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For the Six Months
Ended June 30, |
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For the Years
Ended December 31, |
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2026
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2025
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2025
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2024
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2023
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(U.S. $ in millions)
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Statements of operations and comprehensive income data:
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Net sales
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| | | $ | 2,713.3 | | | | | $ | 1,772.4 | | | | | $ | 3,893.1 | | | | | $ | 3,006.1 | | | | | $ | 2,668.9 | | |
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Income before income taxes
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| | | | 458.9 | | | | | | 249.5 | | | | | | 550.0 | | | | | | 429.2 | | | | | | 375.3 | | |
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Net income
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| | | | 358.3 | | | | | | 470.2 | | | | | | 710.2 | | | | | | 331.8 | | | | | | 567.1 | | |
| Balance sheet data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Total assets
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| | | $ | 7,146.3 | | | | | $ | 6,741.7 | | | | | $ | 6,851.9 | | | | | $ | 6,734.9 | | | | | $ | 6,161.7 | | |
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Total debt
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| | | | 1,500.0 | | | | | | 1,775.0 | | | | | | 1,568.2 | | | | | | 2,166.3 | | | | | | 1,792.5 | | |
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Total equity
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| | | | 3,986.9 | | | | | | 3,518.7 | | | | | | 3,730.2 | | | | | | 3,237.6 | | | | | | 3,142.1 | | |
| Other financial information: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Net cash provided by (used for) operating activities of continuing operations
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| | | $ | 278.7 | | | | | $ | 154.9 | | | | | $ | 649.0 | | | | | $ | 501.0 | | | | | $ | 422.2 | | |
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Net cash provided by (used for) investing activities of continuing operations
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| | | | (57.6) | | | | | | (1,008.0) | | | | | | (1,063.7) | | | | | | (750.8) | | | | | | (1,166.7) | | |
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Net cash provided by (used for) financing activities
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| | | | (196.5) | | | | | | (714.0) | | | | | | (968.4) | | | | | | 146.2 | | | | | | 516.7 | | |
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Free cash flow of continuing operations(1)
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| | | $ | 221.1 | | | | | $ | 118.5 | | | | | $ | 561.0 | | | | | $ | 427.5 | | | | | $ | 356.7 | | |
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For the Six Months
Ended June 30, |
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For the Years
Ended December 31, |
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2026
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2025
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2025
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2024
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2023
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(U.S. $ in millions)
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Net cash provided by (used for) operating activities of continuing operations
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| | | $ | 278.7 | | | | | $ | 154.9 | | | | | $ | 649.0 | | | | | $ | 501.0 | | | | | $ | 422.2 | | |
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Capital expenditures
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| | | | (57.6) | | | | | | (38.0) | | | | | | (93.3) | | | | | | (74.0) | | | | | | (65.6) | | |
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Proceeds from sale of property and equipment
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| | | | — | | | | | | 1.6 | | | | | | 5.3 | | | | | | 0.5 | | | | | | 0.1 | | |
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Free cash flow
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| | | $ | 221.1 | | | | | $ | 118.5 | | | | | $ | 561.0 | | | | | $ | 427.5 | | | | | $ | 356.7 | | |
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As of June 30, 2026
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Actual
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As Adjusted
for the Offering(1) |
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As Further
Adjusted for the Term Loan Financing and Specified Revolving Facility(1) |
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As Further
Adjusted for the Use of Proceeds(1) |
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(U.S. $ in millions)
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Cash and cash equivalents
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| | | $ | 256.0 | | | | | $ | | | | | $ | | | | | $ | | | |||
| Debt: | | | | | | | | | | | | | | | | | | | | | | | | | |
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Revolving credit facility
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| | | $ | — | | | | | $ | — | | | | | $ | 250.0 | | | | | $ | 250.0 | | |
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Existing term loan facility
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| | | | 200.0 | | | | | | 200.0 | | | | | | 200.0 | | | | | | 200.0 | | |
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Existing senior notes
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| | | | 1,300.0 | | | | | | 1,300.0 | | | | | | 1,300.0 | | | | | | 1,300.0 | | |
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New term loan financing
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| | | | — | | | | | | — | | | | | | 600.0 | | | | | | 600.0 | | |
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Notes offered hereby
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| | | | — | | | | | | | | | | | | | | | | | | | | |
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Total debt
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| | | $ | 1,500.0 | | | | | $ | | | | | $ | | | | | $ | | | |||
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Total equity
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| | | $ | 3,986.9 | | | | | $ | 3,986.9 | | | | | $ | 3,986.9 | | | | | $ | 3,986.9 | | |
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Total capitalization
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| | | $ | 5,486.9 | | | | | $ | | | | | $ | | | | | $ | | | | ||
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Fitch Rating*
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Percentage
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BB+
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| | | | 0.25% | | |
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BB
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| | | | 0.50% | | |
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BB-
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| | | | 0.75% | | |
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B+ or below
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| | | | 1.00% | | |
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S&P Rating*
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Percentage
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BB+
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| | | | 0.25% | | |
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BB
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| | | | 0.50% | | |
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BB-
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| | | | 0.75% | | |
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B+ or below
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| | | | 1.00% | | |
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Underwriters
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Principal
Amount of Notes |
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BofA Securities, Inc.
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| | | $ | | | |
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Citigroup Global Markets Inc.
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J.P. Morgan Securities LLC
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BMO Capital Markets Corp.
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U.S. Bancorp Investments, Inc.
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Total
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| | | $ | | | |
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Paid by us
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Per note
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| | BofA Securities | | |
Citigroup
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J.P. Morgan
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BMO Capital Markets
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US Bancorp
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