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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 573.3 $ 270.3
Accounts receivable, less allowances of $7.6 and $3.5 460.9 422.0
Inventories 671.7 646.6
Other current assets 38.7 57.0
Total Current Assets 1,744.6 1,395.9
Property, Plant and Equipment, Net 862.4 761.1
Equity Investment in Affiliates 13.6 12.7
Trade Names and Other Intangibles, Net 3,338.2 3,431.6
Goodwill 2,431.5 2,426.8
Other Assets 311.9 317.5
Total Assets 8,702.2 8,345.6
Current Liabilities    
Short-term borrowings 3.8 74.0
Accounts payable 691.8 666.7
Accrued expenses and other liabilities 485.9 436.1
Income taxes payable 6.9 7.0
Total Current Liabilities 1,188.4 1,183.8
Long-term Debt 2,401.5 2,599.5
Deferred Income Taxes 753.1 757.0
Deferred and Other Long-term Liabilities 270.2 273.4
Business Acquisition Liabilities 38.5 42.0
Total Liabilities 4,651.7 4,855.7
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock, $1.00 par value, Authorized 2,500,000 shares; none issued 0.0 0.0
Common Stock, $1.00 par value, Authorized 600,000,000 shares and 292,855,100 shares issued as of September 30, 2023 and December 31, 2022 293.7 293.7
Additional paid-in capital 441.4 366.2
Retained earnings 5,925.9 5,524.6
Accumulated other comprehensive loss (29.4) (29.3)
Common stock in treasury, at cost: 47,369,452 shares as of September 30, 2023 and 49,814,106 shares as of December 31, 2022 (2,581.1) (2,665.3)
Total Stockholders' Equity 4,050.5 3,489.9
Total Liabilities and Stockholders' Equity $ 8,702.2 $ 8,345.6