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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 783.9 $ 612.7
Accounts and notes receivable, net 1,205.7 1,267.4
Inventories, net 3,096.4 2,731.3
Other current assets 542.3 526.6
Total current assets 5,628.3 5,138.0
Property, plant and equipment, net 1,966.0 1,818.6
Right-of-use lease assets 179.7 168.9
Investments in affiliates 594.2 519.6
Deferred tax assets 828.4 561.0
Other assets 501.6 435.2
Intangible assets, net 712.9 728.9
Goodwill 1,898.7 1,820.4
Total assets 12,309.8 11,190.6
Current Liabilities:    
Borrowings due within one year 207.9 415.2
Accounts payable 1,060.0 813.0
Accrued expenses 2,409.0 2,469.6
Other current liabilities 126.6 128.2
Total current liabilities 3,803.5 3,826.0
Long-term debt, less current portion and debt issuance costs 2,756.9 2,233.3
Operating lease liabilities 132.6 127.5
Pension and postretirement health care benefits 163.0 155.6
Deferred tax liabilities 139.5 125.0
Other noncurrent liabilities 841.5 680.3
Total liabilities 7,837.0 7,147.7
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests 304.3 300.1
Stockholders’ Equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2025 and 2024 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,603,607 and 74,420,952 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0.7 0.7
Additional paid-in capital 10.0 0.0
Retained earnings 5,922.6 5,645.0
Accumulated other comprehensive loss (1,764.8) (1,902.9)
Total stockholders’ equity 4,168.5 3,742.8
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 12,309.8 $ 11,190.6