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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Current assets:      
Cash and cash equivalents $ 209.4 $ 198.8 $ 312.6
Accounts receivable, net 3,117.8 2,563.6 2,982.5
Inventories 2,439.0 2,626.5 2,411.6
Other current assets 584.4 518.8 552.8
Total current assets 6,350.6 5,907.7 6,259.5
Property, plant and equipment, net 2,442.5 2,207.0 1,961.9
Goodwill 7,446.5 7,583.2 7,106.1
Intangible assets 3,934.4 4,002.0 3,955.1
Operating lease right-of-use assets 1,869.2 1,866.8 1,842.4
Other assets 1,122.9 1,027.3 927.8
Total assets 23,166.1 22,594.0 22,052.8
Current liabilities:      
Short-term borrowings 806.2 978.1 2,012.0
Accounts payable 2,489.7 2,436.5 2,992.9
Compensation and taxes withheld 700.5 784.5 587.6
Accrued taxes 308.0 197.4 185.6
Current portion of long-term debt 499.5 0.6 0.6
Current portion of operating lease liabilities 436.1 425.3 418.1
Other accruals 1,099.1 1,138.3 1,001.4
Total current liabilities 6,339.1 5,960.7 7,198.2
Long-term debt 9,095.7 9,591.0 8,593.6
Postretirement benefits other than pensions 139.3 139.3 257.5
Deferred income taxes 710.9 681.6 754.0
Long-term operating lease liabilities 1,503.2 1,512.9 1,483.1
Other long-term liabilities 1,746.8 1,606.4 1,541.8
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 0.0 million, 258.9 million and 259.2 million shares outstanding at June 30, 2023, December 31, 2022 and June 30, 2022, respectively 91.4 91.2 91.0
Other capital 4,044.6 3,963.9 3,880.3
Retained earnings 4,481.5 3,523.2 2,763.3
Treasury stock, at cost (4,335.1) (3,775.6) (3,595.4)
Accumulated other comprehensive loss (651.3) (700.6) (914.6)
Total shareholders' equity 3,631.1 3,102.1 2,224.6
Total liabilities and shareholders’ equity $ 23,166.1 $ 22,594.0 $ 22,052.8