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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 608.3 $ 414.6
Short-term investments 227.7 109.4
Trade accounts receivable, net of allowance for doubtful accounts of $2.0 and $1.8 at December 31, 2020 and 2019, respectively 392.7 341.1
Inventories 501.4 462.1
Other current assets 74.3 106.3
Total current assets 1,804.4 1,433.5
Property, plant and equipment, net 284.3 241.9
Right-of-use assets 184.4 64.5
Goodwill 1,066.4 1,058.5
Intangible assets, net 512.2 564.6
Long-term investments 6.5 5.8
Other assets 45.6 47.5
Total assets 3,903.8 3,416.3
Current liabilities:    
Short-term debt 14.5 12.1
Accounts payable 110.6 88.4
Accrued compensation 117.9 100.9
Income taxes payable 18.3 15.4
Lease liability 15.8 20.6
Deferred revenue and customer advances 31.2 21.5
Other current liabilities 65.6 58.8
Total current liabilities 373.9 317.7
Long-term debt, net 815.0 871.7
Non-current deferred taxes 59.2 72.4
Non-current accrued compensation 49.5 43.9
Non-current lease liability 187.4 44.8
Other non-current liabilities 57.9 42.5
Total liabilities 1,542.9 1,393.0
Commitments and contingencies (Note 23)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized; none issued and outstanding
Common stock, no par value, 200,000,000 shares authorized; 55,196,501 and 54,596,183 shares issued and outstanding at December 31, 2020 and 2019, respectively 0.1 0.1
Additional paid-in capital 873.2 864.3
Retained earnings 1,487.3 1,181.2
Accumulated other comprehensive income (loss) 0.3 (22.3)
Total stockholders’ equity 2,360.9 2,023.3
Total liabilities and stockholders' equity $ 3,903.8 $ 3,416.3