XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash & cash equivalents $ 286.3 $ 289.3
Accounts receivable, net of allowance for doubtful accounts of $11.8 and $12.6 at March 31, 2024 and December 31, 2023, respectively 459.0 461.8
Inventories 319.1 298.9
Prepaid expenses 25.1 32.5
Other current assets 146.3 115.0
Total current assets 1,235.8 1,197.5
Property, plant and equipment, net 295.5 296.9
Goodwill 2,302.3 2,336.7
Intangible assets, net 840.0 879.3
Deferred income tax assets 112.9 120.5
Other assets 125.7 143.2
Total assets 4,912.2 4,974.1
Liabilities and stockholders' equity    
Accounts payable 132.9 140.6
Current installments of long-term debt 11.5 11.5
Accrued expenses and other current liabilities 196.5 217.3
Total current liabilities 340.9 369.4
Debt 1,918.9 1,921.0
Pension and post-retirement benefits 26.5 28.1
Deferred income tax liabilities 102.9 108.9
Other liabilities 183.7 202.4
Total liabilities 2,572.9 2,629.8
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock: 400.0 shares authorized (2024: 267.0 shares issued; 2023: 266.2 shares issued) 2.7 2.7
Additional paid-in capital 4,201.4 4,196.9
Treasury stock (2024: 25.0 shares; 2023: 24.6 shares) (349.4) (341.9)
Accumulated deficit (1,146.8) (1,183.3)
Accumulated other comprehensive loss (384.2) (345.9)
Total stockholders' equity 2,323.7 2,328.5
Non-controlling interests 15.6 15.8
Total equity 2,339.3 2,344.3
Total liabilities and stockholders' equity $ 4,912.2 $ 4,974.1