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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 89.3 $ 278.9
Accounts receivable, less allowances of $2.7 and $2.9 348.6 345.9
Inventories 369.2 330.7
Other current assets 63.3 44.7
Total Current Assets 870.4 1,000.2
Property, Plant and Equipment, Net 593.1 607.7
Equity Investment in Affiliates 9.4 9.3
Trade Names and Other Intangibles, Net 2,311.9 2,320.5
Goodwill 1,992.9 1,958.9
Other Assets 121.7 118.2
Total Assets 5,899.4 6,014.8
Current Liabilities    
Short-term borrowings 110.8 270.9
Current portion of long-term debt 299.5 0.0
Accounts payable and accrued expenses 681.8 659.1
Income taxes payable 8.7 5.0
Total Current Liabilities 1,100.8 935.0
Long-term Debt 1,802.6 2,103.4
Deferred Income Taxes 567.2 561.2
Deferred and Other Long-term Liabilities 207.7 197.2
Total Liabilities 3,678.3 3,796.8
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 June 30, 2018 292.8 292.8
Additional paid-in capital 271.8 264.6
Retained earnings 3,650.6 3,479.0
Accumulated other comprehensive loss (49.3) (36.4)
Common stock in treasury, at cost: 47,815,947 shares in 2018 and 45,225,202 shares in 2017 (1,944.8) (1,782.0)
Total Stockholders' Equity 2,221.1 2,218.0
Total Liabilities and Stockholders' Equity $ 5,899.4 $ 6,014.8