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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 222.2 $ 271.7
Trade receivables, net of allowance for doubtful accounts of $9.9 in 2019 and $9.1 in 2018 485.2 473.4
Income tax receivables 53.4 58.4
Other receivables 91.7 81.3
Inventories, net of inventory reserves of $22.2 in 2019 and $18.1 in 2018 596.1 544.9
Current assets held for sale 0.6 0.6
Prepaid expenses and other current assets 127.4 124.5
Total current assets 1,576.6 1,554.8
Property and equipment, net 1,050.1 1,036.2
Goodwill 1,957.2 1,947.6
Identifiable intangible assets, net 100.5 101.7
Deferred taxes 175.5 170.5
Other non-current assets 356.6 239.4
Total assets 5,216.5 5,050.2
Current liabilities:    
Short-term borrowings 265.3 232.8
Current portion of long-term debt 31.6 4.9
Accounts payable 753.0 765.0
Accrued restructuring costs 52.4 33.5
Income tax payable 24.6 23.5
Other current liabilities 460.5 428.9
Total current liabilities 1,587.4 1,488.6
Long-term debt, less current portion 3,291.7 3,236.5
Deferred taxes 20.6 20.4
Other non-current liabilities 658.0 653.3
Total liabilities 5,557.7 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: 231,655,982 in 2019 and 231,619,037 in 2018; shares outstanding: 154,546,260 in 2019 and 155,654,370 in 2018 23.2 23.2
Additional paid-in capital 2,053.0 2,049.6
Retained earnings 1,876.4 1,835.5
Common stock in treasury, 77,109,722 shares in 2019 and 75,964,667 shares in 2018 (3,382.4) (3,336.5)
Accumulated other comprehensive loss, net of taxes (911.4) (920.4)
Total stockholders’ deficit (341.2) (348.6)
Total liabilities and stockholders’ deficit $ 5,216.5 $ 5,050.2