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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 114.7 $ 316.7
Accounts receivable, less allowances of $2.4 and $3.1 384.4 345.3
Inventories 388.8 382.8
Other current assets 20.9 33.4
Total Current Assets 908.8 1,078.2
Property, Plant and Equipment, Net 553.1 598.2
Equity Investment in Affiliates 10.2 8.5
Trade Names and Other Intangibles, Net 2,777.3 2,274.0
Goodwill 2,079.5 1,992.9
Other Assets 281.2 117.4
Total Assets 6,610.1 6,069.2
Current Liabilities    
Short-term borrowings 74.0 1.8
Current portion of long-term debt 299.6 596.5
Accounts payable and accrued expenses 754.4 725.1
Income taxes payable 14.1 2.9
Total Current Liabilities 1,142.1 1,326.3
Long-term Debt 1,809.6 1,508.8
Deferred Income Taxes 578.2 576.4
Deferred and Other Long-term Liabilities 321.9 180.9
Business Acquisition Liabilities 199.0 23.0
Total Liabilities 4,050.8 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 September 30, 2019 and December 31, 2018 292.8 292.8
Additional paid-in capital 293.6 280.8
Retained earnings 4,148.9 3,832.6
Accumulated other comprehensive loss (80.7) (53.6)
Common stock in treasury, at cost: 47,559,052 shares as of September 30, 2019 and 45,969,515 shares as of December 31, 2018 (2,095.3) (1,898.8)
Total Stockholders' Equity 2,559.3 2,453.8
Total Liabilities and Stockholders' Equity $ 6,610.1 $ 6,069.2