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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 890.7 $ 905.0
Restricted cash 179.1 201.5
Accounts receivable, less allowances of $4,400 and $7,200, respectively 450.0 477.3
Inventories 497.2 483.0
Other current assets 283.8 249.6
Total current assets 2,300.8 2,316.4
Property, plant and equipment, at cost 865.0 847.1
Less accumulated depreciation and amortization 370.6 357.6
Net property, plant and equipment 494.4 489.5
Goodwill 1,261.0 1,260.5
Core and developed technologies, net 662.6 686.4
Other intangible assets, net 321.5 323.6
Deferred income taxes 38.7 64.4
Other assets 165.6 165.3
Total assets 5,244.6 5,306.1
Current liabilities    
Short-term borrowings and current maturities of long-term debt 609.3 0.0
Accounts payable 102.0 96.0
Accrued expenses 715.0 809.5
Accrued compensation and benefits 118.1 186.1
Income taxes payable 15.3 17.3
Total current liabilities 1,559.7 1,108.9
Long-term debt 1,143.0 1,641.7
Other long-term liabilities 841.6 861.5
Deferred income taxes 28.5 18.9
Commitments and contingencies
Shareholders' investment:    
Preferred stock, $1 par value, authorized 5,000,000 shares; none issued
Common stock, $0.25 par value, authorized 600,000,000 shares; issued and outstanding 72,417,180 shares at March 31, 2017 and 72,899,251 shares at December 31, 2016 18.1 18.2
Capital in excess of par value 2,389.3 2,346.8
Accumulated deficit (513.5) (454.4)
Accumulated other comprehensive loss (222.1) (235.5)
Total shareholders' investment 1,671.8 1,675.1
Total liabilities and shareholders' investment $ 5,244.6 $ 5,306.1