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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 594.1 $ 620.8
Receivables – net 482.6 465.9
Inventories – net 466.3 429.7
Other current assets 83.7 76.3
Total current assets 1,626.7 1,592.7
Property, plant and equipment – net of accumulated depreciation of $611.8 and $589.9 at March 31, 2025 and December 31, 2024, respectively 459.6 460.4
Goodwill 3,286.7 3,251.7
Intangible assets – net 1,268.3 1,284.8
Other noncurrent assets 153.8 155.7
Total assets 6,795.1 6,745.3
Current liabilities    
Trade accounts payable 208.3 197.8
Accrued expenses 274.6 278.7
Current portion of long-term borrowings 100.7 100.7
Dividends payable 0.0 52.5
Total current liabilities 583.6 629.7
Long-term borrowings – net 1,839.1 1,859.5
Deferred income taxes 273.1 267.2
Other noncurrent liabilities 193.4 194.8
Total liabilities 2,889.2 2,951.2
Commitments and contingencies (Note 15)
Preferred stock:    
Authorized: 5.0 million shares, $.01 per share par value; Issued: None 0.0 0.0
Common stock:    
Authorized: 150.0 million shares, $.01 per share par value Issued: 90.1 million shares at both March 31, 2025 and December 31, 2024 0.9 0.9
Treasury stock at cost: 14.4 million shares at March 31, 2025 and 14.2 million shares at December 31, 2024 (1,221.2) (1,170.3)
Additional paid-in capital 878.4 864.8
Retained earnings 4,325.7 4,230.2
Accumulated other comprehensive loss (77.2) (130.9)
Total shareholders’ equity 3,906.6 3,794.7
Noncontrolling interest (0.7) (0.6)
Total equity 3,905.9 3,794.1
Total liabilities and equity $ 6,795.1 $ 6,745.3