XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 52.4 $ 225.8 $ 619.3
Accounts receivable, less allowance of $15.5, $16.1 and $21.0 as of March 31, 2022, December 31, 2021 and March 31, 2021, respectively 1,008.5 855.2 759.5
Inventories, net 1,462.1 1,161.7 1,087.1
Prepaid expenses and other current assets 388.4 367.2 312.2
Total current assets 2,911.4 2,609.9 2,778.1
Property and equipment, net 281.9 256.3 218.9
Goodwill 1,776.7 1,777.4 1,761.3
Intangibles, net 399.6 421.0 465.0
Operating lease right-of-use assets, net 419.7 413.9 368.5
Deferred income taxes, net 58.5 61.9 90.2
Other assets, net 1.1 8.9 6.4
Total assets 5,848.9 5,549.3 5,688.4
Current liabilities:      
Accounts payable 1,052.2 794.2 689.0
Accrued expenses 410.8 472.1 572.8
Current portion of operating lease liabilities 89.6 89.0 85.2
Current portion of finance lease liabilities 9.6 6.4 3.0
Current portion of long-term debt/obligations 10.0 10.0 10.7
Total current liabilities 1,572.2 1,371.7 1,360.7
Borrowings under revolving lines of credit, net 145.6    
Long-term debt, net 1,611.2 1,612.9 2,079.3
Deferred income taxes, net 0.9 0.8  
Operating lease liabilities 333.3 326.3 283.0
Finance lease liabilities 40.7 26.0 12.9
Total liabilities 3,703.9 3,337.7 3,735.9
Commitments and contingencies (Note 11)
Convertible Preferred Stock (voting); $0.01 par value; aggregate liquidation preference $400.0; 0.4 shares authorized, issued and outstanding as of March 31, 2022, December 31, 2021 and March 31, 2021 (Note 6) 399.2 399.2 399.2
Stockholders' equity:      
Common stock (voting); $0.01 par value; 100.0 shares authorized; 68.7, 70.4 and 69.8 shares issued and outstanding as of March 31, 2022, December 31, 2021 and March 31, 2021, respectively 0.7 0.7 0.7
Undesignated preferred stock; 5.0 shares authorized, none issued or outstanding 0.0 0.0 0.0
Additional paid-in capital 1,135.9 1,148.6 1,126.2
Retained earnings 619.3 682.5 451.2
Accumulated other comprehensive income (loss) (10.1) (19.4) (24.8)
Total stockholders' equity 1,745.8 1,812.4 1,553.3
Total liabilities and stockholders' equity $ 5,848.9 $ 5,549.3 $ 5,688.4