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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 210.4 $ 276.8 $ 198.8
Accounts receivable, net 2,388.8 2,467.9 2,563.6
Inventories 2,288.1 2,329.8 2,626.5
Other current assets 513.5 438.4 518.8
Total current assets 5,400.8 5,512.9 5,907.7
Property, plant and equipment, net 3,533.2 2,836.8 2,207.0
Goodwill 7,580.1 7,626.0 7,583.2
Intangible assets 3,533.2 3,880.5 4,002.0
Operating lease right-of-use assets 1,953.8 1,887.4 1,866.8
Other assets 1,631.5 1,210.8 1,027.3
Total Assets 23,632.6 22,954.4 22,594.0
Current liabilities:      
Short-term borrowings 662.4 374.2 978.1
Accounts payable 2,253.2 2,315.0 2,436.5
Compensation and taxes withheld 842.8 862.7 784.5
Accrued taxes 174.3 197.4 197.4
Current portion of long-term debt 1,049.2 1,098.8 0.6
Current portion of operating lease liabilities 466.6 449.3 425.3
Other accruals 1,360.2 1,329.5 1,138.3
Total current liabilities 6,808.7 6,626.9 5,960.7
Long-term debt 8,176.8 8,377.9 9,591.0
Postretirement benefits other than pensions 120.7 133.2 139.3
Deferred income taxes 607.5 683.1 681.6
Long-term operating lease liabilities 1,558.3 1,509.5 1,512.9
Other long-term liabilities 2,309.4 1,908.0 1,606.4
Shareholders’ equity:      
Common stock - $0.00-1/3 par value: 0.0, 254.5, and 258.9 million shares outstanding at December 31, 2024, 2023 and 2022, respectively 92.5 91.8 91.2
Other capital 4,576.2 4,193.6 3,963.9
Retained earnings 7,246.3 5,288.3 3,523.2
Treasury stock, at cost (6,988.6) (5,233.6) (3,775.6)
Accumulated other comprehensive loss (875.2) (624.3) (700.6)
Total shareholders’ equity 4,051.2 3,715.8 3,102.1
Total Liabilities and Shareholders’ Equity $ 23,632.6 $ 22,954.4 $ 22,594.0