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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 69.9 $ 125.4
Receivables, net 1,533.0 1,316.4
Unbilled receivables, net 792.1 771.6
Inventories 2,208.4 2,131.6
Income taxes receivable 36.4 42.2
Other current assets 91.7 93.6
Total current assets 4,731.5 4,480.8
Property, plant and equipment, net 1,102.9 1,069.5
Goodwill 1,409.4 1,416.4
Purchased intangible assets, net 812.8 830.2
Deferred income taxes 261.1 262.0
Deferred contract costs 793.4 710.7
Other non-current assets 359.9 359.6
Total assets 9,471.0 9,129.2
Current liabilities:    
Revolving credit facilities 641.0 175.0
Accounts payable 1,059.3 1,214.5
Customer advances 703.8 706.9
Payroll-related obligations 158.4 242.5
Income taxes payable 328.7 308.0
Other current liabilities 428.3 442.7
Total current liabilities 3,319.5 3,089.6
Long-term debt, less current maturities 598.9 597.5
Non-current customer advances 1,181.5 1,190.7
Deferred income taxes 25.0 26.8
Other non-current liabilities 520.1 519.3
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 821.7 823.0
Retained earnings 3,955.1 3,805.8
Accumulated other comprehensive loss (89.6) (72.0)
Common Stock in treasury, at cost (9,625,476 and 9,627,658 shares, respectively) (861.9) (852.2)
Total shareholders’ equity 3,826.0 3,705.3
Total liabilities and shareholders’ equity $ 9,471.0 $ 9,129.2