v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 442.7 $ 360.4
Trade accounts receivable, net of allowance for credit losses of $4.5 and $4.8 529.5 458.7
Inventories, net 644.4 643.2
Deferred tax charges and refundable income taxes 29.0 35.1
Other current assets 140.4 140.8
Total current assets 1,786.0 1,638.2
Property, plant and equipment, net of accumulated depreciation of $1,240.0 and $1,219.2 1,636.6 1,636.1
Right-of-use assets - Operating lease 98.6 90.2
Right-of-use assets - Finance lease 17.9 18.5
Goodwill 3,947.6 3,946.7
Intangible assets, net of accumulated amortization of $1,232.4 and $1,186.0 860.7 906.9
Deferred tax assets and other noncurrent tax assets 110.0 91.6
Other noncurrent assets 17.7 22.3
Total assets 8,475.1 8,350.5
Current liabilities:    
Accounts payable 209.0 171.5
Accrued payroll and related benefits 79.5 96.5
Accrued interest payable 64.9 24.3
Other accrued liabilities 111.5 113.9
Income taxes payable 90.7 82.4
Total current liabilities 555.6 488.6
Long-term debt, net of unamortized discount and debt issuance costs of $43.8 and $47.4 3,651.2 3,697.6
Pension benefit obligations and other liabilities 71.3 71.5
Deferred tax liabilities and other noncurrent tax liabilities 41.5 40.8
Long-term lease liability - Operating lease 89.7 81.6
Long-term lease liability - Finance lease 16.6 17.0
Equity:    
Preferred stock, par value $0.01; 5.0 shares authorized; none issued and outstanding as of March 28, 2026 and December 31, 2025 0.0 0.0
Common stock, par value $0.01; 400.0 shares authorized; issued and outstanding shares as of March 28, 2026: 152.5 and 152.3, respectively; issued and outstanding shares as of December 31, 2025: 152.1 and 151.9, respectively 1.5 1.5
Treasury stock, at cost: 0.2 shares held as of March 28, 2026 and December 31, 2025 (7.1) (7.1)
Additional paid-in capital 2,492.6 2,472.0
Retained earnings 1,635.2 1,558.4
Accumulated other comprehensive loss (73.0) (71.4)
Total equity 4,049.2 3,953.4
Total liabilities and equity $ 8,475.1 $ 8,350.5