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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Assets      
Cash and cash equivalents $ 111.0 $ 931.1 $ 166.0
Restricted cash 0.6 18.1 2.2
Accounts and notes receivable, gross 1,075.5 903.3 1,174.6
Allowance for credit losses (14.3) (13.6) (14.2)
Accounts and notes receivable, net 1,061.2 889.7 1,160.4
Inventories 650.3 615.6 594.6
Other current assets 153.4 70.4 120.5
Total current assets 1,976.5 2,524.9 2,043.7
Investments and long-term receivables 31.4 31.3 31.2
Property, plant & equipment, cost 12,240.8 11,835.5 11,561.5
Allowances for depreciation, depletion & amortization (5,825.0) (5,617.8) (5,455.7)
Property, plant & equipment, net 6,415.8 6,217.7 6,105.8
Operating lease right-of-use assets, net 511.8 511.7 558.4
Goodwill 3,536.6 3,531.7 3,689.5
Other intangible assets, net 1,462.7 1,460.7 1,653.1
Other noncurrent assets 281.6 267.7 251.9
Total assets 14,216.4 14,545.7 14,333.6
Liabilities      
Current maturities of long-term debt 0.5 0.5 0.5
Total short-term debt 95.0 0.0 0.0
Trade payables and accruals 326.6 390.4 402.1
Other current liabilities 374.7 406.7 390.7
Total current liabilities 796.8 797.6 793.3
Long-term debt 3,331.7 3,877.3 3,873.2
Deferred income taxes, net 1,011.5 1,028.9 1,069.8
Deferred revenue 141.4 145.3 149.9
Noncurrent operating lease liabilities 507.5 507.4 537.5
Other noncurrent liabilities 697.1 681.3 683.5
Total liabilities 6,486.0 7,037.8 7,107.2
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.1, 132.1 and 132.9 shares, respectively 132.1 132.1 132.9
Capital in excess of par value 2,879.9 2,880.1 2,845.4
Retained earnings 4,833.9 4,615.0 4,375.7
Accumulated other comprehensive loss (140.6) (143.8) (151.4)
Total shareholders' equity 7,705.3 7,483.4 7,202.6
Noncontrolling interest 25.1 24.5 23.8
Total equity 7,730.4 7,507.9 7,226.4
Total liabilities and equity $ 14,216.4 $ 14,545.7 $ 14,333.6