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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current assets:      
Cash and cash equivalents $ 216.9 $ 207.2 $ 199.8
Accounts receivable, net 3,192.1 2,791.2 2,813.1
Inventories 2,473.2 2,318.2 2,515.2
Other current assets 617.5 690.8 511.6
Total current assets 6,499.7 6,007.4 6,039.7
Property, plant and equipment, net 4,205.9 4,137.4 3,663.4
Goodwill 8,003.4 8,036.6 7,708.4
Intangible assets 3,885.6 3,966.1 3,493.4
Operating lease right-of-use assets 2,007.4 1,995.2 1,972.9
Other assets 1,776.7 1,759.0 1,758.3
Total Assets 26,378.7 25,901.7 24,636.1
Current liabilities:      
Short-term borrowings 2,376.6 1,200.5 1,798.5
Accounts payable 2,603.4 2,354.2 2,512.9
Compensation and taxes withheld 592.0 839.4 566.7
Accrued taxes 271.7 187.4 225.9
Current portion of long-term debt 0.1 350.1 1,150.8
Current portion of operating lease liabilities 484.7 479.8 470.1
Other accruals 1,206.1 1,508.9 1,151.8
Total current liabilities 7,534.6 6,920.3 7,876.7
Long-term debt 9,323.1 9,320.7 7,827.1
Postretirement benefits other than pensions 131.6 129.8 120.7
Deferred income taxes 765.4 765.3 586.0
Long-term operating lease liabilities 1,602.2 1,591.5 1,573.4
Other long-term liabilities 2,590.7 2,575.8 2,522.1
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 0.0 million, 247.7 million and 250.6 million shares outstanding at March 31, 2026, December 31, 2025 and March 31, 2025, respectively 83.2 83.1 92.6
Other capital 4,275.5 4,204.5 4,622.4
Retained earnings 1,367.0 1,029.4 7,549.8
Treasury stock, at cost (707.8) (84.3) (7,361.8)
Accumulated other comprehensive income (loss) (586.8) (634.4) (772.9)
Total shareholders’ equity 4,431.1 4,598.3 4,130.1
Total Liabilities and Shareholders’ Equity $ 26,378.7 $ 25,901.7 $ 24,636.1