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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 430.2 $ 855.4
Receivables - net 442.8 356.4
Inventories 470.9 370.4
Other current assets 55.4 95.8
Total current assets 1,399.3 1,678.0
Property, plant and equipment - net 382.1 327.3
Goodwill 2,638.1 2,167.7
Intangible assets - net 947.8 597.3
Other noncurrent assets 144.6 146.9
Total assets 5,511.9 4,917.2
Current liabilities    
Trade accounts payable 208.9 178.8
Accrued expenses 289.1 259.8
Dividends payable 45.6 41.4
Total current liabilities 543.6 480.0
Long-term borrowings 1,468.7 1,190.3
Deferred income taxes 264.2 196.4
Other noncurrent liabilities 195.8 247.4
Total liabilities 2,472.3 2,114.1
Commitments and contingencies (Note 11)
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: 90,064,988 shares at December 31, 2022 and 90,067,996 shares at December 31, 2021 0.9 0.9
Additional paid-in capital 817.2 795.6
Retained earnings 3,531.7 3,126.5
Treasury stock at cost: 14,451,032 shares at December 31, 2022 and 13,872,555 shares at December 31, 2021 (1,184.3) (1,050.3)
Accumulated other comprehensive loss (126.2) (69.6)
Total shareholders’ equity 3,039.3 2,803.1
Noncontrolling interest 0.3 0.0
Total equity 3,039.6 2,803.1
Total liabilities and equity $ 5,511.9 $ 4,917.2