XML 23 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 574.0 $ 688.5
Trade Receivables, Less Allowances of $30.3 Million in 2023 and $30.9 Million in 2022 921.6 797.4
Inventories 1,274.2 1,336.9
Prepaid Expenses and Other Current Assets 245.6 150.9
Deferred Financing Fees 0.0 17.0
Assets Held for Sale 368.6 9.8
Total Current Assets 3,384.0 3,000.5
Net Property, Plant and Equipment 1,041.2 807.0
Operating Lease Assets 172.8 110.9
Goodwill 6,553.1 4,018.8
Intangible Assets, Net of Amortization 4,083.4 2,229.9
Deferred Income Tax Benefits 33.8 43.9
Other Noncurrent Assets 69.0 57.9
Noncurrent Assets Held for Sale 94.1 0.0
Total Assets 15,431.4 10,268.9
Current Liabilities:    
Accounts Payable 549.4 497.7
Dividends Payable 23.2 23.2
Accrued Compensation and Benefits 198.7 141.1
Accrued Interest 85.1 5.2
Other Accrued Expenses 325.2 274.8
Current Operating Lease Liabilities 37.2 26.4
Current Maturities of Long-Term Debt 3.9 33.8
Liabilities Held for Sale 103.7 0.0
Total Current Liabilities 1,326.4 1,002.2
Long-Term Debt 6,377.0 1,989.7
Deferred Income Taxes 1,012.7 591.9
Pension and Other Post Retirement Benefits 120.4 97.6
Noncurrent Operating Lease Liabilities 132.2 88.1
Other Noncurrent Liabilities 77.2 76.8
Noncurrent Liabilities Held for Sale 20.4 0.0
Contingencies (see Note 12 - Contingencies)
Regal Rexnord Corporation Shareholders' Equity:    
Common Stock, $0.01 Par Value, 150.0 Million Shares Authorized, 66.3 Million and 66.2 Million Shares Issued and Outstanding at 2023 and 2022, Respectively 0.7 0.7
Additional Paid-In Capital 4,646.2 4,609.6
Retained Earnings 1,979.8 2,130.0
Accumulated Other Comprehensive Loss (282.4) (352.1)
Total Regal Rexnord Corporation Shareholders' Equity 6,344.3 6,388.2
Noncontrolling Interests 20.8 34.4
Total Equity 6,365.1 6,422.6
Total Liabilities and Equity $ 15,431.4 $ 10,268.9