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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 273.1 $ 548.7
Trade receivables, net of allowance for credit losses of $11.3 in 2021 and $11.7 in 2020 627.6 541.0
Income tax receivables 30.6 71.2
Other receivables 86.3 69.5
Inventories, net of inventory reserves of $26.0 in 2021 and $21.1 in 2020 730.7 596.7
Current assets held for sale 0.0 0.3
Prepaid expenses and other current assets 58.4 54.1
Total current assets 1,806.7 1,881.5
Property and equipment, net 1,202.8 1,189.7
Goodwill 2,220.9 2,222.6
Identifiable intangible assets, net 162.1 171.0
Deferred taxes 179.3 187.1
Operating lease right-of-use-assets 70.7 76.1
Other non-current assets 364.1 355.8
Total assets 6,006.6 6,083.8
Current liabilities:    
Short-term borrowings 0.4 7.2
Current portion of long-term debt 22.9 22.3
Current portion of operating lease liabilities 23.7 24.3
Accounts payable 880.7 754.2
Accrued restructuring costs 7.8 12.2
Income tax payable 23.1 19.9
Other current liabilities 447.3 527.3
Total current liabilities 1,405.9 1,367.4
Long-term debt, less current portion 3,711.8 3,731.4
Long-term operating lease liabilities, less current portion 48.8 53.2
Deferred taxes 38.6 31.0
Other non-current liabilities 707.7 728.3
Total liabilities 5,912.8 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: 232,455,721 in 2021 and 231,958,083 in 2020; shares outstanding: 149,888,950 in 2021 and 154,889,772 in 2020 23.2 23.2
Additional paid-in capital 2,103.7 2,093.0
Retained earnings 2,562.8 2,400.7
Common stock in treasury, 82,566,771 shares in 2021 and 77,068,311 shares in 2020 (3,651.1) (3,380.9)
Accumulated other comprehensive loss, net of taxes (944.8) (963.5)
Total stockholders’ equity 93.8 172.5
Total liabilities and stockholders’ equity $ 6,006.6 $ 6,083.8