v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 621.3 $ 580.0
Receivables – net 547.8 521.7
Inventories – net 520.3 479.4
Other current assets 83.9 62.1
Total current assets 1,773.3 1,643.2
Property, plant and equipment – net of accumulated depreciation of $686.4 and $654.3 at June 30, 2026 and December 31, 2025, respectively 463.6 468.0
Goodwill 3,382.6 3,414.5
Intangible assets – net 1,164.5 1,247.4
Other noncurrent assets 146.0 153.9
Total assets 6,930.0 6,927.0
Current liabilities    
Trade accounts payable 233.7 224.7
Accrued expenses 293.5 297.0
Current portion of long-term borrowings 0.4 0.7
Dividends payable 54.0 53.0
Total current liabilities 581.6 575.4
Long-term borrowings – net 1,858.5 1,820.1
Deferred income taxes 297.8 303.0
Other noncurrent liabilities 185.5 202.3
Total liabilities 2,923.4 2,900.8
Commitments and contingencies (Note 14)
Preferred stock:    
Authorized: 5.0 million shares, $0.01 per share par value; Issued: None 0.0 0.0
Common stock:    
Authorized: 150.0 million shares, $.01 per share par value Issued: 90.1 million shares at both June 30, 2026 and December 31, 2025 0.9 0.9
Treasury stock at cost: 16.1 million shares at June 30, 2026 and 15.5 million shares at December 31, 2025 (1,525.1) (1,423.2)
Additional paid-in capital 875.2 892.1
Retained earnings 4,655.4 4,500.1
Accumulated other comprehensive income 1.6 57.6
Total shareholders’ equity 4,008.0 4,027.5
Noncontrolling interest (1.4) (1.3)
Total equity 4,006.6 4,026.2
Total liabilities and equity $ 6,930.0 $ 6,927.0