v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 376.8 $ 329.2
Trade accounts and notes receivable, net of allowance for credit losses of $3.8 and $3.1 494.1 495.3
Inventories, net 694.6 638.1
Deferred tax charges and refundable income taxes 42.2 39.6
Assets held-for-sale 4.8 5.5
Other current assets 93.0 108.6
Total current assets 1,705.5 1,616.3
Property, plant and equipment, net of accumulated depreciation of $1,147.4 and $1,057.4 1,662.3 1,622.9
Other assets:    
Right-of-use assets - Operating lease 59.1 62.5
Right-of-use assets - Finance lease 20.2 20.9
Goodwill 3,944.9 3,943.6
Intangible assets, net of accumulated amortization of $1,092.6 and $999.6 999.0 1,091.7
Deferred tax assets and other noncurrent tax assets 33.9 12.5
Other noncurrent assets 24.6 24.2
Total assets 8,449.5 8,394.6
Current liabilities:    
Current portion of long-term debt 50.0 0.0
Accounts payable 156.8 193.3
Accrued payroll and related benefits 84.3 114.7
Accrued interest payable 33.9 24.3
Liabilities held-for-sale 0.9 1.2
Other accrued liabilities 114.7 111.2
Income taxes payable 76.6 80.5
Total current liabilities 517.2 525.2
Long-term debt, net of unamortized discount and debt issuance costs of $57.2 and $63.9 3,937.8 3,981.1
Pension benefit obligations and other liabilities 65.1 54.5
Deferred tax liabilities and other noncurrent tax liabilities 51.9 70.2
Long term lease liability - Operating lease 50.6 53.7
Long term lease liability - Finance lease 17.8 18.4
Equity:    
Preferred stock, par value $0.01; 5.0 shares authorized; none issued and outstanding as of June 28, 2025 and December 31, 2024 0.0 0.0
Common stock, par value $0.01; 400.0 shares authorized; issued and outstanding shares as of June 28, 2025: 151.6 and 151.4, respectively; issued and outstanding shares as of December 31, 2024: 151.3 and 151.1, respectively 1.5 1.5
Treasury stock, at cost: 0.2 shares held as of June 28, 2025 and December 31, 2024 (7.1) (7.1)
Additional paid-in capital 2,408.7 2,385.3
Retained earnings 1,469.1 1,383.9
Accumulated other comprehensive loss (63.1) (72.1)
Total equity 3,809.1 3,691.5
Total liabilities and equity $ 8,449.5 $ 8,394.6