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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 134.0 $ 385.3
Receivables, net 560.0 511.6
Inventories 428.0 377.0
Prepaid expenses 25.2 24.3
Other current assets 44.0 57.0
Total current assets 1,191.2 1,355.2
Property, plant, and equipment, net 660.9 632.2
Other assets:    
Goodwill, net 1,176.9 1,081.2
Other intangible assets, net 1,018.9 872.2
Other long-term assets 22.8 25.0
Total other assets 2,218.6 1,978.4
TOTAL ASSETS 4,070.7 3,965.8
Current liabilities:    
Accounts payable 291.3 243.6
Accrued expenses 188.4 246.7
Deferred revenue 28.6 23.2
Total current liabilities 508.3 513.5
Long-term liabilities:    
Long-term debt 596.5 596.4
Deferred revenue 174.5 172.0
Other long-term liabilities 273.2 217.0
Total long-term liabilities 1,044.2 985.4
Commitments and contingencies (See Note 11)
Shareholders' equity:    
Preferred stock, $1 par value per share (authorized and unissued 5,000,000 shares) 0.0 0.0
Common stock, $1 par value per share (authorized 200,000,000 shares; issued 78,661,248 shares; outstanding 64,368,750 and 64,257,182 shares, respectively) 78.7 78.7
Additional paid-in capital 338.5 335.3
Deferred compensation equity 11.9 10.3
Treasury shares, at cost (14,067,571 and 14,178,801 shares, respectively) (386.9) (382.6)
Accumulated other comprehensive loss (110.5) (122.2)
Retained earnings 2,586.5 2,547.4
Total shareholders' equity 2,518.2 2,466.9
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,070.7 $ 3,965.8