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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 127.5 $ 183.1
Accounts receivable, less allowances of $4.6 and $3.7 405.8 398.8
Inventories 541.3 495.4
Other current assets 37.2 35.1
Total Current Assets 1,111.8 1,112.4
Property, Plant and Equipment, Net 611.7 612.8
Equity Investment in Affiliates 9.9 9.1
Trade Names and Other Intangibles, Net 3,079.4 3,110.2
Goodwill 2,229.6 2,229.6
Other Assets 338.5 340.4
Total Assets 7,380.9 7,414.5
Current Liabilities    
Short-term borrowings 282.2 351.4
Accounts payable and accrued expenses 846.4 1,024.5
Income taxes payable 66.7 12.7
Business Acquisition Liabilities 79.0 0.0
Total Current Liabilities 1,274.3 1,388.6
Long-term Debt 1,813.1 1,812.5
Deferred Income Taxes 722.5 707.3
Deferred and Other Long-term Liabilities 339.8 367.7
Business Acquisition Liabilities 20.0 118.0
Total Liabilities 4,169.7 4,394.1
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 March 31, 2021 and December 31, 2020 292.8 292.8
Additional paid-in capital 306.2 274.4
Retained earnings 4,944.8 4,786.0
Accumulated other comprehensive loss (54.6) (77.6)
Common stock in treasury, at cost: 47,693,582 shares as of March 31, 2021 and 47,494,982 shares as of December 31, 2020 (2,278.0) (2,255.2)
Total Stockholders' Equity 3,211.2 3,020.4
Total Liabilities and Stockholders' Equity $ 7,380.9 $ 7,414.5