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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 557.8 $ 855.4
Receivables, less allowance for doubtful accounts of $7.9 at June 30, 2022 and $7.2 at December 31, 2021 425.7 356.4
Inventories 457.4 370.4
Other current assets 110.4 95.8
Total current assets 1,551.3 1,678.0
Property, plant and equipment - net 323.3 327.3
Goodwill 2,238.6 2,167.7
Intangible assets - net 655.0 597.3
Other noncurrent assets 144.6 146.9
Total assets 4,912.8 4,917.2
Current liabilities    
Trade accounts payable 214.4 178.8
Accrued expenses 254.0 259.8
Dividends payable 45.4 41.4
Total current liabilities 513.8 480.0
Long-term borrowings 1,190.9 1,190.3
Deferred income taxes 189.6 196.4
Other noncurrent liabilities 230.5 247.4
Total liabilities 2,124.8 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: 90,075,084 shares at June 30, 2022 and 90,067,996 shares at December 31, 2021 0.9 0.9
Additional paid-in capital 809.1 795.6
Retained earnings 3,313.8 3,126.5
Treasury stock at cost: 14,405,163 shares at June 30, 2022 and 13,872,555 shares at December 31, 2021 (1,165.8) (1,050.3)
Accumulated other comprehensive loss (169.8) (69.6)
Total shareholders’ equity 2,788.2 2,803.1
Noncontrolling interest (0.2) 0.0
Total equity 2,788.0 2,803.1
Total liabilities and equity $ 4,912.8 $ 4,917.2