v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 442.8 $ 529.0
Short-term marketable debt securities and other ($101.0 million and $71.8 million measured at fair value as of June 30, 2026 and December 31, 2025, respectively) 151.0 71.8
Accounts receivable, net of allowance for credit losses and customer deductions of $19.1 million and $17.0 million as of June 30, 2026 and December 31,2025, respectively 1,432.8 1,255.8
Inventories 1,262.4 1,243.2
Prepaid expenses and other current assets 104.3 85.8
Federal and state income taxes receivable 30.3 28.1
Total current assets 3,423.6 3,213.7
Property, plant, and equipment, net 5,010.5 4,985.1
Goodwill 1,416.3 1,372.3
Other intangible assets, net 565.6 602.3
Operating lease right-of-use assets 414.4 376.0
Long-term marketable debt securities 73.0 67.0
Other long-term assets 112.1 109.1
Total assets 11,015.5 10,725.5
Current liabilities:    
Operating lease obligations 104.4 99.8
Finance lease obligations 2.4 2.3
Accounts payable 616.9 471.4
Dividends payable 136.9 116.1
Accrued liabilities 271.8 302.1
Accrued interest 31.5 23.4
Total current liabilities 1,163.9 1,015.1
Long-term liabilities:    
Long-term debt 3,968.9 3,967.3
Operating lease obligations 324.8 290.6
Finance lease obligations 3.8 4.9
Deferred income taxes 681.3 660.1
Compensation and benefits 115.1 106.2
Other long-term liabilities 95.8 83.3
Total long-term liabilities 5,189.7 5,112.4
Commitments and contingent liabilities (Note 19)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.1 million and 89.2 million shares issued as of June 30, 2026 and December 31, 2025, respectively 0.9 0.9
Additional paid in capital 738.5 707.7
Retained earnings 3,962.7 3,931.0
Accumulated other comprehensive loss (40.2) (41.6)
Total stockholders' equity 4,661.9 4,598.0
Total liabilities and stockholders' equity $ 11,015.5 $ 10,725.5