7 2,385.3
Retained earnings 1,524.4 1,383.9
Accumulated other comprehensive loss (67.7) (72.1)
Total equity 3,890.8 3,691.5
Total liabilities and equity $ 8,401.8 $ 8,394.6
Common stock, shares outstanding (in shares) 151.6 151.1