Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 456.1	$ 561.0
Trade receivables, net of allowance for credit losses of $11.5 in 2022 and $11.1 in 2021	592.4	620.3
Income tax receivables	40.3	28.8
Other receivables	104.2	83.7
Inventories, net of inventory reserves of $28.9 in 2022 and $24.1 in 2021 (Note 7)	866.3	725.7
Prepaid expenses and other current assets	57.5	50.1
Total current assets	2,116.8	2,069.6
Property and equipment, net (Note 8)	1,275.9	1,232.0
Goodwill (Note 9)	2,174.5	2,189.4
Identifiable intangible assets, net (Note 9)	138.4	152.6
Deferred taxes	141.5	138.4
Non-current assets held for sale	0.0	1.5
Operating lease right-of-use-assets (Note 4)	70.2	63.8
Other non-current assets	297.4	382.0
Total assets	6,214.7	6,229.3
Current liabilities:
Short-term borrowings (Note 14)	6.6	1.3
Current portion of long-term debt (Note 14)	434.0	487.2
Current portion of operating lease liabilities (Note 4)	24.0	21.2
Accounts payable	865.6	959.9
Accrued restructuring costs (Note 12)	14.7	10.2
Income tax payable	19.9	22.7
Other current liabilities (Note 13)	717.0	504.8
Total current liabilities	2,081.8	2,007.3
Long-term debt, less current portion (Note 14)	3,237.9	3,219.6
Long-term operating lease liabilities, less current portion (Note 4)	49.6	44.5
Deferred taxes	33.4	46.7
Non-current liabilities held for sale	0.0	0.9
Other non-current liabilities (Note 13)	467.9	661.6
Total liabilities	5,870.6	5,980.6
Commitments and Contingencies (Note 20)
Stockholders’ equity:
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2022 and 2021	0.0	0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 233,233,456 in 2022 and 232,483,281 in 2021; shares outstanding: 144,672,113 in 2022 and 148,099,157 in 2021 (Note 21)	23.3	23.2
Additional paid-in capital	2,155.3	2,123.4
Retained earnings	3,163.4	2,790.7
Common stock in treasury, 88,561,343 shares in 2022 and 84,384,124 shares in 2021 (Note 21)	(4,019.1)	(3,754.7)
Accumulated other comprehensive loss, net of taxes:
Unrecognized pension items	(126.3)	(137.5)
Cumulative translation adjustment	(837.5)	(760.5)
Unrealized net loss on net investment hedges	(18.3)	(38.3)
Unrealized net gain on cash flow hedges	3.3	2.4
Total accumulated other comprehensive loss, net of taxes (Note 22)	(978.8)	(933.9)
Total stockholders’ equity	344.1	248.7
Total liabilities and stockholders’ equity	$ 6,214.7	$ 6,229.3