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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents [1] $ 191.3 $ 594.0
Trade receivables, net of allowance for doubtful accounts of $7.2 in 2018 and $6.5 in 2017 508.8 552.4
Income tax receivables 32.7 85.1
Other receivables 88.7 90.2
Inventories, net of inventory reserves of $19.9 in 2018 and $15.5 in 2017 605.4 506.8
Current assets held for sale 0.6 4.0
Prepaid expenses and other current assets 167.9 33.9
Total current assets 1,595.4 1,866.4
Property and equipment, net 1,022.0 998.4
Goodwill 1,951.9 1,939.8
Identifiable intangible assets, net 102.3 83.6
Deferred taxes 113.6 176.2
Other non-current assets 211.8 215.9
Total assets 4,997.0 5,280.3
Current liabilities:    
Short-term borrowings 308.3 25.3
Current portion of long-term debt 5.1 2.2
Accounts payable 775.3 723.8
Current liabilities held for sale 0.0 2.2
Accrued restructuring costs 19.3 15.4
Income tax payable 58.6 47.3
Other current liabilities 400.0 562.0
Total current liabilities 1,566.6 1,378.2
Long-term debt, less current portion 3,242.5 3,230.5
Deferred taxes 18.5 28.5
Other non-current liabilities 615.1 490.8
Total liabilities 5,442.7 5,128.0
Commitments and contingencies - Note 16
Stockholders’ (deficit) equity:    
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2018 and 2017 0.0 0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 231,609,331 in 2018 and 230,080,944 in 2017; shares outstanding: 156,936,418 in 2018 and 168,595,521 in 2017 23.2 23.0
Additional paid-in capital 2,043.2 1,939.6
Retained earnings 1,646.7 1,735.2
Common stock in treasury, 74,672,913 shares in 2018 and 61,485,423 shares in 2017 (3,288.1) (2,700.6)
Accumulated other comprehensive loss, net of taxes (870.7) (844.9)
Total stockholders’ (deficit) equity (445.7) 152.3
Total liabilities and stockholders’ (deficit) equity $ 4,997.0 $ 5,280.3
[1] Restricted cash and cash equivalents included compensating balance deposits related to certain short-term borrowings.