v3.24.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Current assets:      
Cash and cash equivalents $ 200.0 $ 276.8 $ 209.4
Accounts receivable, net 3,048.1 2,467.9 3,117.8
Inventories 2,289.1 2,329.8 2,439.0
Other current assets 513.4 438.4 584.4
Total current assets 6,050.6 5,512.9 6,350.6
Property, plant and equipment, net 3,136.6 2,836.8 2,442.5
Goodwill 7,606.9 7,626.0 7,446.5
Intangible assets 3,692.8 3,880.5 3,934.4
Operating lease right-of-use assets 1,890.8 1,887.4 1,869.2
Other assets 1,356.3 1,210.8 1,122.9
Total assets 23,734.0 22,954.4 23,166.1
Current liabilities:      
Short-term borrowings 1,358.3 374.2 806.2
Accounts payable 2,493.9 2,315.0 2,489.7
Compensation and taxes withheld 708.6 862.7 700.5
Accrued taxes 347.1 197.4 308.0
Current portion of long-term debt 849.7 1,098.8 499.5
Current portion of operating lease liabilities 457.8 449.3 436.1
Other accruals 1,251.2 1,329.5 1,099.1
Total current liabilities 7,466.6 6,626.9 6,339.1
Long-term debt 8,130.8 8,377.9 9,095.7
Postretirement benefits other than pensions 133.2 133.2 139.3
Deferred income taxes 642.0 683.1 710.9
Long-term operating lease liabilities 1,502.9 1,509.5 1,503.2
Other long-term liabilities 2,106.7 1,908.0 1,746.8
Shareholders’ equity:      
Common stock - $0.33-1/3 par value: 252.3 million, 254.5 million and 257.1 million shares outstandingat June 30, 2024, December 31, 2023 and June 30, 2023, respectively 92.1 91.8 91.4
Other capital 4,342.0 4,193.6 4,044.6
Retained earnings 6,322.3 5,288.3 4,481.5
Treasury stock, at cost (6,227.7) (5,233.6) (4,335.1)
Accumulated other comprehensive loss (776.9) (624.3) (651.3)
Total shareholders' equity 3,751.8 3,715.8 3,631.1
Total liabilities and shareholders’ equity $ 23,734.0 $ 22,954.4 $ 23,166.1