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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 200.3 $ 352.2
Restricted cash 0.5 1.2
Accounts receivable, less allowances of $10.0 million and $6.2 million, respectively 275.0 105.3
Inventories 722.3 533.5
Prepaid expenses 47.4 54.2
Other current assets 115.3 119.3
Total current assets 1,360.8 1,165.7
Property, plant and equipment, net 1,676.5 1,451.4
Operating lease right-of-use assets, net 1,411.5 1,384.5
Intangible assets, net 1,486.7 1,528.6
Goodwill 1,981.4 1,960.1
Other assets 304.8 257.5
Total assets 8,221.7 7,747.8
Current liabilities:    
Accounts payable and accrued expenses 526.0 491.2
Accrued employee compensation and benefits 129.9 128.9
Asset-based credit facilities 99.6 9.1
Operating lease liabilities, short-term 72.7 72.3
Construction advances 71.1 22.9
Deferred revenue 94.4 93.9
Other current liabilities 45.3 47.7
Total current liabilities 1,039.0 866.0
Long-term liabilities:    
Long-term debt, net 1,065.9 1,025.3
Operating lease liabilities, long-term 1,428.9 1,385.4
Deemed landlord financing obligations, long-term 577.0 460.6
Deferred taxes, net 107.0 163.6
Other long-term liabilities 197.4 164.0
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, and 186.2 million shares issued at September 30, 2022 and December 31, 2021 1.9 1.9
Additional paid-in capital 3,004.2 3,051.6
Retained earnings 925.2 682.2
Accumulated other comprehensive loss (92.6) (27.3)
Less: Common stock held in treasury, at cost, 1.3 million shares and 1.0 million shares at September 30, 2022 and December 31, 2021, respectively (32.2) (25.5)
Total shareholders’ equity 3,806.5 3,682.9
Total liabilities and shareholders’ equity $ 8,221.7 $ 7,747.8