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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 440.7 $ 315.2
Accounts receivable, net of allowance for credit losses of $27.0 and $25.7, respectively 4,418.5 4,461.3
Merchandise inventory 706.4 800.2
Miscellaneous receivables 489.7 489.1
Prepaid expenses and other 403.1 498.2
Total current assets 6,458.4 6,564.0
Operating lease right-of-use assets 133.1 149.2
Property and equipment, net 194.9 188.8
Goodwill 4,417.4 4,342.7
Other intangible assets, net 1,384.9 1,490.7
Other assets 286.6 396.1
Total Assets 12,875.3 13,131.5
Current liabilities:    
Accounts payable-trade 2,616.7 2,821.3
Accounts payable-inventory financing 620.0 519.0
Current maturities of long-term debt 40.0 56.3
Contract liabilities 438.9 485.5
Accrued expenses and other current liabilities:    
Compensation 271.4 377.8
Advertising 150.1 130.5
Sales and income taxes 80.0 73.5
Other 565.0 483.2
Total current liabilities 4,782.1 4,947.1
Long-term liabilities:    
Debt 5,661.5 5,866.4
Deferred income taxes 171.8 203.4
Operating lease liabilities 168.8 175.2
Other liabilities 281.1 336.1
Total long-term liabilities 6,283.2 6,581.1
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods 0.0 0.0
Common stock, $0.01 par value, 1,000.0 shares authorized; 134.0 and 135.5 shares outstanding, respectively 1.3 1.4
Paid-in capital 3,645.0 3,518.1
Accumulated deficit (1,686.8) (1,763.8)
Accumulated other comprehensive loss (149.5) (152.4)
Total stockholders’ equity 1,810.0 1,603.3
Total Liabilities and Stockholders’ Equity $ 12,875.3 $ 13,131.5