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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 642.5 $ 425.6
Accounts receivable less allowances for discounts and credit losses 521.8 580.4
Inventories 1,021.3 889.5
Other current assets 274.8 135.0
Current assets of discontinued operations 0.0 714.0
TOTAL CURRENT ASSETS 2,460.4 2,744.5
Property, plant and equipment, net of accumulated depreciation 783.7 670.8
Operating lease assets 118.9 130.7
Goodwill [1] 1,640.7 1,538.9
Other intangible assets, net of accumulated amortization 1,000.8 968.1
Other assets 116.4 107.5
Non-current assets of discontinued operations 0.0 1,775.7
TOTAL ASSETS 6,120.9 7,936.2
Current liabilities    
Short-term debt 599.2 400.0
Accounts payable 421.6 561.0
Other current liabilities 523.9 646.4
Current liabilities of discontinued operations 0.0 363.7
TOTAL CURRENT LIABILITIES 1,544.7 1,971.1
Long-term debt 2,074.3 2,309.8
Deferred income taxes 136.9 81.7
Accrued defined benefit plans 79.9 80.9
Operating lease liabilities 95.4 108.8
Other non-current liabilities 102.8 170.2
Non-current liabilities of discontinued operations 0.0 148.9
TOTAL LIABILITIES 4,034.0 4,871.4
Commitments (Note 18) and Contingencies (Note 22)
Equity    
Common stock [2] 1.9 1.9
Paid-in capital 3,069.6 3,018.3
Accumulated other comprehensive income (loss) 37.4 (24.6)
Retained earnings 2,323.8 2,807.9
Treasury stock (3,345.8) (2,738.7)
TOTAL EQUITY 2,086.9 3,064.8
TOTAL LIABILITIES AND EQUITY $ 6,120.9 $ 7,936.2
[1] Net of accumulated impairment losses of $399.5 million in the Outdoors & Security segment.
[2] Common stock, par value $0.01 per share,186.2 million shares and 185.3 million shares issued at December 31, 2022 and 2021, respectively.