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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 316.8 $ 262.4
Trade receivables, net of allowance for doubtful accounts of $11.6 in 2020 and $8.2 in 2019 582.7 556.5
Income tax receivables 15.2 32.8
Other receivables 65.9 80.3
Inventory, net of reserves 630.9 570.3
Current assets held for sale 0.7 2.8
Prepaid expenses and other current assets 55.2 58.9
Total current assets 1,667.4 1,564.0
Property and equipment, net 1,136.4 1,141.9
Goodwill 2,207.7 2,216.9
Identifiable intangible assets, net 167.6 182.1
Deferred taxes 246.3 238.6
Operating lease right-of-use-assets 77.3 90.1
Other non-current assets 325.5 331.6
Total assets 5,828.2 5,765.2
Current liabilities:    
Short-term borrowings 7.4 98.9
Current portion of long-term debt 21.8 16.7
Current portion of operating lease liabilities 24.3 26.2
Accounts payable 718.8 738.5
Accrued restructuring costs 17.0 29.5
Income tax payable 42.9 12.3
Other current liabilities 481.0 514.1
Total current liabilities 1,313.2 1,436.2
Long-term debt, less current portion 3,710.1 3,698.6
Long-term operating lease liabilities, less current portion 54.5 65.7
Deferred taxes 31.5 30.7
Other non-current liabilities 694.4 730.2
Total liabilities 5,803.7 5,961.4
Commitments and contingencies - Note 19
Stockholders’ equity (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: 231,965,316 in 2020 and 231,622,535 in 2019; shares outstanding: 155,157,663 in 2020 and 154,512,813 in 2019 23.2 23.2
Additional paid-in capital 2,082.7 2,073.5
Retained earnings 2,283.8 1,998.5
Common stock in treasury, 76,807,653 shares in 2020 and 77,109,722 shares in 2019 (3,366.3) (3,382.4)
Accumulated other comprehensive loss, net of taxes (998.9) (909.0)
Total stockholders’ equity (deficit) 24.5 (196.2)
Total liabilities and stockholders’ equity (deficit) $ 5,828.2 $ 5,765.2