XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 236.0 $ 271.7
Trade receivables, net of allowance for doubtful accounts of $9.4 in 2019 and $9.1 in 2018 464.0 473.4
Income tax receivables 46.7 58.4
Other receivables 82.7 81.3
Inventories, net of inventory reserves of $20.2 in 2019 and $18.1 in 2018 597.4 544.9
Current assets held for sale 0.6 0.6
Prepaid expenses and other current assets 127.8 124.5
Total current assets 1,555.2 1,554.8
Property and equipment, net 1,026.1 1,036.2
Goodwill 1,950.0 1,947.6
Identifiable intangible assets, net 103.3 101.7
Deferred taxes 166.4 170.5
Other non-current assets 354.0 239.4
Total assets 5,155.0 5,050.2
Current liabilities:    
Short-term borrowings 251.7 232.8
Current portion of long-term debt 31.2 4.9
Accounts payable 769.1 765.0
Accrued restructuring costs 36.1 33.5
Income tax payable 25.1 23.5
Other current liabilities 367.9 428.9
Total current liabilities 1,481.1 1,488.6
Long-term debt, less current portion 3,284.6 3,236.5
Deferred taxes 20.8 20.4
Other non-current liabilities 660.9 653.3
Total liabilities 5,447.4 5,398.8
Commitments and contingencies - Note 18
Stockholders’ deficit:    
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2019 and 2018 0.0 0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 231,667,372 in 2019 and 231,619,037 in 2018; shares outstanding: 155,753,430 in 2019 and 155,654,370 in 2018 23.2 23.2
Additional paid-in capital 2,047.8 2,049.6
Retained earnings 1,868.0 1,835.5
Common stock in treasury, 75,913,942 shares in 2019 and 75,964,667 shares in 2018 (3,332.8) (3,336.5)
Accumulated other comprehensive loss, net of taxes (898.6) (920.4)
Total stockholders’ deficit (292.4) (348.6)
Total liabilities and stockholders’ deficit $ 5,155.0 $ 5,050.2