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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 580.0 $ 620.8
Receivables – net 521.7 465.9
Inventories – net 479.4 429.7
Other current assets 62.1 76.3
Total current assets 1,643.2 1,592.7
Property, plant and equipment – net 468.0 460.4
Goodwill 3,414.5 3,251.7
Intangible assets – net 1,247.4 1,284.8
Other noncurrent assets 153.9 155.7
Total assets 6,927.0 6,745.3
Current liabilities    
Trade accounts payable 224.7 197.8
Accrued expenses 297.0 278.7
Current portion of long-term borrowings 0.7 100.7
Dividends payable 53.0 52.5
Total current liabilities 575.4 629.7
Long-term borrowings – net 1,820.1 1,859.5
Deferred income taxes 303.0 267.2
Other noncurrent liabilities 202.3 194.8
Total liabilities 2,900.8 2,951.2
Commitments and contingencies (Note 10)
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, $0.01 per share par value Issued: 90.1 million shares at both December 31, 2025 and 2024 0.9 0.9
Treasury stock at cost: 15.5 million shares at December 31, 2025 and 14.2 million shares at December 31, 2024 (1,423.2) (1,170.3)
Additional paid-in capital 892.1 864.8
Retained earnings 4,500.1 4,230.2
Accumulated other comprehensive income (loss) 57.6 (130.9)
Total shareholders’ equity 4,027.5 3,794.7
Noncontrolling interest (1.3) (0.6)
Total equity 4,026.2 3,794.1
Total liabilities and equity $ 6,927.0 $ 6,745.3