CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 232.1	$ 330.0
Accounts receivable, less allowances of $1.8 and $1.0	265.3	276.2
Inventories	285.7	274.0
Other current assets	21.4	25.8
Total Current Assets	804.5	906.0
Property, Plant and Equipment, Net	592.7	609.6
Equity Investment in Affiliates	8.0	8.4
Trade Names and Other Intangibles, Net	1,353.2	1,269.5
Goodwill	1,406.1	1,354.9
Other Assets	118.2	108.5
Total Assets	4,282.7	4,256.9
Current Liabilities
Short-term borrowings	230.6	357.2
Accounts payable and accrued expenses	545.1	508.3
Income taxes payable	10.1	7.2
Total Current Liabilities	785.8	872.7
Long-term Debt	699.1	692.8
Deferred Income Taxes	507.6	484.8
Deferred and Other Long-term Liabilities	145.0	158.3
Pension, Postretirement and Postemployment Benefits	25.2	25.1
Total Liabilities	2,162.7	2,233.7
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 300,000,000 shares; 292,855,100 shares issued	292.8	292.8
Additional paid-in capital	248.8	230.0
Retained earnings	2,861.2	2,650.0
Accumulated other comprehensive loss	(51.8)	(45.9)
Common stock in treasury, at cost: 34,496,480 shares in 2016 and 32,947,012 shares in 2015	(1,231.0)	(1,103.7)
Total Stockholders' Equity	2,120.0	2,023.2
Total Liabilities and Stockholders’ Equity	$ 4,282.7	$ 4,256.9

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.