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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 97.9 $ 316.7
Accounts receivable, less allowances of $3.0 and $3.1 383.7 345.3
Inventories 401.5 382.8
Other current assets 42.8 33.4
Total Current Assets 925.9 1,078.2
Property, Plant and Equipment, Net 559.0 598.2
Equity Investment in Affiliates 10.3 8.5
Trade Names and Other Intangibles, Net 2,803.8 2,274.0
Goodwill 2,079.5 1,992.9
Other Assets 284.1 117.4
Total Assets 6,662.6 6,069.2
Current Liabilities    
Short-term borrowings 111.6 1.8
Current portion of long-term debt 299.0 596.5
Accounts payable and accrued expenses 769.7 725.1
Income taxes payable 4.4 2.9
Total Current Liabilities 1,184.7 1,326.3
Long-term Debt 1,809.0 1,508.8
Deferred Income Taxes 580.6 576.4
Deferred and Other Long-term Liabilities 296.5 180.9
Business Acquisition Liabilities 187.0 23.0
Total Liabilities 4,057.8 3,615.4
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, 2019 and December 31, 2018 292.8 292.8
Additional paid-in capital 288.3 280.8
Retained earnings 4,047.8 3,832.6
Accumulated other comprehensive loss (68.4) (53.6)
Common stock in treasury, at cost: 45,894,992 shares as of June 30, 2019 and 45,969,515 shares as of December 31, 2018 (1,955.7) (1,898.8)
Total Stockholders' Equity 2,604.8 2,453.8
Total Liabilities and Stockholders' Equity $ 6,662.6 $ 6,069.2