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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 534.9 $ 452.3
Accounts receivable, net of allowance for doubtful accounts (June 30, 2019: $5.1; December 31, 2018: $6.1) 619.8 648.1
Inventories 458.5 510.4
Other current assets 25.3 20.5
Total current assets 1,638.5 1,631.3
Investments in unconsolidated affiliates 199.1 179.1
Property, plant and equipment, net of accumulated depreciation (June 30, 2019: $632.7; December 31, 2018: $590.6) 574.3 592.1
Other assets    
Goodwill 68.7 69.0
Other intangible assets, net 185.2 191.1
Deferred income tax assets 29.3 26.7
Deferred charges and other assets 38.3 37.5
Right of use assets - operating 70.8  
Total other assets 392.3 324.3
Total assets 2,804.2 2,726.8
Current liabilities    
Short-term borrowings and current portion of long-term debt 8.7 7.0
Accounts payable 394.9 354.2
Income taxes payable 4.5 16.0
Accrued expenses and other current liabilities 155.5 159.8
Current lease liabilities - operating 15.5  
Total current liabilities 579.1 537.0
Noncurrent liabilities    
Long-term debt, net of unamortized deferred financing fees 1,160.5 1,160.8
Deferred income tax liabilities 49.2 45.4
Other noncurrent obligations 214.7 214.9
Noncurrent lease liabilities - operating 55.6  
Total noncurrent liabilities 1,480.0 1,421.1
Commitments and contingencies (Note 11)
Shareholders' equity    
Ordinary shares, $0.01 nominal value, 50,000.0 shares authorized (June 30, 2019: 48.8 shares issued and 40.6 shares outstanding; December 31, 2018: 48.8 shares issued and 41.6 shares outstanding) 0.5 0.5
Additional paid-in-capital 571.2 575.4
Treasury shares, at cost (June 30, 2019: 8.2 shares; December 31, 2018: 7.2 shares) (465.1) (418.1)
Retained earnings 784.1 753.2
Accumulated other comprehensive loss (145.6) (142.3)
Total shareholders' equity 745.1 768.7
Total liabilities and shareholders' equity $ 2,804.2 $ 2,726.8