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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 316.7 $ 278.9
Accounts receivable, less allowances of $3.1 and $2.9 345.3 345.9
Inventories 382.8 330.7
Other current assets 33.4 44.7
Total Current Assets 1,078.2 1,000.2
Property, Plant and Equipment, Net 598.2 607.7
Equity Investment in Affiliates 8.5 9.3
Trade Names and Other Intangibles, Net 2,274.0 2,320.5
Goodwill 1,992.9 1,958.9
Other Assets 117.4 118.2
Total Assets 6,069.2 6,014.8
Current Liabilities    
Short-term borrowings 1.8 270.9
Current portion of long-term debt 596.5 0.0
Accounts payable and accrued expenses 725.1 659.1
Income taxes payable 2.9 5.0
Total Current Liabilities 1,326.3 935.0
Long-term Debt 1,508.8 2,103.4
Deferred Income Taxes 576.4 561.2
Deferred and Other Long-term Liabilities 203.9 197.2
Total Liabilities 3,615.4 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; 292,855,100 shares issued as of December 31, 2018 and 2017 292.8 292.8
Additional paid-in capital 280.8 264.6
Retained earnings 3,832.6 3,479.0
Accumulated other comprehensive loss (53.6) (36.4)
Common stock in treasury, at cost: 45,969,515 shares as of December 31, 2018 and 45,225,202 shares as of December 31, 2017 (1,898.8) (1,782.0)
Total Stockholders' Equity 2,453.8 2,218.0
Total Liabilities and Stockholders’ Equity $ 6,069.2 $ 6,014.8