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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 445.0 $ 393.5
Restricted cash 0.7 0.8
Accounts receivable, less allowances of $8.9 million and $11.6 million, respectively 175.7 200.5
Inventories 757.3 794.4
Prepaid expenses 61.7 55.8
Other current assets 160.3 183.1
Total current assets 1,600.7 1,628.1
Property, plant and equipment, net 2,219.0 2,156.5
Operating lease right-of-use assets, net 1,339.2 1,410.1
Trade names and trademarks 1,303.9 1,421.8
Other intangible assets, net 68.7 83.7
Goodwill 620.2 1,988.7
Other assets, net 484.4 431.7
Total assets 7,636.1 9,120.6
Current liabilities:    
Accounts payable and accrued expenses 451.3 480.5
Accrued employee compensation and benefits 113.4 113.1
Asset-based credit facilities 25.4 54.7
Operating lease liabilities, short-term 89.3 86.4
Construction advances 6.0 59.3
Deferred revenue 96.0 110.9
Other current liabilities 44.5 42.7
Total current liabilities 825.9 947.6
Long-term debt, net 1,457.9 1,518.2
Operating lease liabilities, long-term 1,377.1 1,433.4
Deemed landlord financing obligations 1,194.8 980.0
Deferred taxes, net 24.9 36.7
Other long-term liabilities 347.8 326.5
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, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, 186.2 million and 187.0 million shares issued at December 31, 2024 and December 31, 2023, respectively 1.9 1.9
Additional paid-in capital 3,032.8 3,032.7
(Accumulated Deficit) Retained Earnings (500.2) 947.5
Accumulated other comprehensive loss (76.0) (47.5)
Less: Common stock held in treasury, at cost, 3.1 million shares and 3.3 million shares at December 31, 2024 and December 31, 2023, respectively (50.8) (56.4)
Total shareholders’ equity 2,407.7 3,878.2
Total liabilities and shareholders’ equity $ 7,636.1 $ 9,120.6