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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current assets:      
Cash and cash equivalents $ 54.6 $ 225.8 $ 188.9
Accounts receivable, less allowance of $18.2, $16.1 and $19.7 as of June 30, 2022, December 31, 2021 and June 30, 2021, respectively 1,321.7 855.2 965.1
Inventories, net 1,548.7 1,161.7 1,170.7
Prepaid expenses and other current assets 422.6 367.2 354.8
Total current assets 3,347.6 2,609.9 2,679.5
Property and equipment, net 289.1 256.3 223.8
Goodwill 1,785.2 1,777.4 1,761.7
Intangibles, net 383.4 421.0 439.8
Operating lease right-of-use assets, net 418.0 413.9 395.8
Deferred income taxes, net 58.0 61.9 89.2
Other assets, net 1.4 8.9 9.5
Total assets 6,282.7 5,549.3 5,599.3
Current liabilities:      
Accounts payable 1,168.9 794.2 877.7
Accrued expenses 476.5 472.1 641.4
Current portion of operating lease liabilities 89.7 89.0 87.8
Current portion of finance lease liabilities 10.9 6.4 3.6
Current portion of long-term debt/obligations 10.0 10.0 10.4
Total current liabilities 1,756.0 1,371.7 1,620.9
Borrowings under revolving lines of credit, net 461.3 0.0 0.0
Long-term debt, net 1,609.6 1,612.9 1,616.1
Deferred income taxes, net 0.6 0.8 0.0
Operating lease liabilities 334.4 326.3 308.7
Finance lease liabilities 45.3 26.0 16.0
Total liabilities 4,207.2 3,337.7 3,561.7
Commitments and contingencies (Note 12)
Convertible Preferred Stock (voting); $0.01 par value; aggregate liquidation preference $400.0; 0.4 shares authorized, issued and outstanding as of June 30, 2022, December 31, 2021 and June 30, 2021 (Note 6) 399.2 399.2 399.2
Stockholders' equity:      
Common stock (voting); $0.01 par value; 100.0 shares authorized; 65.0, 70.4 and 70.0 shares issued and outstanding as of June 30, 2022, December 31, 2021 and June 30, 2021, respectively 0.6 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 1,123.5 1,148.6 1,138.5
Retained earnings 562.8 682.5 521.7
Accumulated other comprehensive income (loss) (10.6) (19.4) (22.5)
Total stockholders' equity 1,676.3 1,812.4 1,638.4
Total liabilities and stockholders' equity $ 6,282.7 $ 5,549.3 $ 5,599.3