v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 573.4 $ 861.8
Accounts and notes receivable, net 1,232.1 1,079.4
Inventories, net 3,007.1 2,709.3
Other current assets 525.1 545.6
Total current assets 5,337.7 5,196.1
Property, plant and equipment, net 1,939.9 1,996.2
Right-of-use lease assets 153.0 167.3
Investments in affiliates 490.6 609.9
Deferred tax assets 974.4 905.5
Other assets 455.0 481.0
Intangible assets, net 644.6 673.0
Goodwill 1,883.2 1,898.8
Total assets 11,878.4 11,927.8
Current Liabilities:    
Borrowings due within one year 546.7 117.7
Accounts payable 1,030.8 951.0
Accrued expenses 2,340.1 2,538.7
Other current liabilities 123.6 121.7
Total current liabilities 4,041.2 3,729.1
Long-term debt, less current portion and debt issuance costs 2,180.3 2,323.1
Operating lease liabilities 111.9 122.1
Pension and postretirement health care benefits 167.2 169.2
Deferred tax liabilities 123.0 126.5
Other noncurrent liabilities 881.8 885.1
Total liabilities 7,505.4 7,355.1
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 292.4 299.2
Stockholders’ Equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2026 and 2025 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 70,002,207 and 72,629,310 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0.7 0.7
Additional paid-in capital 10.9 0.5
Retained earnings 5,800.9 6,047.2
Accumulated other comprehensive loss (1,731.9) (1,774.9)
Total stockholders’ equity 4,080.6 4,273.5
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 11,878.4 $ 11,927.8