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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 159,529 $ 468,877
Accounts receivable, net 563,916 596,621
Inventories, net 610,177 496,839
Other current assets 158,603 73,987
Total current assets 1,492,225 1,636,324
Property, plant and equipment, net 1,127,037 889,103
Lease right-of-use assets 506,827 365,292
Goodwill 1,105,732 1,681,764
Intangible assets, net 2,387,905 2,286,068
Other assets, net 65,420 74,790
Total assets 6,685,146 6,933,341
Current liabilities:    
Current portion of long-term debt 34,000 29,000
Short-term borrowings 95,000 0
Current portion of lease liabilities 85,052 64,711
Accounts payable 252,004 255,227
Accrued income and other taxes 17,325 57,058
Employee-related liabilities 86,516 113,081
Rebates, warranties and other customer-related liabilities 147,280 151,990
Accrued interest 69,334 50,692
Other current liabilities 97,827 78,635
Total current liabilities 884,338 800,394
Long-term debt 4,421,528 3,382,550
Long-term lease liabilities 408,157 287,304
Deferred income tax liabilities 531,352 556,935
Other long-term liabilities 234,894 261,288
Total liabilities 6,480,269 5,288,471
Commitments and contingencies (Note 15)
Equity:    
Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding at December 31, 2024 and 2023 0 0
Additional paid-in capital 1,540,572 1,766,024
Accumulated deficit (1,328,431) (139,021)
Accumulated other comprehensive income (loss) (7,264) 17,867
Total equity 204,877 1,644,870
Total liabilities and equity $ 6,685,146 $ 6,933,341