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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 262.9 $ 323.0
Accounts receivable less allowances for discounts and doubtful accounts 571.7 555.3
Inventories 678.9 [1] 580.8
Other current assets 172.6 142.6
TOTAL CURRENT ASSETS 1,686.1 1,601.7
Property, plant and equipment, net of accumulated depreciation 813.4 [1] 740.0
Goodwill [2] 2,080.3 1,912.0
Other intangible assets, net of accumulated amortization 1,246.8 1,162.4
Other assets 138.0 95.3
TOTAL ASSETS 5,964.6 5,511.4
Current liabilities    
Short-term debt 525.0  
Accounts payable 459.0 428.8
Other current liabilities 508.1 [1] 478.0
TOTAL CURRENT LIABILITIES 1,492.1 906.8
Long-term debt 1,809.0 1,507.6
Deferred income taxes 162.6 166.8
Accrued defined benefit plans 163.3 175.9
Other non-current liabilities 157.6 153.2
TOTAL LIABILITIES 3,784.6 2,910.3
Commitments (Note 18) and Contingencies (Note 23)
Equity    
Common stock [3] 1.8 1.7
Paid-in capital 2,766.0 2,724.9
Accumulated other comprehensive loss (67.0) (39.2)
Retained earnings 1,448.1 1,174.2
Treasury stock (1,970.7) (1,262.1)
TOTAL FORTUNE BRANDS EQUITY 2,178.2 2,599.5
Noncontrolling interests 1.8 1.6
TOTAL EQUITY 2,180.0 2,601.1
TOTAL LIABILITIES AND EQUITY $ 5,964.6 $ 5,511.4
[1] 2018 includes the impact of acquiring Fiberon. See Note 4 for additional information.
[2] Net of accumulated impairment losses of $399.5 million in the Doors & Security segment.
[3] Common stock, par value $0.01 per share, 180.6 million shares and 179.8 million shares issued at December 31, 2018 and 2017, respectively.