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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 493.3 $ 414.6
Short-term investments 222.4 109.4
Trade accounts receivable, net of allowance for doubtful accounts of $2.0 and $1.8 at September 30, 2020 and December 31, 2019, respectively 363.9 341.1
Inventories 494.2 462.1
Other current assets 95.9 106.3
Total current assets 1,669.7 1,433.5
Property, plant and equipment, net 267.9 241.9
Right-of-use asset 180.1 64.5
Goodwill 1,062.1 1,058.5
Intangible assets, net 523.3 564.6
Long-term investments 6.3 5.8
Other assets 41.5 47.5
Total assets 3,750.9 3,416.3
Current liabilities:    
Short-term debt 12.0 12.1
Accounts payable 113.4 88.4
Accrued compensation 95.4 100.9
Income taxes payable 18.8 15.4
Lease liability 16.8 20.6
Deferred revenue and customer advances 30.4 21.5
Other current liabilities 77.5 58.8
Total current liabilities 364.3 317.7
Long-term debt, net 816.8 871.7
Non-current deferred taxes 67.2 72.4
Non-current accrued compensation 44.9 43.9
Non-current lease liability 172.2 44.8
Other liabilities 58.7 42.5
Total liabilities 1,524.1 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; 55,135,910 and 54,596,183 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 0.1 0.1
Additional paid-in capital 861.6 864.3
Retained earnings 1,382.7 1,181.2
Accumulated other comprehensive loss (17.6) (22.3)
Total stockholders’ equity 2,226.8 2,023.3
Total liabilities and stockholders’ equity $ 3,750.9 $ 3,416.3