CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 139.5	$ 187.8
Accounts receivable, less allowances of $1.8 and $2.1	305.2	287.0
Inventories	280.1	258.2
Other current assets	29.7	23.8
Total Current Assets	754.5	756.8
Property, Plant and Equipment, Net	578.9	588.6
Equity Investment in Affiliates	8.2	8.5
Trade Names and Other Intangibles, Net	1,538.1	1,431.8
Goodwill	1,481.3	1,444.1
Other Assets	126.8	124.3
Total Assets	4,487.8	4,354.1
Current Liabilities
Short-term borrowings	585.7	426.8
Accounts payable and accrued expenses	535.6	568.9
Income taxes payable	45.5	6.2
Total Current Liabilities	1,166.8	1,001.9
Long-term Debt	692.9	693.4
Deferred Income Taxes	521.0	512.2
Deferred and Other Long-term Liabilities	171.4	168.7
Total Liabilities	2,552.1	2,376.2
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	249.4	251.4
Retained earnings	3,009.1	2,926.0
Accumulated other comprehensive loss	(56.5)	(63.8)
Common stock in treasury, at cost: 40,959,593 shares in 2017 and 38,892,165 shares in 2016	(1,559.1)	(1,428.5)
Total Stockholders' Equity	1,935.7	1,977.9
Total Liabilities and Stockholders’ Equity	$ 4,487.8	$ 4,354.1

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.