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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 125.4 $ 805.9
Receivables, net 1,316.4 1,162.0
Unbilled receivables, net 771.6 586.3
Inventories 2,131.6 1,865.6
Income taxes receivable 42.2 21.6
Other current assets 93.6 90.7
Total current assets 4,480.8 4,532.1
Property, plant and equipment, net 1,069.5 826.2
Goodwill 1,416.4 1,042.0
Purchased intangible assets, net 830.2 457.0
Deferred income taxes 262.0 134.8
Deferred contract costs 710.7 415.8
Other long-term assets 359.6 321.1
Total assets 9,129.2 7,729.0
Current liabilities:    
Revolving credit facilities 175.0 9.7
Accounts payable 1,214.5 1,129.0
Customer advances 706.9 696.7
Payroll-related obligations 242.5 119.5
Income taxes payable 308.0 100.3
Other current liabilities 442.7 373.4
Total current liabilities 3,089.6 2,428.6
Long-term debt, less current maturities 597.5 595.0
Long-term customer advances 1,190.7 1,020.5
Deferred income taxes 26.8  
Other long-term liabilities 519.3 499.2
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding)
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued) 0.7 0.7
Additional paid-in capital 823.0 806.0
Retained earnings 3,805.8 3,315.0
Accumulated other comprehensive loss (72.0) (92.3)
Common Stock in treasury, at cost (9,627,658 and 9,629,317 shares, respectively) (852.2) (843.7)
Total shareholders’ equity 3,705.3 3,185.7
Total liabilities and shareholders’ equity $ 9,129.2 $ 7,729.0