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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 393.7 $ 548.7
Trade receivables, net of allowance for credit losses of $11.2 in 2021 and $11.7 in 2020 638.6 541.0
Income tax receivables 31.4 71.2
Other receivables 96.7 69.5
Inventories, net of inventory reserves of $26.1 in 2021 and $21.1 in 2020 741.0 596.7
Current assets held for sale 3.3 0.3
Prepaid expenses and other current assets 66.2 54.1
Total current assets 1,970.9 1,881.5
Property and equipment, net 1,208.8 1,189.7
Goodwill 2,213.3 2,222.6
Identifiable intangible assets, net 157.4 171.0
Deferred taxes 172.1 187.1
Non-current assets held for sale 0.3 0.0
Operating lease right-of-use-assets 68.4 76.1
Other non-current assets 368.6 355.8
Total assets 6,159.8 6,083.8
Current liabilities:    
Short-term borrowings 0.4 7.2
Current portion of long-term debt 487.8 22.3
Current portion of operating lease liabilities 23.0 24.3
Accounts payable 918.3 754.2
Current liabilities held for sale 0.5 0.0
Accrued restructuring costs 7.6 12.2
Income tax payable 24.2 19.9
Other current liabilities 463.6 527.3
Total current liabilities 1,925.4 1,367.4
Long-term debt, less current portion 3,315.4 3,731.4
Long-term operating lease liabilities, less current portion 47.7 53.2
Deferred taxes 39.2 31.0
Other non-current liabilities 704.4 728.3
Total liabilities 6,032.1 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: 232,463,926 in 2021 and 231,958,083 in 2020; shares outstanding: 149,370,097 in 2021 and 154,889,772 in 2020 23.2 23.2
Additional paid-in capital 2,113.0 2,093.0
Retained earnings 2,640.1 2,400.7
Common stock in treasury, 83,093,829 shares in 2021 and 77,068,311 shares in 2020 (3,681.0) (3,380.9)
Accumulated other comprehensive loss, net of taxes (967.6) (963.5)
Total stockholders’ equity 127.7 172.5
Total liabilities and stockholders’ equity $ 6,159.8 $ 6,083.8