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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 432.4 $ 634.7
Trade receivables, net 237.2 257.2
Inventories, net 1,339.9 1,177.6
Prepaid expenses and other 123.2 134.1
Income taxes receivable 0.4 3.9
Total current assets 2,133.1 2,207.5
Property and equipment, net 879.0 888.8
Investment in finance affiliate 46.8 59.4
Deferred tax assets 158.6 177.7
Goodwill and other intangible assets, net 1,070.8 1,083.7
Operating lease assets 118.9 125.4
Other long-term assets 106.5 90.2
Total assets 4,513.7 4,632.7
Current liabilities:    
Current portion of debt, finance lease obligations and notes payable 142.1 142.1
Accounts payable 869.1 782.2
Accrued expenses:    
Compensation 148.8 215.4
Warranties 139.9 140.8
Sales promotions and incentives 111.9 138.1
Dealer holdback 95.4 121.7
Other 283.2 292.4
Current operating lease liabilities 33.6 34.7
Income taxes payable 32.9 22.0
Total current liabilities 1,856.9 1,889.4
Long-term income taxes payable 15.3 14.4
Finance lease obligations 13.6 14.7
Long-term debt 1,278.1 1,293.9
Deferred tax liabilities 4.3 4.4
Long-term operating lease liabilities 87.1 92.3
Other long-term liabilities 179.5 166.5
Total liabilities 3,434.8 3,475.6
Deferred compensation 17.9 12.3
Shareholders’ equity:    
Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock $0.01 par value per share, 160.0 shares authorized, 61.2 and 61.9 shares issued and outstanding, respectively 0.6 0.6
Additional paid-in capital 1,082.5 983.9
Retained earnings 48.8 218.4
Accumulated other comprehensive loss, net (72.5) (58.4)
Total shareholders’ equity 1,059.4 1,144.5
Noncontrolling interest 1.6 0.3
Total equity 1,061.0 1,144.8
Total liabilities and equity $ 4,513.7 $ 4,632.7