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Consolidated Balance Sheets Unaudited - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 751.7 $ 685.0
Short-term marketable debt securities 91.4 102.0
Accounts receivable, net of allowance for credit losses and customer deductions of $20.8 million and $20.6 million as of March 31, 2025 and December 31, 2024, respectively 1,164.1 1,144.0
Inventories 1,140.6 1,124.9
Prepaid expenses and other current assets 154.7 166.9
Federal and state income taxes receivable 0.0 10.2
Total current assets 3,302.5 3,233.0
Property, plant, and equipment, net 4,079.5 4,039.0
Goodwill 922.4 922.4
Other intangible assets, net 182.5 191.9
Operating lease right-of-use assets 306.9 276.9
Long-term marketable debt securities 71.3 65.2
Other long-term assets 104.7 104.8
Total assets 8,969.8 8,833.2
Current liabilities:    
Operating lease obligations 84.1 80.5
Finance lease obligations 2.2 2.1
Accounts payable 480.9 430.3
Dividends payable 116.0 116.3
Accrued liabilities 262.5 362.9
Accrued interest 32.5 9.5
Federal and state income taxes payable 29.5 0.0
Total current liabilities 1,007.7 1,001.6
Long-term liabilities:    
Long-term debt 2,474.7 2,474.2
Operating lease obligations 235.4 208.0
Finance lease obligations 6.1 6.7
Deferred income taxes 570.8 561.9
Compensation and benefits 94.4 95.9
Other long-term liabilities 81.5 80.9
Total long-term liabilities 3,462.9 3,427.6
Commitments and contingent liabilities (Note 19)
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, and 89.9 million and 89.8 million shares issued as of March 31, 2025 and December 31, 2024, respectively 0.9 0.9
Additional paid in capital 687.8 669.8
Retained earnings 3,852.8 3,776.7
Accumulated other comprehensive loss (42.3) (43.4)
Total stockholders' equity 4,499.2 4,404.0
Total liabilities and stockholders' equity $ 8,969.8 $ 8,833.2