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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 319.3 $ 370.7
Receivables (net of allowance of $10.4 and $8.3 at June 30, 2024 and December 31, 2023, respectively) 719.4 547.8
Inventories 1,232.8 1,186.0
Prepaid and other current assets 130.1 140.7
Total current assets 2,401.6 2,245.2
Non-current assets    
Property, plant and equipment – net 574.5 569.8
Goodwill 291.3 294.6
Intangible assets – net 14.1 15.7
Other assets 498.0 490.2
Total assets 3,779.5 3,615.5
Current liabilities    
Current portion of long-term debt 3.4 2.8
Trade accounts payable 703.7 702.6
Accrued compensation and benefits 98.6 135.6
Other current liabilities 282.2 278.2
Total current liabilities 1,087.9 1,119.2
Non-current liabilities    
Long-term debt, less current portion 662.2 620.4
Other non-current liabilities 205.5 203.6
Total liabilities 1,955.6 1,943.2
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 85.1 and 84.6 shares at June 30, 2024 and December 31, 2023, respectively 0.9 0.9
Additional paid-in capital 909.0 906.1
Retained earnings 1,900.8 1,674.8
Accumulated other comprehensive income (loss) (342.7) (287.1)
Less cost of shares of common stock in treasury – 18.8 and 18.5 shares at June 30, 2024 and December 31, 2023 (644.1) (622.4)
Total stockholders’ equity 1,823.9 1,672.3
Total liabilities and stockholders’ equity $ 3,779.5 $ 3,615.5