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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 615.8 $ 959.5
Receivables, net 1,652.1 1,696.7
Inventories, net 757.9 704.3
Income tax receivables 34.1 41.2
Prepaid expenses 208.6 153.0
Other current assets 1.9 2.8
Related party receivables 15.0  
Current assets, discontinued operations   647.2
Total current assets 3,285.4 4,204.7
Property, plant and equipment, net 1,690.1 1,608.9
Investments and other non-current assets 323.5 341.0
Goodwill 1,389.9 1,397.0
Intangible assets, net 32.7 42.6
Non-current assets, discontinued operations   955.7
Total assets 6,721.6 8,549.9
Liabilities and equity    
Short-term debt [1] 620.7 19.7
Accounts payable 978.3 957.3
Accrued expenses 935.4 829.5
Income tax payable 64.9 81.9
Other current liabilities 202.5 198.0
Related party liabilities 63.7  
Current liabilities, discontinued operations   568.2
Total current liabilities 2,865.5 2,654.6
Long-term debt [1] 1,609.0 1,310.7
Pension liability 198.2 206.8
Other non-current liabilities 152.1 144.3
Non-current liabilities, discontinued operations   64.1
Total non-current liabilities 1,959.3 1,725.9
Commitments and contingencies
Common stock [2] 102.8 102.8
Additional paid-in capital 1,329.3 1,329.3
Retained earnings 2,041.8 4,079.2
Accumulated other comprehensive loss [3] (423.2) (287.5)
Treasury stock (15.7 and 15.8 shares, respectively) (1,167.0) (1,188.7)
Total controlling interest’s equity 1,883.7 4,035.1
Non-controlling interest 13.1 134.3
Total equity [4] 1,896.8 4,169.4
Total liabilities and equity $ 6,721.6 $ 8,549.9
[1] Debt as reported in balance sheet.
[2] Number of shares: 350 million authorized, 102.8 million issued for both years, and 87.1 and 87.0 million outstanding, net of treasury shares, for 2018 and 2017, respectively.
[3] The components of Other Comprehensive Income (Loss) are net of any related income tax effects.
[4] See Note 15 for further details – includes tax effects where applicable.