Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 329.4 $ 415.3
Receivables, net of allowance for doubtful accounts 90.1 68.9
Inventories 488.0 475.4
Prepaid expenses and other current assets 186.5 184.1
Total current assets 1,094.0 1,143.7
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 450.3 460.2
Operating lease right-of-use assets 183.6 185.7
Marketing-related intangibles and other intangible assets, net 311.9 312.3
Goodwill 89.2 87.7
Deferred income tax assets 414.3 398.6
Other assets 141.0 139.9
Total assets 2,684.3 2,728.1
Current liabilities:    
Accounts payable 85.4 70.0
Royalty overrides 306.4 334.1
Current portion of long-term debt 218.7 283.5
Other current liabilities 518.5 542.8
Total current liabilities 1,129.0 1,230.4
Long-term debt, net of current portion 1,975.0 1,976.6
Non-current operating lease liabilities 167.4 169.5
Other non-current liabilities 148.9 152.7
Total liabilities 3,420.3 3,529.2
Commitments and contingencies
Shareholders' deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 101.6 million (2025) and 101.2 million (2024) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 287.9 278.2
Accumulated other comprehensive loss (266.4) (271.4)
Accumulated deficit (757.6) (808.0)
Total shareholders' deficit (736.0) (801.1)
Total liabilities and shareholders' deficit $ 2,684.3 $ 2,728.1