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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Current assets:      
Cash and cash equivalents $ 293.5 $ 207.2 $ 269.8
Accounts receivable, net 3,571.2 2,791.2 3,111.9
Inventories 2,529.7 2,318.2 2,484.6
Other current assets 604.8 690.8 559.0
Total current assets 6,999.2 6,007.4 6,425.3
Property, plant and equipment, net 4,219.4 4,137.4 3,805.9
Goodwill 8,023.2 8,036.6 7,807.6
Intangible assets 3,803.7 3,966.1 3,543.4
Operating lease right-of-use assets 2,059.9 1,995.2 2,011.3
Other assets 1,846.0 1,759.0 1,770.1
Total Assets 26,951.4 25,901.7 25,363.6
Current liabilities:      
Short-term borrowings 2,246.4 1,200.5 1,706.7
Accounts payable 2,826.4 2,354.2 2,570.0
Compensation and taxes withheld 768.4 839.4 688.9
Accrued taxes 405.4 187.4 255.8
Current portion of long-term debt 1,498.4 350.1 1,150.7
Current portion of operating lease liabilities 486.5 479.8 480.7
Other accruals 1,395.5 1,508.9 1,343.6
Total current liabilities 9,627.0 6,920.3 8,196.4
Long-term debt 8,327.3 9,320.7 7,828.9
Postretirement benefits other than pensions 133.4 129.8 120.7
Deferred income taxes 757.2 765.3 560.9
Long-term operating lease liabilities 1,656.8 1,591.5 1,603.2
Other long-term liabilities 2,595.0 2,575.8 2,652.6
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 83.3 83.1 92.7
Other capital 4,322.1 4,204.5 4,680.2
Retained earnings 2,013.1 1,029.4 8,106.6
Treasury stock, at cost (1,969.7) (84.3) (7,880.7)
Accumulated other comprehensive income (loss) (594.1) (634.4) (597.9)
Total shareholders’ equity 3,854.7 4,598.3 4,400.9
Total Liabilities and Shareholders’ Equity $ 26,951.4 $ 25,901.7 $ 25,363.6