Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents		$ 444.7	$ 615.8
Receivables, net		1,623.9	1,652.1
Inventories, net		740.9	757.9
Income tax receivable		26.8	34.1
Prepaid expenses		157.0	208.6
Related party receivable		2.8	15.0
Other current assets		6.0	1.9
Total current assets		3,002.1	3,285.4
Property, plant and equipment, net		1,815.7	1,690.1
Investments and other non-current assets		386.4	323.5
Operating lease right-of-use assets		156.8
Goodwill		1,387.9	1,389.9
Intangible assets, net		22.3	32.7
Total assets		6,771.2	6,721.6
Liabilities and equity
Short-term debt	[1]	368.1	620.7
Accounts payable		941.0	978.3
Accrued expenses		816.9	935.4
Related party liabilities		17.4	63.7
Income tax payable		38.8	64.9
Operating lease liabilities, current		37.8
Other current liabilities		190.2	202.5
Total current liabilities		2,410.2	2,865.5
Long-term debt	[1]	1,726.1	1,609.0
Pension liability		240.2	198.2
Operating lease liabilities, non-current		119.4
Other non-current liabilities		152.9	152.1
Total non-current liabilities		2,238.6	1,959.3
Commitments and contingencies
Common stock	[2]	102.8	102.8
Additional paid-in capital		1,329.3	1,329.3
Retained earnings		2,283.5	2,041.8
Accumulated other comprehensive loss	[3]	(448.9)	(423.2)
Treasury stock (15.6 and 15.7 shares, respectively)		(1,157.5)	(1,167.0)
Total controlling interest’s equity		2,109.2	1,883.7
Non-controlling interest		13.2	13.1
Total equity	[4]	2,122.4	1,896.8
Total liabilities and equity		$ 6,771.2	$ 6,721.6

[1] Debt as reported in balance sheet.

[2] Number of shares: 350 million authorized, 102.8 million issued for both years, and 87.2 and 87.1 million outstanding, net of treasury shares, for 2019 and 2018, respectively.

[3] The components of Other Comprehensive Loss are net of any related income tax effects.

[4] See Note 15 for further details – includes tax effects where applicable.