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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 345.9 $ 543.8
Accounts receivable, net of allowance for doubtful accounts of $23.4 and $32.2, respectively 999.8 815.2
Inventories, net 1,041.8 1,079.7
Prepaid expenses and other current assets 177.3 145.4
Current assets held for sale 2.0 278.6
Total current assets 2,566.8 2,862.7
Property, plant and equipment, net of accumulated depreciation of $890.9 and $866.1, respectively 436.6 500.6
Goodwill 3,500.3 3,514.4
Other intangible assets, net 1,445.8 1,582.7
Deferred income taxes 559.2 615.6
Other noncurrent assets 312.3 295.9
Total assets 8,821.0 9,371.9
Liabilities and Stockholders' Equity (Deficit)    
Accounts payable 494.8 435.9
Accrued and other liabilities 671.7 634.3
Current portion of long-term debt 1,306.6 32.0
Current liabilities held for sale 0.0 307.2
Total current liabilities 2,473.1 1,409.4
Long-term debt 7,968.2 9,246.6
Deferred income taxes 115.6 110.7
Other noncurrent liabilities 388.6 411.9
Total liabilities 10,945.5 11,178.6
Commitments and contingencies
Series A convertible preferred stock, $0.01 par value 1,194.3 1,162.1
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,194,261 and 1,162,085, respectively, Series A convertible preferred stock 0.0 0.0
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 215,851,423 and 212,108,634, respectively 2.3 2.3
Additional paid-in capital 2,531.0 2,550.4
Accumulated deficit (5,267.9) (4,953.1)
Accumulated other comprehensive loss (280.7) (266.7)
Treasury stock, at cost: 15,633,218 shares and 14,424,126 shares, respectively (303.5) (301.7)
Total stockholders' deficit (3,318.8) (2,968.8)
Total liabilities and stockholders' deficit $ 8,821.0 $ 9,371.9