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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 124.4 $ 202.9
Trade accounts receivable, net of allowance for credit losses of $12.3 million and $7.7 million at September 30, 2023 and December 31, 2022, respectively 356.9 445.9
Inventories 584.6 501.0
Other current assets 171.6 158.8
Total current assets 1,237.5 1,308.6
Lease receivable, non-current 79.9 73.1
Deferred costs and other contract assets 44.7 41.9
Property and equipment, net 415.0 402.5
Intangible assets, net 405.5 460.6
Trademarks - (Note 9) 224.5 262.0
Goodwill 400.1 445.4
Deferred tax assets 88.2 102.5
Other non-current assets 100.5 114.0
Total assets 2,995.9 3,210.6
Current liabilities    
Accounts payable 283.5 276.8
Accrued compensation 55.9 89.3
Deferred revenue and other contract liabilities, current 73.1 80.6
Other current liabilities 166.3 183.3
Total current liabilities 578.8 630.0
Long-term debt 910.1 941.6
Deferred tax liabilities 112.1 163.6
Other non-current liabilities 119.3 136.5
Total liabilities 1,720.3 1,871.7
Commitments and contingencies - (Note 24)
Stockholders’ equity    
Preferred stock, $0.001 par value; 5.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 100.0 million shares authorized; 52.8 million and 52.5 million shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 0.1 0.1
Treasury stock, 19.5 million and 19.5 million shares at September 30, 2023 and December 31, 2022, respectively (1,169.2) (1,169.2)
Additional paid-in capital 773.7 782.2
Accumulated other comprehensive (loss) income (90.9) 11.5
Retained earnings 1,761.9 1,714.3
Total stockholders’ equity 1,275.6 1,338.9
Total liabilities and stockholders’ equity 2,995.9 3,210.6
Customer relationships    
Current assets    
Intangible assets, net 175.5 201.6
Acquired technologies    
Current assets    
Intangible assets, net 129.3 160.1
Other intangible assets, net - (Note 9)    
Current assets    
Intangible assets, net $ 100.7 $ 98.9