Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 548.7	$ 262.4
Trade receivables, net of allowance for credit losses of $11.7 in 2020 and $8.2 in 2019	541.0	556.5
Income tax receivables	71.2	32.8
Other receivables	69.5	80.3
Inventories, net of inventory reserves of $21.1 in 2020 and $19.6 in 2019	596.7	570.3
Assets held for sale	0.3	2.8
Prepaid expenses and other current assets	54.1	58.9
Total current assets	1,881.5	1,564.0
Property and equipment, net	1,189.7	1,141.9
Goodwill	2,222.6	2,216.9
Identifiable intangible assets, net	171.0	182.1
Deferred taxes	187.1	238.6
Operating lease right-of-use-assets	76.1	90.1
Other non-current assets	355.8	331.6
Total assets	6,083.8	5,765.2
Current liabilities:
Short-term borrowings	7.2	98.9
Current portion of long-term debt	22.3	16.7
Current portion of operating lease liabilities	24.3	26.2
Accounts payable	754.2	738.5
Accrued restructuring costs	12.2	29.5
Income tax payable	19.9	12.3
Other current liabilities	527.3	514.1
Total current liabilities	1,367.4	1,436.2
Long-term debt, less current portion	3,731.4	3,698.6
Long-term operating lease liabilities, less current portion	53.2	65.7
Deferred taxes	31.0	30.7
Other non-current liabilities	728.3	730.2
Total liabilities	5,911.3	5,961.4
Commitments and Contingencies - Note 20
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: 231,958,083 in 2020 and 231,622,535 in 2019; shares outstanding: 154,889,772 in 2020 and 154,512,813 in 2019	23.2	23.2
Additional paid-in capital	2,093.0	2,073.5
Retained earnings	2,400.7	1,998.5
Treasury Stock, Value	(3,380.9)	(3,382.4)
Accumulated other comprehensive loss, net of taxes:
Unrecognized pension items	(172.5)	(146.1)
Cumulative translation adjustment	(721.7)	(728.6)
Unrealized net loss on net investment hedges	(67.5)	(34.5)
Unrealized net (loss) gain on cash flow hedges	(1.8)	0.2
Total accumulated other comprehensive loss, net of taxes	(963.5)	(909.0)
Total stockholders’ equity (deficit)	172.5	(196.2)
Total liabilities and stockholders’ equity (deficit)	$ 6,083.8	$ 5,765.2