Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 508.0 $ 601.5
Receivables, net of allowance for doubtful accounts 70.6 66.9
Inventories 580.7 575.7
Prepaid expenses and other current assets 196.8 187.7
Total current assets 1,356.1 1,431.8
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 486.3 442.1
Operating lease right-of-use assets 207.1 220.0
Marketing-related intangibles and other intangible assets, net 315.7 317.3
Goodwill 93.2 95.4
Other assets 273.6 313.2
Total assets 2,732.0 2,819.8
Current liabilities:    
Accounts payable 89.8 92.0
Royalty overrides 343.3 363.2
Current portion of long-term debt 29.5 29.4
Other current liabilities 514.0 595.8
Total current liabilities 976.6 1,080.4
Long-term debt, net of current portion 2,662.5 2,733.2
Non-current operating lease liabilities 192.4 201.2
Other non-current liabilities 166.4 196.5
Total liabilities 3,997.9 4,211.3
Commitments and contingencies
Shareholders, deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 97.9 million (2022) and 100.8 million (2021) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 188.7 318.1
Accumulated other comprehensive loss (250.2) (211.8)
Accumulated deficit (1,204.5) (1,169.0)
Treasury stock, at cost, - million (2022) and 10.0 million (2021) shares 0.0 (328.9)
Total shareholders' deficit (1,265.9) (1,391.5)
Total liabilities and shareholders' deficit $ 2,732.0 $ 2,819.8