v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 903.2 $ 445.0
Accounts receivable, less allowances of $4.9 million and $5.8 million, respectively 123.2 137.2
Inventories 625.3 628.2
Prepaid expenses 44.1 40.7
Other current assets 69.8 61.5
Current assets of discontinued operations (Note 4) 4,170.0 288.1
Total current assets 5,935.6 1,600.7
Property, plant and equipment, net 159.5 175.9
Operating lease right-of-use assets, net 173.5 151.9
Intangible assets, net 222.4 222.5
Goodwill 619.8 618.7
Other assets, net 175.2 120.8
Long-term assets of discontinued operations (Note 4) 0.0 4,745.6
Total assets 7,286.0 7,636.1
Current liabilities:    
Accounts payable and accrued expenses 296.2 267.2
Accrued employee compensation and benefits 84.9 48.3
Long-term debt, current portion 765.3 14.6
Asset-based credit facilities 44.7 25.4
Operating lease liabilities, short-term 22.9 18.1
Deferred revenue 21.5 15.9
Other current liabilities 18.5 17.0
Current liabilities of discontinued operations (Note 4) 3,113.5 419.4
Total current liabilities 4,367.5 825.9
Long-term debt, net 650.7 1,414.3
Operating lease liabilities, long-term 189.7 164.5
Other long-term liabilities 9.2 5.4
Long-term liabilities of discontinued operations (Note 4) 0.0 2,818.3
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at both December 31, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, 186.2 million shares issued at both December 31, 2025 and December 31, 2024 1.9 1.9
Additional paid-in capital 3,037.5 3,032.8
Retained earnings (accumulated deficit) (909.5) (500.2)
Accumulated other comprehensive loss (27.6) (76.0)
Less: Common stock held in treasury, at cost, 2.3 million shares and 3.1 million shares at December 31, 2025 and December 31, 2024, respectively (33.4) (50.8)
Total shareholders’ equity 2,068.9 2,407.7
Total liabilities and shareholders’ equity $ 7,286.0 $ 7,636.1
Common stock, issued (in shares) 186.2 186.2