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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 568.2 $ 620.8
Receivables – net 476.1 465.9
Inventories – net 487.8 429.7
Other current assets 84.4 76.3
Total current assets 1,616.5 1,592.7
Property, plant and equipment – net of accumulated depreciation of $639.7 and $589.9 at June 30, 2025 and December 31, 2024, respectively 464.8 460.4
Goodwill 3,368.6 3,251.7
Intangible assets – net 1,269.4 1,284.8
Other noncurrent assets 156.8 155.7
Total assets 6,876.1 6,745.3
Current liabilities    
Trade accounts payable 204.2 197.8
Accrued expenses 271.3 278.7
Current portion of long-term borrowings 0.8 100.7
Dividends payable 53.5 52.5
Total current liabilities 529.8 629.7
Long-term borrowings – net 1,847.1 1,859.5
Deferred income taxes 283.2 267.2
Other noncurrent liabilities 205.6 194.8
Total liabilities 2,865.7 2,951.2
Commitments and contingencies (Note 15)
Preferred stock:    
Authorized: 5.0 million shares, $0.01 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 June 30, 2025 and December 31, 2024 0.9 0.9
Treasury stock at cost: 14.7 million shares at June 30, 2025 and 14.2 million shares at December 31, 2024 (1,271.4) (1,170.3)
Additional paid-in capital 883.6 864.8
Retained earnings 4,350.3 4,230.2
Accumulated other comprehensive income (loss) 48.2 (130.9)
Total shareholders’ equity 4,011.6 3,794.7
Noncontrolling interest (1.2) (0.6)
Total equity 4,010.4 3,794.1
Total liabilities and equity $ 6,876.1 $ 6,745.3