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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 451.7 $ 155.7
Accounts receivable, less allowances of $4.2 and $2.4 344.5 356.4
Inventories 455.5 417.4
Other current assets 25.0 26.9
Total Current Assets 1,276.7 956.4
Property, Plant and Equipment, Net 568.7 573.0
Equity Investment in Affiliates 10.6 9.7
Trade Names and Other Intangibles, Net 2,697.9 2,750.0
Goodwill 2,078.2 2,079.5
Other Assets 286.9 288.8
Total Assets 6,919.0 6,657.4
Current Liabilities    
Short-term borrowings 65.8 252.9
Accounts payable and accrued expenses 842.3 831.9
Income taxes payable 88.5 7.5
Total Current Liabilities 996.6 1,092.3
Long-term Debt 1,811.4 1,810.2
Deferred Income Taxes 582.2 579.6
Deferred and Other Long-term Liabilities 359.0 315.5
Business Acquisition Liabilities 171.0 192.0
Total Liabilities 3,920.2 3,989.6
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, 2020 and December 31, 2019 292.8 292.8
Additional paid-in capital 302.8 295.5
Retained earnings 4,538.8 4,237.4
Accumulated other comprehensive loss (98.3) (66.7)
Common stock in treasury, at cost: 45,874,148 shares as of June 30, 2020 and 47,439,300 shares as of December 31, 2019 (2,037.3) (2,091.2)
Total Stockholders' Equity 2,998.8 2,667.8
Total Liabilities and Stockholders' Equity $ 6,919.0 $ 6,657.4