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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 105.6 $ 259.1
Accounts receivable, net of allowance for doubtful accounts (June 30, 2024: $7.3; December 31, 2023: $6.7) 541.9 490.8
Inventories 410.4 404.7
Other current assets 36.0 39.5
Total current assets 1,093.9 1,194.1
Investments in unconsolidated affiliate 269.0 252.2
Property, plant and equipment, net of accumulated depreciation (June 30, 2024: $793.7; December 31, 2023: $778.2) 610.0 643.7
Other assets    
Goodwill 61.7 63.8
Other intangible assets, net 645.9 693.9
Right-of-use assets - operating, net 57.0 65.3
Deferred income tax assets 32.9 44.3
Deferred charges and other assets 77.4 71.9
Total other assets 874.9 939.2
Total assets 2,847.8 3,029.2
Current liabilities    
Short-term borrowings and current portion of long-term debt 22.8 20.9
Accounts payable 425.8 449.7
Current lease liabilities - operating 14.6 16.3
Income taxes payable 7.8 10.9
Accrued expenses and other current liabilities 191.1 174.8
Total current liabilities 662.1 672.6
Noncurrent liabilities    
Long-term debt, net of unamortized deferred financing fees 2,275.8 2,277.6
Noncurrent lease liabilities - operating 44.6 51.7
Deferred income tax liabilities 41.6 43.5
Other noncurrent obligations 237.5 251.8
Total noncurrent liabilities 2,599.5 2,624.6
Commitments and contingencies (Note 14)
Shareholders' equity    
Ordinary shares, $0.01 nominal value, 4,000.0 shares authorized (June 30, 2024: 39.5 shares issued and 35.4 shares outstanding; December 31, 2023: 39.4 shares issued and 35.2 shares outstanding) 0.4 0.4
Preferred shares, €0.01 nominal value, 1,000.0 shares authorized (no shares issued or outstanding)
Additional paid-in-capital 510.1 504.2
Treasury shares, at cost (June 30, 2024: 4.1 shares; December 31, 2023: 4.1 shares) (200.0) (200.0)
Accumulated deficit (586.9) (443.0)
Accumulated other comprehensive loss (137.4) (129.6)
Total shareholders' equity (413.8) (268.0)
Total liabilities and shareholders' equity $ 2,847.8 $ 3,029.2