v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 415.1 $ 861.8
Accounts and notes receivable, net 1,231.1 1,079.4
Inventories, net 3,005.0 2,709.3
Other current assets 540.8 545.6
Total current assets 5,192.0 5,196.1
Property, plant and equipment, net 1,931.0 1,996.2
Right-of-use lease assets 157.3 167.3
Investments in affiliates 497.3 609.9
Deferred tax assets 1,001.9 905.5
Other assets 458.5 481.0
Intangible assets, net 627.3 673.0
Goodwill 1,881.1 1,898.8
Total assets 11,746.4 11,927.8
Current Liabilities:    
Borrowings due within one year 536.1 117.7
Accounts payable 1,018.5 951.0
Accrued expenses 2,266.4 2,538.7
Other current liabilities 120.0 121.7
Total current liabilities 3,941.0 3,729.1
Long-term debt, less current portion and debt issuance costs 2,140.7 2,323.1
Operating lease liabilities 128.0 122.1
Pension and postretirement health care benefits 166.8 169.2
Deferred tax liabilities 123.6 126.5
Other noncurrent liabilities 890.7 885.1
Total liabilities 7,390.8 7,355.1
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 290.4 299.2
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, 68,950,520 and 72,629,310 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 0.7 0.7
Additional paid-in capital 1.3 0.5
Retained earnings 5,790.3 6,047.2
Accumulated other comprehensive loss (1,727.1) (1,774.9)
Total stockholders’ equity 4,065.2 4,273.5
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 11,746.4 $ 11,927.8