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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 276.8 $ 198.8 $ 165.7
Accounts receivable, less allowance 2,467.9 2,563.6 2,352.4
Inventories 2,329.8 2,626.5 1,927.2
Other current assets 438.4 518.8 608.4
Total current assets 5,512.9 5,907.7 5,053.7
Property, plant and equipment, net 2,836.8 2,207.0 1,867.3
Goodwill 7,626.0 7,583.2 7,134.6
Intangible assets, net 3,880.5 4,002.0 4,001.5
Operating lease right-of-use assets 1,887.4 1,866.8 1,820.6
Other assets 1,210.8 1,027.3 789.0
Total Assets 22,954.4 22,594.0 20,666.7
Current liabilities:      
Short-term borrowings 374.2 978.1 763.5
Accounts payable 2,315.0 2,436.5 2,403.0
Compensation and taxes withheld 862.7 784.5 716.6
Accrued taxes 197.4 197.4 160.3
Current portion of long-term debt 1,098.8 0.6 260.6
Current portion of operating lease liabilities 449.3 425.3 409.7
Other accruals 1,329.5 1,138.3 1,005.8
Total current liabilities 6,626.9 5,960.7 5,719.5
Long-term debt 8,377.9 9,591.0 8,590.9
Postretirement benefits other than pensions 133.2 139.3 259.4
Deferred income taxes 683.1 681.6 768.2
Long-term operating lease liabilities 1,509.5 1,512.9 1,470.7
Other long-term liabilities 1,908.0 1,606.4 1,420.8
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 254.5, 258.9, and 261.1 million shares outstanding at December 31, 2023, 2022 and 2021, respectively 91.8 91.2 90.8
Other capital 4,193.6 3,963.9 3,793.0
Retained earnings 5,288.3 3,523.2 2,121.7
Treasury stock, at cost (5,233.6) (3,775.6) (2,869.9)
Accumulated other comprehensive loss (624.3) (700.6) (698.4)
Total shareholders’ equity 3,715.8 3,102.1 2,437.2
Total Liabilities and Shareholders’ Equity $ 22,954.4 $ 22,594.0 $ 20,666.7