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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 47.6 $ 60.7
Short-term investments 10.2 8.4
Accounts and notes receivable, net of allowances of $16.1 and $14.4 in 2024 and 2023, respectively 858.6 594.6
Inventories, net 776.3 699.1
Other assets 72.6 70.7
Total current assets 1,765.3 1,433.5
Property, plant and equipment, net of accumulated depreciation of $936.5 and $910.8 in 2024 and 2023, respectively 740.8 720.4
Right-of-use assets from operating leases 271.6 213.6
Goodwill 219.9 222.1
Deferred income taxes 63.0 51.8
Other assets, net 161.3 156.9
Total assets 3,221.9 2,798.3
Current Liabilities:    
Accounts payable 450.8 374.7
Accrued expenses 393.0 416.1
Income taxes payable 33.1 4.2
Commercial paper 147.0 150.0
Current maturities of long-term debt 14.0 12.1
Current operating lease liabilities 66.6 57.5
Total current liabilities 1,104.5 1,014.6
Long-term debt 1,126.8 1,143.1
Long-term operating lease liabilities 215.2 164.6
Pensions 18.1 22.5
Other liabilities 179.9 168.2
Total liabilities 2,644.5 2,513.0
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197 shares issued 0.9 0.9
Additional paid-in capital 1,197.9 1,184.6
Retained earnings 3,796.0 3,506.2
Accumulated other comprehensive loss (60.8) (56.9)
Treasury stock, at cost, 51,538,343 shares and 51,588,103 shares for 2024 and 2023, respectively 4,356.6 4,349.5
Total stockholders' equity 577.4 285.3
Total liabilities and stockholders' equity $ 3,221.9 $ 2,798.3