Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 398.3 $ 575.2
Receivables, net of allowance for doubtful accounts 87.9 81.2
Inventories 501.9 505.2
Prepaid expenses and other current assets 238.1 237.7
Total current assets 1,226.2 1,399.3
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 510.9 506.5
Operating lease right-of-use assets 179.1 185.8
Marketing-related intangibles and other intangible assets, net 313.6 314.0
Goodwill 93.9 95.4
Other assets 323.3 308.4
Total assets 2,647.0 2,809.4
Current liabilities:    
Accounts payable 89.9 84.0
Royalty overrides 313.3 343.4
Current portion of long-term debt 2.9 309.5
Other current liabilities 538.6 540.7
Total current liabilities 944.7 1,277.6
Long-term debt, net of current portion 2,405.0 2,252.9
Non-current operating lease liabilities 163.9 167.6
Other non-current liabilities 170.0 171.6
Total liabilities 3,683.6 3,869.7
Commitments and contingencies
Shareholders' deficit:    
Common shares, $0.0005 par value ; 2.0 billion shares authorized; 99.8 million (2024) and 99.2 million (2023) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 244.2 233.9
Accumulated other comprehensive loss (242.9) (232.0)
Accumulated deficit (1,038.0) (1,062.3)
Total shareholders' deficit (1,036.6) (1,060.3)
Total liabilities and shareholders' deficit $ 2,647.0 $ 2,809.4