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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 153.6 $ 169.0
Trade receivables, less allowance for doubtful accounts of $5.5 and $5.6 million at June 30, 2019 and December 31, 2018, respectively 269.6 259.8
Inventories 237.5 231.2
Income tax receivable 15.0 10.2
Prepaid expenses and other current assets 34.6 33.1
Assets held for sale   0.7
Total current assets 710.3 704.0
Property, plant and equipment, net 360.8 364.4
Intangible assets, net 1,546.5 1,585.7
Goodwill 1,686.1 1,662.3
Deferred income taxes 0.9 4.9
Other non-current assets 12.8 15.9
Operating lease right of use assets 40.4  
Total assets 4,357.8 4,337.2
Current liabilities:    
Accounts payable 156.5 175.8
Accrued payroll 54.5 57.0
Accruals and other current liabilities 80.5 79.6
Income tax payable 9.4 7.5
Current portion of long-term debt 19.2 17.2
Operating lease liabilities 14.3  
Total current liabilities 334.4 337.1
Long-term debt - less current portion 1,642.5 1,690.9
Deferred income taxes 401.2 393.2
Pension liabilities 32.9 32.0
Long-term taxes payable 4.5 5.4
Other long-term liabilities 30.2 30.4
Operating lease liabilities, net of current portion 27.7  
Commitments and Contingencies (Note 18)
Stockholders’ equity:    
Common stock ($0.001 par value per share, 120.0 million shares authorized, 64.3 and 64.2 million shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively) 0.1 0.1
Additional paid-in capital 1,691.8 1,687.1
Retained earnings 274.5 232.6
Accumulated other comprehensive loss (82.0) (71.6)
Total stockholders’ equity 1,884.4 1,848.2
Total liabilities and stockholders’ equity $ 4,357.8 $ 4,337.2