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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 442.0 $ 414.6
Short-term investments 61.4 109.4
Trade accounts receivable, net of allowance for doubtful accounts of $1.9 and $1.8 at March 31, 2020 and December 31, 2019, respectively 381.0 341.1
Inventories 474.2 462.1
Other current assets 98.0 106.3
Total current assets 1,456.6 1,433.5
Property, plant and equipment, net 238.2 241.9
Right-of-use asset 127.1 64.5
Goodwill 1,056.4 1,058.5
Intangible assets, net 547.7 564.6
Long-term investments 6.0 5.8
Other assets 42.9 47.5
Total assets 3,474.9 3,416.3
Current liabilities:    
Short-term debt 14.3 12.1
Accounts payable 110.7 88.4
Accrued compensation 82.8 100.9
Income taxes payable 14.7 15.4
Lease liability 18.2 20.6
Deferred revenue and customer advances 21.9 21.5
Other current liabilities 59.0 58.8
Total current liabilities 321.6 317.7
Long-term debt, net 820.4 871.7
Non-current deferred taxes 71.6 72.4
Non-current accrued compensation 42.3 43.9
Non-current lease liability 111.6 44.8
Other non-current liabilities 54.9 42.5
Total liabilities 1,422.4 1,393.0
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred Stock, $0.01 par value per share, 2,000,000 shares authorized; none issued and outstanding
Common Stock, no par value, 200,000,000 shares authorized; 54,872,983 and 54,596,183 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0.1 0.1
Additional paid-in capital 852.4 864.3
Retained earnings 1,239.3 1,181.2
Accumulated other comprehensive loss (39.3) (22.3)
Total stockholders’ equity 2,052.5 2,023.3
Total liabilities and stockholders’ equity $ 3,474.9 $ 3,416.3