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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 179.9 $ 276.8 $ 151.4
Accounts receivable, net 2,809.1 2,467.9 2,909.2
Inventories 2,378.0 2,329.8 2,707.8
Other current assets 475.4 438.4 524.4
Total current assets 5,842.4 5,512.9 6,292.8
Property, plant and equipment, net 3,008.8 2,836.8 2,362.0
Goodwill 7,621.4 7,626.0 7,445.4
Intangible assets 3,777.5 3,880.5 4,103.5
Operating lease right-of-use assets 1,878.9 1,887.4 1,854.2
Other assets 1,299.1 1,210.8 1,072.0
Total assets 23,428.1 22,954.4 23,129.9
Current liabilities:      
Short-term borrowings 1,256.3 374.2 1,481.3
Accounts payable 2,453.9 2,315.0 2,513.6
Compensation and taxes withheld 560.2 862.7 528.0
Accrued taxes 240.0 197.4 315.1
Current portion of long-term debt 1,349.1 1,098.8 0.6
Current portion of operating lease liabilities 454.0 449.3 430.2
Other accruals 1,170.0 1,329.5 1,037.2
Total current liabilities 7,483.5 6,626.9 6,306.0
Long-term debt 8,129.5 8,377.9 9,593.1
Postretirement benefits other than pensions 133.2 133.2 139.3
Deferred income taxes 666.3 683.1 739.9
Long-term operating lease liabilities 1,495.1 1,509.5 1,494.9
Other long-term liabilities 2,016.8 1,908.0 1,689.9
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 0.0 million, 254.5 million and 257.9 million shares outstanding at March 31, 2024, December 31, 2023 and March 31, 2023, respectively 92.0 91.8 91.3
Other capital 4,298.8 4,193.6 3,998.0
Retained earnings 5,611.0 5,288.3 3,844.1
Treasury stock, at cost (5,793.1) (5,233.6) (4,100.8)
Accumulated other comprehensive loss (705.0) (624.3) (665.8)
Total shareholders' equity 3,503.7 3,715.8 3,166.8
Total liabilities and shareholders’ equity $ 23,428.1 $ 22,954.4 $ 23,129.9