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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 733.2 $ 855.4
Receivables, less allowance for doubtful accounts of $7.5 at March 31, 2022 and $7.2 at December 31, 2021 411.2 356.4
Inventories 428.5 370.4
Other current assets 108.4 95.8
Total current assets 1,681.3 1,678.0
Property, plant and equipment - net 325.8 327.3
Goodwill 2,213.5 2,167.7
Intangible assets - net 629.2 597.3
Other noncurrent assets 149.9 146.9
Total assets 4,999.7 4,917.2
Current liabilities    
Trade accounts payable 210.2 178.8
Accrued expenses 258.1 259.8
Dividends payable 0.0 41.4
Total current liabilities 468.3 480.0
Long-term borrowings 1,190.6 1,190.3
Deferred income taxes 196.6 196.4
Other noncurrent liabilities 245.3 247.4
Total liabilities 2,100.8 2,114.1
Commitments and contingencies
Preferred stock:    
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None 0.0 0.0
Common stock:    
Authorized: 150,000,000 shares, $.01 per share par value, Issued: 90,070,399 shares at March 31, 2022 and 90,067,996 shares at December 31, 2021 0.9 0.9
Additional paid-in capital 802.2 795.6
Retained earnings 3,266.5 3,126.5
Treasury stock at cost: 13,972,023 shares at March 31, 2022 and 13,872,555 shares at December 31, 2021 (1,082.1) (1,050.3)
Accumulated other comprehensive loss (88.5) (69.6)
Total shareholders’ equity 2,899.0 2,803.1
Noncontrolling interest (0.1) 0.0
Total equity 2,898.9 2,803.1
Total liabilities and equity $ 4,999.7 $ 4,917.2