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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 441.9 $ 393.5
Restricted cash 0.7 0.8
Accounts receivable, less allowances of $9.3 million and $11.6 million, respectively 286.4 200.5
Inventories 666.4 794.4
Prepaid expenses 65.6 55.8
Other current assets 162.9 183.1
Total current assets 1,623.9 1,628.1
Property, plant and equipment, net 2,215.5 2,156.5
Operating lease right-of-use assets, net 1,367.4 1,410.1
Trade names and trademarks 1,420.8 1,421.8
Other intangible assets, net 79.9 83.7
Goodwill 1,999.1 1,988.7
Other assets, net 451.5 431.7
Total assets 9,158.1 9,120.6
Current liabilities:    
Accounts payable and accrued expenses 453.4 480.5
Accrued employee compensation and benefits 120.3 113.1
Asset-based credit facilities 41.0 54.7
Operating lease liabilities, short-term 88.9 86.4
Construction advances 8.0 59.3
Deferred revenue 96.1 110.9
Other current liabilities 34.8 42.7
Total current liabilities 842.5 947.6
Long-term debt, net 1,461.2 1,518.2
Operating lease liabilities, long-term 1,402.0 1,433.4
Deemed landlord financing obligations 1,147.3 980.0
Deferred taxes, net 32.3 36.7
Other long-term liabilities 337.2 326.5
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at both September 30, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, and 187.0 million shares issued at both September 30, 2024 and December 31, 2023 1.9 1.9
Additional paid-in capital 3,024.7 3,032.7
Retained earnings 1,012.5 947.5
Accumulated other comprehensive loss (51.7) (47.5)
Less: Common stock held in treasury, at cost, 3.2 million shares and 3.3 million shares at September 30, 2024 and December 31, 2023, respectively (51.8) (56.4)
Total shareholders’ equity 3,935.6 3,878.2
Total liabilities and shareholders’ equity $ 9,158.1 $ 9,120.6