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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash and cash equivalents $ 207.2 $ 210.4 $ 276.8
Accounts receivable, net 2,791.2 2,388.8 2,467.9
Inventories 2,318.2 2,288.1 2,329.8
Other current assets 690.8 513.5 438.4
Total current assets 6,007.4 5,400.8 5,512.9
Property, plant and equipment, net 4,137.4 3,533.2 2,836.8
Goodwill 8,036.6 7,580.1 7,626.0
Intangible assets 3,966.1 3,533.2 3,880.5
Operating lease right-of-use assets 1,995.2 1,953.8 1,887.4
Other assets 1,759.0 1,631.5 1,210.8
Total Assets 25,901.7 23,632.6 22,954.4
Current liabilities:      
Short-term borrowings 1,200.5 662.4 374.2
Accounts payable 2,354.2 2,253.2 2,315.0
Compensation and taxes withheld 839.4 842.8 862.7
Accrued taxes 187.4 174.3 197.4
Current portion of long-term debt 350.1 1,049.2 1,098.8
Current portion of operating lease liabilities 479.8 466.6 449.3
Other accruals 1,508.9 1,360.2 1,329.5
Total current liabilities 6,920.3 6,808.7 6,626.9
Long-term debt 9,320.7 8,176.8 8,377.9
Postretirement benefits other than pensions 129.8 120.7 133.2
Deferred income taxes 765.3 607.5 683.1
Long-term operating lease liabilities 1,591.5 1,558.3 1,509.5
Other long-term liabilities 2,575.8 2,309.4 1,908.0
Shareholders’ equity:      
Common stock - $0.00-1/3 par value: 0.0, 251.3 and 254.5 million shares outstanding at December 31, 2025, 2024 and 2023, respectively 83.1 92.5 91.8
Other capital 4,204.5 4,576.2 4,193.6
Retained earnings 1,029.4 7,246.3 5,288.3
Treasury stock, at cost (84.3) (6,988.6) (5,233.6)
Accumulated other comprehensive income (loss) (634.4) (875.2) (624.3)
Total shareholders’ equity 4,598.3 4,051.2 3,715.8
Total Liabilities and Shareholders’ Equity $ 25,901.7 $ 23,632.6 $ 22,954.4