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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 388.0 $ 371.0
Receivables (net of allowance of $9 and $8 at December 31, 2024 and 2023, respectively) 643.0 548.0
Inventories 1,147.0 1,186.0
Prepaid and other current assets 142.0 140.0
Total current assets 2,320.0 2,245.0
Non-current assets    
Property, plant and equipment – net 714.0 570.0
Goodwill 1,093.0 295.0
Intangible assets – net 1,107.0 16.0
Other assets 496.0 489.0
Total assets 5,730.0 3,615.0
Current liabilities    
Current portion of long-term debt 4.0 3.0
Trade accounts payable 580.0 703.0
Accrued compensation and benefits 117.0 135.0
Other current liabilities 372.0 278.0
Total current liabilities 1,073.0 1,119.0
Non-current liabilities    
Long-term debt, less current portion 2,580.0 620.0
Other non-current liabilities 245.0 204.0
Total liabilities 3,898.0 1,943.0
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 85.1 and 84.6 shares at December 31, 2024 and 2023, respectively 1.0 1.0
Additional paid-in capital 921.0 906.0
Retained earnings 1,964.0 1,675.0
Accumulated other comprehensive income (loss) (382.0) (287.0)
Less cost of shares of common stock in treasury – 19.4 and 18.5 shares at December 31, 2024 and 2023, respectively (672.0) (623.0)
Total stockholders’ equity 1,832.0 1,672.0
Total liabilities and stockholders’ equity $ 5,730.0 $ 3,615.0