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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 200.0 $ 271.7
Trade receivables, net of allowance for doubtful accounts of $9.8 in 2019 and $9.1 in 2018 449.0 473.4
Income tax receivables 43.1 58.4
Other receivables 79.6 81.3
Inventories, net of inventory reserves of $25.7 in 2019 and $18.1 in 2018 618.3 544.9
Prepaid expenses and other current assets 201.4 125.1
Total current assets 1,591.4 1,554.8
Property and equipment, net 1,115.8 1,036.2
Goodwill 2,213.1 1,947.6
Identifiable intangible assets, net 182.1 101.7
Deferred taxes 175.8 170.5
Operating lease right-of-use assets 80.3  
Other non-current assets 317.9 239.4
Total assets 5,676.4 5,050.2
Current liabilities:    
Short-term borrowings 205.0 232.8
Current portion of long-term debt 14.2 4.9
Current portion of operating lease liabilities 24.6  
Accounts payable 712.7 765.0
Accrued restructuring costs 41.1 33.5
Income tax payable 22.3 23.5
Other current liabilities 482.4 428.9
Total current liabilities 1,502.3 1,488.6
Long-term debt, less current portion 3,694.0 3,236.5
Long-term operating lease liabilities, less current portion 57.4  
Deferred taxes 20.3 20.4
Other non-current liabilities 706.5 653.3
Total liabilities 5,980.5 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: 231,627,311 in 2019 and 231,619,037 in 2018; shares outstanding: 154,517,589 in 2019 and 155,654,370 in 2018 23.2 23.2
Additional paid-in capital 2,064.7 2,049.6
Retained earnings 1,919.2 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 (928.8) (920.4)
Total stockholders’ deficit (304.1) (348.6)
Total liabilities and stockholders’ deficit $ 5,676.4 $ 5,050.2