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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 240.6 $ 183.1
Accounts receivable, less allowances of $5.5 and $3.7 405.5 398.8
Inventories 535.4 495.4
Other current assets 51.9 35.1
Total Current Assets 1,233.4 1,112.4
Property, Plant and Equipment, Net 652.7 612.8
Equity Investment in Affiliates 9.1 9.1
Trade Names and Other Intangibles, Net 3,494.3 3,110.2
Goodwill 2,274.5 2,229.6
Other Assets 332.5 340.4
Total Assets 7,996.5 7,414.5
Current Liabilities    
Short-term borrowings 252.8 351.4
Current portion of long-term debt 699.4 0.0
Accounts payable and accrued expenses 1,119.7 1,024.5
Income taxes payable 3.3 12.7
Total Current Liabilities 2,075.2 1,388.6
Long-term Debt 1,610.7 1,812.5
Deferred Income Taxes 745.1 707.3
Deferred and Other Long-term Liabilities 298.3 367.7
Business Acquisition Liabilities 34.0 118.0
Total Liabilities 4,763.3 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; 292,855,100 shares issued as of December 31, 2021 and 2020 292.8 292.8
Additional paid-in capital 310.3 274.4
Retained earnings 5,366.0 4,786.0
Accumulated other comprehensive loss (68.2) (77.6)
Common stock in treasury, at cost: 50,309,124 shares as of December 31, 2021 and 47,494,982 shares as of December 31, 2020 (2,667.7) (2,255.2)
Total Stockholders' Equity 3,233.2 3,020.4
Total Liabilities and Stockholders’ Equity $ 7,996.5 $ 7,414.5