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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 340.9 $ 329.2
Trade accounts and notes receivable, net of allowance for credit losses of $2.3 and $3.1 500.5 495.3
Inventories, net 671.5 638.1
Deferred tax charges and refundable income taxes 38.0 39.6
Assets held-for-sale 4.6 5.5
Other current assets 114.7 108.6
Total current assets 1,670.2 1,616.3
Property, plant and equipment, net of accumulated depreciation of $1,103.7 and $1,057.4 1,652.6 1,622.9
Other assets:    
Right-of-use assets - Operating lease 61.0 62.5
Right-of-use assets - Finance lease 20.4 20.9
Goodwill 3,943.9 3,943.6
Intangible assets, net of accumulated amortization of $1,046.1 and $999.6 1,045.3 1,091.7
Deferred tax assets and other noncurrent tax assets 13.8 12.5
Other noncurrent assets 24.2 24.2
Total assets 8,431.4 8,394.6
Current liabilities:    
Accounts payable 174.6 193.3
Accrued payroll and related benefits 69.8 114.7
Accrued interest payable 74.1 24.3
Liabilities held-for-sale 0.9 1.2
Other accrued liabilities 107.5 111.2
Income taxes payable 85.7 80.5
Total current liabilities 512.6 525.2
Long-term debt, net of unamortized discount and debt issuance costs of $60.5 and $63.9 3,984.5 3,981.1
Pension benefit obligations and other liabilities 59.5 54.5
Deferred tax liabilities and other noncurrent tax liabilities 54.7 70.2
Long term lease liability - Operating lease 52.7 53.7
Long term lease liability - Finance lease 18.0 18.4
Equity:    
Preferred stock, par value $0.01; 5.0 shares authorized; none issued and outstanding as of March 29, 2025 and December 31, 2024 0.0 0.0
Common stock, par value $0.01; 400.0 shares authorized; issued and outstanding shares as of March 29, 2025: 151.5 and 151.3, respectively; issued and outstanding shares as of December 31, 2024: 151.3 and 151.1, respectively 1.5 1.5
Treasury stock, at cost: 0.2 shares held as of March 29, 2025 and December 31, 2024 (7.1) (7.1)
Additional paid-in capital 2,392.1 2,385.3
Retained earnings 1,431.6 1,383.9
Accumulated other comprehensive loss (68.7) (72.1)
Total equity 3,749.4 3,691.5
Total liabilities and equity $ 8,431.4 $ 8,394.6