XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 289.7 $ 262.4
Trade receivables, net of allowance for doubtful accounts of $9.2 in 2020 and $8.2 in 2019 515.8 556.5
Income tax receivables 14.8 32.8
Other receivables 69.8 80.3
Inventory, net of reserves 638.2 570.3
Current assets held for sale 0.7 2.8
Prepaid expenses and other current assets 103.1 58.9
Total current assets 1,632.1 1,564.0
Property and equipment, net 1,115.2 1,141.9
Goodwill 2,196.4 2,216.9
Identifiable intangible assets, net 171.8 182.1
Deferred taxes 236.1 238.6
Operating lease right-of-use-assets 81.7 90.1
Other non-current assets 323.0 331.6
Total assets 5,756.3 5,765.2
Current liabilities:    
Short-term borrowings 81.7 98.9
Current portion of long-term debt 21.8 16.7
Current portion of operating lease liabilities 24.9 26.2
Accounts payable 724.1 738.5
Accrued restructuring costs 22.9 29.5
Income tax payable 43.4 12.3
Other current liabilities 435.9 514.1
Total current liabilities 1,354.7 1,436.2
Long-term debt, less current portion 3,692.7 3,698.6
Long-term operating lease liabilities, less current portion 58.7 65.7
Deferred taxes 31.6 30.7
Other non-current liabilities 688.7 730.2
Total liabilities 5,826.4 5,961.4
Commitments and contingencies - Note 19
Stockholders’ deficit:    
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2020 and 2019 0.0 0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 231,966,871 in 2020 and 231,622,535 in 2019; shares outstanding: 155,680,716 in 2020 and 154,512,813 in 2019 23.2 23.2
Additional paid-in capital 2,070.9 2,073.5
Retained earnings 2,175.1 1,998.5
Common stock in treasury, 76,286,155 shares in 2020 and 77,109,722 shares in 2019 (3,346.3) (3,382.4)
Accumulated other comprehensive loss, net of taxes (993.0) (909.0)
Total stockholders’ deficit (70.1) (196.2)
Total liabilities and stockholders’ deficit $ 5,756.3 $ 5,765.2