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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Current assets:      
Cash and cash equivalents $ 503.4 $ 198.8 $ 130.5
Accounts receivable, net 2,940.9 2,563.6 2,897.6
Inventories 2,244.3 2,626.5 2,547.8
Other current assets 510.2 518.8 541.3
Total current assets 6,198.8 5,907.7 6,117.2
Property, plant and equipment, net 2,580.6 2,207.0 2,041.2
Goodwill 7,412.3 7,583.2 7,318.2
Intangible assets 3,824.0 4,002.0 3,958.3
Operating lease right-of-use assets 1,874.7 1,866.8 1,853.0
Other assets 1,114.1 1,027.3 957.9
Total assets 23,004.5 22,594.0 22,245.8
Current liabilities:      
Short-term borrowings 338.6 978.1 945.2
Accounts payable 2,424.8 2,436.5 2,808.4
Compensation and taxes withheld 768.3 784.5 650.6
Accrued taxes 379.8 197.4 205.3
Current portion of long-term debt 1,098.2 0.6 0.6
Current portion of operating lease liabilities 441.1 425.3 418.1
Other accruals 1,172.4 1,138.3 1,067.8
Total current liabilities 6,623.2 5,960.7 6,096.0
Long-term debt 8,499.2 9,591.0 9,588.9
Postretirement benefits other than pensions 139.3 139.3 256.5
Deferred income taxes 648.4 681.6 691.8
Long-term operating lease liabilities 1,502.9 1,512.9 1,492.4
Other long-term liabilities 1,811.5 1,606.4 1,522.4
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 0.0 million, 258.9 million and 259.1 million shares outstanding at September 30, 2023, December 31, 2022 and September 30, 2022, respectively 91.7 91.2 91.1
Other capital 4,103.9 3,963.9 3,919.6
Retained earnings 5,087.4 3,523.2 3,292.6
Treasury stock, at cost (4,746.6) (3,775.6) (3,643.0)
Accumulated other comprehensive loss (756.4) (700.6) (1,062.5)
Total shareholders' equity 3,780.0 3,102.1 2,597.8
Total liabilities and shareholders’ equity $ 23,004.5 $ 22,594.0 $ 22,245.8