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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 375.4 $ 509.2
Trade receivables, net 251.1 240.5
Inventories, net 1,879.7 1,644.8
Prepaid expenses and other 146.7 160.5
Income taxes receivable 2.2 4.0
Total current assets 2,655.1 2,559.0
Property and equipment, net 978.2 975.4
Investment in finance affiliate 33.3 49.3
Deferred tax assets 154.5 163.6
Goodwill and other intangible assets, net 1,029.4 1,037.5
Operating lease assets 187.0 165.2
Other long-term assets 91.4 97.8
Total assets 5,128.9 5,047.8
Current liabilities:    
Current portion of debt, finance lease obligations and notes payable 553.3 553.3
Accounts payable 978.5 797.4
Accrued expenses:    
Compensation 118.9 223.9
Warranties 128.3 135.1
Sales promotions and incentives 79.1 96.9
Dealer holdback 90.6 98.9
Other 244.3 268.1
Current operating lease liabilities 43.5 39.3
Income taxes payable 14.4 17.2
Total current liabilities 2,250.9 2,230.1
Long-term income taxes payable 13.7 13.3
Finance lease obligations 11.5 12.1
Long-term debt 1,382.5 1,235.3
Deferred tax liabilities 5.4 5.5
Long-term operating lease liabilities 146.2 128.5
Other long-term liabilities 186.7 185.5
Total liabilities 3,996.9 3,810.3
Deferred compensation 11.4 11.2
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, 59.5 and 60.4 shares issued and outstanding, respectively 0.6 0.6
Additional paid-in capital 1,142.8 1,143.8
Retained earnings 45.0 157.3
Accumulated other comprehensive loss, net (69.8) (77.4)
Total shareholders’ equity 1,118.6 1,224.3
Noncontrolling interest 2.0 2.0
Total equity 1,120.6 1,226.3
Total liabilities and equity $ 5,128.9 $ 5,047.8