XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 352.3 $ 304.1
Receivables (net of allowance of $9.9 and $9.4 at September 30, 2023 and December 31, 2022, respectively) 645.1 547.5
Inventories 1,117.0 988.4
Prepaid and other current assets 130.1 122.0
Total current assets 2,244.5 1,962.0
Non-current assets    
Property, plant and equipment – net 500.5 465.6
Goodwill 284.8 284.4
Intangible assets – net 15.8 17.4
Other assets 415.5 388.7
Total assets 3,461.1 3,118.1
Current liabilities    
Current portion of long-term debt 2.4 1.9
Trade accounts payable 668.3 624.6
Other current liabilities 391.4 372.1
Total current liabilities 1,062.1 998.6
Non-current liabilities    
Long-term debt, less current portion 706.3 773.6
Non-current operating leases 91.4 62.8
Other non-current liabilities 105.1 101.9
Total liabilities 1,964.9 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 September 30, 2023 and December 31, 2022, respectively 0.9 0.9
Additional paid-in capital 888.0 881.6
Retained earnings 1,559.5 1,200.6
Accumulated other comprehensive income (loss) (357.3) (341.6)
Less cost of shares of common stock in treasury – 17.9 and 17.2 shares at September 30, 2023 and December 31, 2022, respectively (594.9) (560.3)
Total stockholders’ equity 1,496.2 1,181.2
Total liabilities and stockholders’ equity $ 3,461.1 $ 3,118.1