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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 370.0 $ 548.7
Trade receivables, net of allowance for credit losses of $11.4 in 2021 and $11.7 in 2020 584.2 541.0
Income tax receivables 33.5 71.2
Other receivables 72.5 69.5
Inventory, net of reserves 652.3 596.7
Current assets held for sale 0.0 0.3
Prepaid expenses and other current assets 47.0 54.1
Total current assets 1,759.5 1,881.5
Property and equipment, net 1,177.5 1,189.7
Goodwill 2,217.2 2,222.6
Identifiable intangible assets, net 164.2 171.0
Deferred taxes 172.9 187.1
Operating lease right-of-use-assets 70.2 76.1
Other non-current assets 357.2 355.8
Total assets 5,918.7 6,083.8
Current liabilities:    
Short-term borrowings 8.8 7.2
Current portion of long-term debt 22.1 22.3
Current portion of operating lease liabilities 23.8 24.3
Accounts payable 814.0 754.2
Accrued restructuring costs 8.3 12.2
Income tax payable 25.9 19.9
Other current liabilities 423.5 527.3
Total current liabilities 1,326.4 1,367.4
Long-term debt, less current portion 3,706.6 3,731.4
Long-term operating lease liabilities, less current portion 48.3 53.2
Deferred taxes 32.0 31.0
Other non-current liabilities 704.0 728.3
Total liabilities 5,817.3 5,911.3
Commitments and contingencies - Note 17
Stockholders’ equity:    
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2021 and 2020 0.0 0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 232,432,336 in 2021 and 231,958,083 in 2020; shares outstanding: 151,998,585 in 2021 and 154,889,772 in 2020 23.2 23.2
Additional paid-in capital 2,090.8 2,093.0
Retained earnings 2,485.6 2,400.7
Common stock in treasury, 80,433,751 shares in 2021 and 77,068,311 shares in 2020 (3,528.6) (3,380.9)
Accumulated other comprehensive loss, net of taxes (969.6) (963.5)
Total stockholders’ equity 101.4 172.5
Total liabilities and stockholders’ equity $ 5,918.7 $ 6,083.8