Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 575.2 $ 508.0
Receivables, net of allowance for doubtful accounts 81.2 70.6
Inventories 505.2 580.7
Prepaid expenses and other current assets 237.7 196.8
Total current assets 1,399.3 1,356.1
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 506.5 486.3
Operating lease right-of-use assets 185.8 207.1
Marketing-related intangibles and other intangible assets, net 314.0 315.7
Goodwill 95.4 93.2
Other assets 308.4 273.6
Total assets 2,809.4 2,732.0
Current liabilities:    
Accounts payable 84.0 89.8
Royalty overrides 343.4 343.3
Current portion of long-term debt 309.5 29.5
Other current liabilities 540.7 514.0
Total current liabilities 1,277.6 976.6
Long-term debt, net of current portion 2,252.9 2,662.5
Non-current operating lease liabilities 167.6 192.4
Other non-current liabilities 171.6 166.4
Total liabilities 3,869.7 3,997.9
Commitments and contingencies
Shareholders' deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 99.2 million (2023) and 97.9 million (2022) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 233.9 188.7
Accumulated other comprehensive loss (232.0) (250.2)
Accumulated deficit (1,062.3) (1,204.5)
Total shareholders' deficit (1,060.3) (1,265.9)
Total liabilities and shareholders' deficit $ 2,809.4 $ 2,732.0