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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Assets      
Cash and cash equivalents $ 292.4 $ 931.1 $ 139.6
Restricted cash 7.7 18.1 0.4
Accounts and notes receivable, gross 900.4 903.3 988.1
Allowance for credit losses (14.3) (13.6) (13.1)
Accounts and notes receivable, net 886.1 889.7 975.0
Inventories 647.2 615.6 585.6
Other current assets 74.2 70.4 91.9
Total current assets 1,907.6 2,524.9 1,792.5
Investments and long-term receivables 31.4 31.3 31.3
Property, plant & equipment, cost 11,949.3 11,835.5 11,413.5
Allowances for depreciation, depletion & amortization (5,740.0) (5,617.8) (5,368.6)
Property, plant & equipment, net 6,209.3 6,217.7 6,044.9
Operating lease right-of-use assets, net 512.4 511.7 569.5
Goodwill 3,531.7 3,531.7 3,689.6
Other intangible assets, net 1,445.8 1,460.7 1,679.2
Other noncurrent assets 272.7 267.7 269.9
Total assets 13,910.9 14,545.7 14,076.9
Liabilities      
Current maturities of long-term debt 0.5 0.5 0.5
Trade payables and accruals 320.9 390.4 370.3
Other current liabilities 374.8 406.7 386.1
Total current liabilities 696.2 797.6 756.9
Long-term debt 3,330.7 3,877.3 3,876.9
Deferred income taxes, net 1,027.3 1,028.9 1,060.1
Deferred revenue 143.6 145.3 157.8
Noncurrent operating lease liabilities 508.2 507.4 545.9
Other noncurrent liabilities 688.3 681.3 668.6
Total liabilities 6,394.3 7,037.8 7,066.2
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.3, 132.1 and 133.1 shares, respectively 132.3 132.1 133.1
Capital in excess of par value 2,865.0 2,880.1 2,832.9
Retained earnings 4,636.7 4,615.0 4,174.0
Accumulated other comprehensive loss (142.1) (143.8) (153.1)
Total shareholders' equity 7,491.9 7,483.4 6,986.9
Noncontrolling interest 24.7 24.5 23.8
Total equity 7,516.6 7,507.9 7,010.7
Total liabilities and equity $ 13,910.9 $ 14,545.7 $ 14,076.9