v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 569.7 $ 601.5
Receivables, net of allowance for doubtful accounts 84.0 66.9
Inventories 570.0 575.7
Prepaid expenses and other current assets 215.4 187.7
Total current assets 1,439.1 1,431.8
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 453.7 442.1
Operating lease right-of-use assets 214.8 220.0
Marketing-related intangibles and other intangible assets, net 316.9 317.3
Goodwill 96.0 95.4
Other assets 304.2 313.2
Total assets 2,824.7 2,819.8
Current liabilities:    
Accounts payable 90.4 92.0
Royalty overrides 406.1 363.2
Current portion of long-term debt 29.4 29.4
Other current liabilities 573.7 595.8
Total current liabilities 1,099.6 1,080.4
Long-term debt, net of current portion 2,786.5 2,733.2
Non-current operating lease liabilities 195.9 201.2
Other non-current liabilities 196.0 196.5
Total liabilities 4,278.0 4,211.3
Commitments and contingencies
Shareholders’ deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 98.8 million (2022) and 100.8 million (2021) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 173.0 318.1
Accumulated other comprehensive loss (210.0) (211.8)
Net income (1,087.5) (1,169.0)
Treasury stock, at cost,10.0 million (2022) and 10.0 million (2021) shares (328.9) (328.9)
Total shareholders’ deficit (1,453.3) (1,391.5)
Total liabilities and shareholders’ deficit $ 2,824.7 $ 2,819.8

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