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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 616.3 $ 534.3
Receivables - net 437.9 427.8
Inventories - net 426.0 420.8
Other current assets 74.3 63.4
Total current assets 1,554.5 1,446.3
Property, plant and equipment - net of accumulated depreciation of $556.1 and $545.7, respectively 428.2 430.3
Goodwill 2,803.0 2,838.3
Intangible assets - net 969.1 1,011.8
Other noncurrent assets 134.6 138.5
Total assets 5,889.4 5,865.2
Current liabilities    
Trade accounts payable 185.8 179.7
Accrued expenses 274.1 271.5
Current portion of long-term borrowings 0.7 0.6
Dividends payable 0.0 48.5
Total current liabilities 460.6 500.3
Long-term borrowings - net 1,322.9 1,325.1
Deferred income taxes 286.0 291.9
Other noncurrent liabilities 201.6 206.7
Total liabilities 2,271.1 2,324.0
Commitments and contingencies (Note 14)
Preferred stock:    
Authorized: 5.0 million 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: 90.1 million shares at March 31, 2024 and 90.1 million shares at December 31, 2023 0.9 0.9
Treasury stock at cost: 14.2 million shares at March 31, 2024 and 14.3 million shares at December 31, 2023 (1,179.3) (1,187.0)
Additional paid-in capital 851.5 839.0
Retained earnings 4,055.7 3,934.3
Accumulated other comprehensive loss (110.2) (45.8)
Total shareholders’ equity 3,618.6 3,541.4
Noncontrolling interest (0.3) (0.2)
Total equity 3,618.3 3,541.2
Total liabilities and equity $ 5,889.4 $ 5,865.2