v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 771.3 $ 1,112.1
Receivables, net of allowance for credit losses of $2.9 and $3.9 692.1 593.8
Inventories 481.0 447.3
Prepaid expenses 27.2 28.5
Other current assets 60.8 95.7
Total current assets 2,032.4 2,277.4
Property, plant, and equipment, net of accumulated depreciation of $787.9 and $774.0 813.3 807.1
Goodwill 1,537.2 1,538.9
Other intangible assets, net of accumulated amortization of $701.8 and $673.7 1,393.4 1,425.5
Other long-term assets 213.4 214.1
Total assets 5,989.7 6,263.0
LIABILITIES AND EQUITY    
Accounts payable 316.4 233.0
Other current liabilities 284.9 503.0
Total current liabilities 601.3 736.0
Long-term debt 2,883.7 2,881.6
Contract liabilities 344.6 342.5
Deferred taxes 245.4 245.6
Other long-term liabilities 261.5 261.9
Common stock [1],[2] 78.7 78.7
Additional paid-in capital 611.2 603.5
Treasury stock [3] (6,371.2) (6,149.3)
Accumulated other comprehensive loss (80.0) (70.0)
Retained earnings 7,414.5 7,332.5
Total liabilities and equity $ 5,989.7 $ 6,263.0
[1] Common Stock: $1 par value; 200.0 shares authorized; 40.5 and 41.0 shares outstanding, respectively
[2] Preferred Stock: $1 par value; 5.0 shares authorized; no shares were issued or outstanding during any period presented
[3] Treasury Stock: at cost; 38.1 and 37.6 shares, respectively