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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 393.5 $ 180.2
Restricted cash 0.8 19.1
Accounts receivable, less allowances of $11.6 million and $10.8 million, respectively 200.5 167.3
Inventories 794.4 959.2
Prepaid expenses 55.8 57.1
Other current assets 183.1 136.0
Total current assets 1,628.1 1,518.9
Property, plant and equipment, net 2,156.5 1,809.6
Operating lease right-of-use assets, net 1,410.1 1,419.1
Tradenames and trademarks 1,421.8 1,412.7
Other intangible assets, net 83.7 91.0
Goodwill 1,988.7 1,983.7
Other assets, net 431.7 355.4
Total assets 9,120.6 8,590.4
Current liabilities:    
Accounts payable and accrued expenses 480.5 580.0
Accrued employee compensation and benefits 113.1 135.2
Asset-based credit facilities 54.7 219.3
Operating lease liabilities, short-term 86.4 76.4
Construction advances 59.3 35.4
Deferred revenue 110.9 94.9
Other current liabilities 42.7 35.0
Total current liabilities 947.6 1,176.2
Long-term liabilities    
Long-term debt, net 1,518.2 1,176.3
Operating lease liabilities, long-term 1,433.4 1,437.5
Deemed landlord financing obligations, long-term 980.0 658.0
Deferred taxes, net 36.7 117.5
Other long-term liabilities 326.5 250.6
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at December 31, 2023 and December 31, 2022 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, 187.0 million shares issued at December 31, 2023 and December 31, 2022 1.9 1.9
Additional paid-in capital 3,032.7 3,012.7
Retained earnings 947.5 852.5
Accumulated other comprehensive loss (47.5) (61.5)
Less: Common stock held in treasury, at cost, 3.3 million shares and 1.3 million shares at December 31, 2023 and December 31, 2022, respectively (56.4) (31.3)
Total shareholders’ equity 3,878.2 3,774.3
Total liabilities and shareholders’ equity $ 9,120.6 $ 8,590.4