XML 22 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 370.7 $ 304.1
Receivables (net of allowance of $8.3 and $9.4 at December 31, 2023 and 2022, respectively) 547.8 547.5
Inventories 1,186.0 988.4
Prepaid and other current assets 140.7 122.0
Total current assets 2,245.2 1,962.0
Non-current assets    
Property, plant and equipment – net 569.8 465.6
Goodwill 294.6 284.4
Intangible assets – net 15.7 17.4
Other assets 490.2 388.7
Total assets 3,615.5 3,118.1
Current liabilities    
Current portion of long-term debt 2.8 1.9
Trade accounts payable 702.6 624.6
Accrued compensation and benefits 135.6 103.0
Other current liabilities 278.2 269.1
Total current liabilities 1,119.2 998.6
Non-current liabilities    
Long-term debt, less current portion 620.4 773.6
Other non-current liabilities 203.6 164.7
Total liabilities 1,943.2 1,936.9
Commitments and contingencies
Stockholders’ equity    
Common stock, $.01 par value – authorized 300.0 shares; issued 84.6 and 84.0 shares at December 31, 2023 and 2022, respectively 0.9 0.9
Additional paid-in capital 906.1 881.6
Retained earnings 1,674.8 1,200.6
Accumulated other comprehensive income (loss) (287.1) (341.6)
Less cost of shares of common stock in treasury – 18.5 and 17.2 shares at December 31, 2023 and 2022, respectively (622.4) (560.3)
Total stockholders’ equity 1,672.3 1,181.2
Total liabilities and stockholders’ equity $ 3,615.5 $ 3,118.1