XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 481.0 $ 503.5
Short-term investments 0.0 214.2
Accounts receivable, net of allowance for credit losses of $51.7 and $43.3, respectively 5,626.9 5,135.8
Merchandise inventory 761.6 605.3
Miscellaneous receivables 559.0 509.9
Prepaid expenses and other 408.0 404.4
Total current assets 7,836.5 7,373.1
Operating lease right-of-use assets 110.4 120.2
Property and equipment, net 181.6 192.0
Goodwill 4,652.6 4,620.4
Other intangible assets, net 1,270.6 1,356.6
Accounts receivable and other assets, noncurrent 1,214.0 1,016.1
Total Assets 15,265.7 14,678.4
Current liabilities:    
Accounts payable-trade 3,799.5 3,381.3
Accounts payable-inventory financing 420.4 355.2
Current maturities of long-term debt 9.5 235.8
Contract liabilities 489.9 491.0
Accrued expenses and other current liabilities:    
Compensation 313.4 275.8
Advertising 171.7 137.7
Sales and income taxes 82.1 61.6
Other 519.2 536.0
Total current liabilities 5,805.7 5,474.4
Long-term liabilities:    
Debt 5,623.2 5,607.0
Deferred income taxes 139.1 167.4
Operating lease liabilities 136.3 149.1
Accounts payable and other liabilities 1,094.2 927.8
Total long-term liabilities 6,992.8 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; 131.1 and 132.6 shares outstanding, respectively 1.3 1.3
Paid-in capital 3,919.1 3,834.4
Accumulated deficit (1,366.9) (1,322.9)
Accumulated other comprehensive loss (86.3) (160.1)
Total stockholders’ equity 2,467.2 2,352.7
Total Liabilities and Stockholders’ Equity $ 15,265.7 $ 14,678.4