CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 187.8	$ 330.0
Accounts receivable, less allowances of $2.1 and $1.0	287.0	276.2
Inventories	258.2	274.0
Other current assets	23.8	25.8
Total Current Assets	756.8	906.0
Property, Plant and Equipment, Net	588.6	609.6
Equity Investment in Affiliates	8.5	8.4
Trade Names and Other Intangibles, Net	1,431.8	1,269.5
Goodwill	1,444.1	1,354.9
Other Assets	124.3	108.5
Total Assets	4,354.1	4,256.9
Current Liabilities
Short-term borrowings	426.8	357.2
Accounts payable and accrued expenses	568.9	508.3
Income taxes payable	6.2	7.2
Total Current Liabilities	1,001.9	872.7
Long-term Debt	693.4	692.8
Deferred Income Taxes	512.2	484.8
Deferred and Other Long-term Liabilities	168.7	183.4
Total Liabilities	2,376.2	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	251.4	230.0
Retained earnings	2,926.0	2,650.0
Accumulated other comprehensive loss	(63.8)	(45.9)
Common stock in treasury, at cost: 38,892,165 shares in 2016 and 32,947,012 shares in 2015	(1,428.5)	(1,103.7)
Total Stockholders' Equity	1,977.9	2,023.2
Total Liabilities and Stockholders’ Equity	$ 4,354.1	$ 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.