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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 45.7 $ 60.7
Short-term investments 11.9 8.4
Accounts and notes receivable, net of allowances of $15.4 and $14.4 in 2024 and 2023, respectively 616.0 594.6
Inventories, net 823.4 699.1
Other assets 67.5 70.7
Total current assets 1,564.5 1,433.5
Property, plant and equipment, net of accumulated depreciation of $928.1 and $910.8 in 2024 and 2023, respectively 759.1 720.4
Right-of-use assets from operating leases 223.7 213.6
Goodwill 219.9 222.1
Deferred income taxes 60.3 51.8
Other assets, net 157.9 156.9
Total assets 2,985.4 2,798.3
Current Liabilities:    
Accounts payable 437.8 374.7
Accrued expenses 302.3 416.1
Income taxes payable 28.1 4.2
Commercial paper 250.0 150.0
Current maturities of long-term debt 22.5 12.1
Current operating lease liabilities 56.7 57.5
Total current liabilities 1,097.4 1,014.6
Long-term debt 1,153.7 1,143.1
Long-term operating lease liabilities 174.3 164.6
Pensions 17.5 22.5
Other liabilities 173.7 168.2
Total liabilities 2,616.6 2,513.0
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197 shares issued 0.9 0.9
Additional paid-in capital 1,190.6 1,184.6
Retained earnings 3,591.1 3,506.2
Accumulated other comprehensive loss (57.9) (56.9)
Treasury stock, at cost, 51,548,073 shares and 51,588,103 shares for 2024 and 2023, respectively 4,355.9 4,349.5
Total stockholders' equity 368.8 285.3
Total liabilities and stockholders' equity $ 2,985.4 $ 2,798.3