XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 297.7 $ 304.1
Receivables (net of allowance of $10.5 and $9.4 at June 30, 2023 and December 31, 2022, respectively) 681.2 547.5
Inventories 1,122.0 988.4
Prepaid and other current assets 116.9 122.0
Total current assets 2,217.8 1,962.0
Non-current assets    
Property, plant and equipment – net 490.7 465.6
Goodwill 291.1 284.4
Intangible assets – net 16.8 17.4
Other assets 398.8 388.7
Total assets 3,415.2 3,118.1
Current liabilities    
Current portion of long-term debt 2.4 1.9
Trade accounts payable 690.3 624.6
Other current liabilities 380.9 372.1
Total current liabilities 1,073.6 998.6
Non-current liabilities    
Long-term debt, less current portion 734.3 773.6
Other non-current liabilities 175.1 164.7
Total liabilities 1,983.0 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 June 30, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid-in capital 879.1 881.6
Retained earnings 1,452.0 1,200.6
Accumulated other comprehensive income (loss) (305.3) (341.6)
Less cost of shares of common stock in treasury – 17.9 and 17.2 shares at June 30, 2023 and December 31, 2022, respectively (594.5) (560.3)
Total stockholders’ equity 1,432.2 1,181.2
Total liabilities and stockholders’ equity $ 3,415.2 $ 3,118.1