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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 471.4 $ 503.5
Short-term investments 216.7 214.2
Accounts receivable, net of allowance for credit losses of $47.5 and $43.3, respectively 5,334.4 5,135.8
Merchandise inventory 720.2 605.3
Miscellaneous receivables 523.6 509.9
Prepaid expenses and other 385.3 404.4
Total current assets 7,651.6 7,373.1
Operating lease right-of-use assets 112.9 120.2
Property and equipment, net 188.3 192.0
Goodwill 4,636.1 4,620.4
Other intangible assets, net 1,314.2 1,356.6
Accounts receivable and other assets, noncurrent 1,115.4 1,016.1
Total Assets 15,018.5 14,678.4
Current liabilities:    
Accounts payable-trade 3,628.4 3,381.3
Accounts payable-inventory financing 343.7 355.2
Current maturities of long-term debt 230.6 235.8
Contract liabilities 520.6 491.0
Accrued expenses and other current liabilities:    
Compensation 225.8 275.8
Advertising 156.3 137.7
Sales and income taxes 124.2 61.6
Other 551.9 536.0
Total current liabilities 5,781.5 5,474.4
Long-term liabilities:    
Debt 5,622.4 5,607.0
Deferred income taxes 155.0 167.4
Operating lease liabilities 140.6 149.1
Accounts payable and other liabilities 995.9 927.8
Total long-term liabilities 6,913.9 6,851.3
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods 0.0 0.0
Common stock, $0.01 par value, 1,000.0 shares authorized; 131.7 and 132.6 shares outstanding, respectively 1.3 1.3
Paid-in capital 3,866.5 3,834.4
Accumulated deficit (1,401.8) (1,322.9)
Accumulated other comprehensive loss (142.9) (160.1)
Total stockholders’ equity 2,323.1 2,352.7
Total Liabilities and Stockholders’ Equity $ 15,018.5 $ 14,678.4