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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 160.9 $ 125.4
Receivables, net 1,576.3 1,316.4
Unbilled receivables, net 854.8 771.6
Inventories 2,321.1 2,131.6
Income taxes receivable 43.2 42.2
Other current assets 101.7 93.6
Total current assets 5,058.0 4,480.8
Property, plant and equipment, net 1,145.2 1,069.5
Goodwill 1,437.9 1,416.4
Purchased intangible assets, net 808.5 830.2
Deferred income taxes 248.3 262.0
Deferred contract costs 828.1 710.7
Other non-current assets 349.9 359.6
Total assets 9,875.9 9,129.2
Current liabilities:    
Revolving credit facilities 934.5 175.0
Accounts payable 1,054.4 1,214.5
Customer advances 672.1 706.9
Payroll-related obligations 236.3 242.5
Income taxes payable 90.5 308.0
Other current liabilities 469.8 442.7
Total current liabilities 3,457.6 3,089.6
Long-term debt, less current maturities 602.3 597.5
Non-current customer advances 1,158.4 1,190.7
Deferred income taxes 30.4 26.8
Other non-current liabilities 525.2 519.3
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding) 0.0 0.0
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued) 0.7 0.7
Additional paid-in capital 841.0 823.0
Retained earnings 4,244.0 3,805.8
Accumulated other comprehensive loss (72.3) (72.0)
Common Stock in treasury, at cost (10,038,645 and 9,627,658 shares, respectively) (911.4) (852.2)
Total shareholders’ equity 4,102.0 3,705.3
Total liabilities and shareholders’ equity $ 9,875.9 $ 9,129.2