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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 254.2 $ 304.1
Trade receivables (net of allowance of $10.1 and $9.4 at March 31, 2023 and December 31, 2022, respectively) 630.1 547.5
Inventories 1,083.2 988.4
Prepaid and other current assets 122.9 122.0
Total current assets 2,090.4 1,962.0
Non-current assets    
Property, plant and equipment – net 478.9 465.6
Goodwill 287.2 284.4
Intangible assets – net 16.8 17.4
Other assets 407.9 388.7
Total assets 3,281.2 3,118.1
Current liabilities    
Current portion of long-term debt 2.1 1.9
Trade accounts payable 686.7 624.6
Other current liabilities 361.7 372.1
Total current liabilities 1,050.5 998.6
Non-current liabilities    
Long-term debt, less current portion 774.9 773.6
Other non-current liabilities 161.2 164.7
Total liabilities 1,986.6 1,936.9
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 84.6 and 84.0 shares at March 31, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid-in capital 868.9 881.6
Retained earnings 1,302.9 1,200.6
Accumulated other comprehensive income (loss) (315.3) (341.6)
Less cost of shares of common stock in treasury – 17.3 and 17.2 shares at March 31, 2023 and December 31, 2022, respectively (562.8) (560.3)
Total stockholders’ equity 1,294.6 1,181.2
Total liabilities and stockholders’ equity $ 3,281.2 $ 3,118.1