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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current assets:      
Cash and cash equivalents $ 199.8 $ 210.4 $ 179.9
Accounts receivable, net 2,813.1 2,388.8 2,809.1
Inventories 2,515.2 2,288.1 2,378.0
Other current assets 511.6 513.5 475.4
Total current assets 6,039.7 5,400.8 5,842.4
Property, plant and equipment, net 3,663.4 3,533.2 3,008.8
Goodwill 7,708.4 7,580.1 7,621.4
Intangible assets 3,493.4 3,533.2 3,777.5
Operating lease right-of-use assets 1,972.9 1,953.8 1,878.9
Other assets 1,758.3 1,631.5 1,299.1
Total Assets 24,636.1 23,632.6 23,428.1
Current liabilities:      
Short-term borrowings 1,798.5 662.4 1,256.3
Accounts payable 2,512.9 2,253.2 2,453.9
Compensation and taxes withheld 566.7 842.8 560.2
Accrued taxes 225.9 174.3 240.0
Current portion of long-term debt 1,150.8 1,049.2 1,349.1
Current portion of operating lease liabilities 470.1 466.6 454.0
Other accruals 1,151.8 1,360.2 1,170.0
Total current liabilities 7,876.7 6,808.7 7,483.5
Long-term debt 7,827.1 8,176.8 8,129.5
Postretirement benefits other than pensions 120.7 120.7 133.2
Deferred income taxes 586.0 607.5 666.3
Long-term operating lease liabilities 1,573.4 1,558.3 1,495.1
Other long-term liabilities 2,522.1 2,309.4 2,016.8
Shareholders’ equity:      
Common stock - Common stock - $0.33-1/3 par value: 0.0 million, 251.3 million and 253.5 million shares outstanding at March 31, 2025, December 31, 2024 and March 31, 2024, respectively 92.6 92.5 92.0
Other capital 4,622.4 4,576.2 4,298.8
Retained earnings 7,549.8 7,246.3 5,611.0
Treasury stock, at cost (7,361.8) (6,988.6) (5,793.1)
Accumulated other comprehensive loss (772.9) (875.2) (705.0)
Total shareholders’ equity 4,130.1 4,051.2 3,503.7
Total Liabilities and Shareholders’ Equity $ 24,636.1 $ 23,632.6 $ 23,428.1