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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 593.8 $ 620.8
Receivables – net 500.2 465.9
Inventories – net 495.1 429.7
Other current assets 65.8 76.3
Total current assets 1,654.9 1,592.7
Property, plant and equipment – net of accumulated depreciation of $653.4 and $589.9 at September 30, 2025 and December 31, 2024, respectively 468.6 460.4
Goodwill 3,408.8 3,251.7
Intangible assets – net 1,281.5 1,284.8
Other noncurrent assets 155.9 155.7
Total assets 6,969.7 6,745.3
Current liabilities    
Trade accounts payable 208.1 197.8
Accrued expenses 302.0 278.7
Current portion of long-term borrowings 0.7 100.7
Dividends payable 53.2 52.5
Total current liabilities 564.0 629.7
Long-term borrowings – net 1,901.6 1,859.5
Deferred income taxes 287.8 267.2
Other noncurrent liabilities 206.2 194.8
Total liabilities 2,959.6 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 September 30, 2025 and December 31, 2024 0.9 0.9
Treasury stock at cost: 15.1 million shares at September 30, 2025 and 14.2 million shares at December 31, 2024 (1,348.1) (1,170.3)
Additional paid-in capital 888.5 864.8
Retained earnings 4,424.8 4,230.2
Accumulated other comprehensive income (loss) 45.3 (130.9)
Total shareholders’ equity 4,011.4 3,794.7
Noncontrolling interest (1.3) (0.6)
Total equity 4,010.1 3,794.1
Total liabilities and equity $ 6,969.7 $ 6,745.3