v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 543.8 $ 373.0
Accounts receivable, net of allowance for doubtful accounts of $32.2 and $50.1, respectively 815.2 1,178.2
Inventories, net 1,079.7 1,376.0
Prepaid expenses and other current assets 145.4 177.1
Current assets held for sale 278.6 621.8
Total current assets 2,862.7 3,726.1
Property, plant and equipment, net of accumulated depreciation of $866.1 and $849.3, respectively 500.6 601.0
Goodwill 3,514.4 [1] 4,072.4
Other intangible assets, net 1,582.7 1,915.1
Deferred income taxes 615.6 494.6
Other noncurrent assets 295.9 275.4
Noncurrent assets held for sale 0.0 600.8
Total assets 9,371.9 11,685.4
Liabilities and Stockholders' Deficit    
Accounts payable 435.9 684.3
Accrued and other liabilities 634.3 868.6
Current portion of long-term debt 32.0 32.0
Current liabilities held for sale 307.2 522.6
Total current liabilities 1,409.4 2,107.5
Long-term debt 9,246.6 9,469.6
Deferred income taxes 110.7 115.5
Other noncurrent liabilities 411.9 355.9
Noncurrent liabilities held for sale 0.0 82.6
Total liabilities 11,178.6 12,131.1
Commitments and contingencies
Series A convertible preferred stock, $0.01 par value 1,162.1 1,100.3
Stockholders' deficit:    
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,162,085 and 1,100,310, respectively, Series A convertible preferred stock 0.0 0.0
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 212,108,634 and 208,371,426, respectively 2.3 2.2
Additional paid-in capital 2,550.4 2,542.9
Accumulated deficit (4,953.1) (3,502.2)
Accumulated other comprehensive loss (266.7) (296.3)
Treasury stock, at cost: 14,424,126 shares and 12,726,695 shares, respectively (301.7) (292.6)
Total stockholders' deficit (2,968.8) (1,546.0)
Total liabilities and stockholders' deficit $ 9,371.9 $ 11,685.4
[1] As of December 31, 2023, the CCS reportable segment goodwill balance of $2,140.4 million includes goodwill balances of $881.5 million and $1,258.9 million for the Building and Data Center Connectivity (BDCC) and Network Cable and Connectivity reporting units, respectively.