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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 168.0 $ 169.0
Trade receivables, less allowance for doubtful accounts of $5.3 and $5.6 million at September 30, 2019 and December 31, 2018, respectively 244.3 259.8
Inventories 230.3 231.2
Income tax receivable 22.5 10.2
Prepaid expenses and other current assets 31.2 33.1
Assets held for sale   0.7
Total current assets 696.3 704.0
Property, plant and equipment, net 351.6 364.4
Intangible assets, net 1,507.4 1,585.7
Goodwill 1,658.7 1,662.3
Deferred income taxes 0.9 4.9
Other non-current assets 40.2 15.9
Operating lease right of use assets 38.6  
Total assets 4,293.7 4,337.2
Current liabilities:    
Accounts payable 149.2 175.8
Accrued payroll 56.1 57.0
Accruals and other current liabilities 86.7 79.6
Income tax payable 8.6 7.5
Current portion of long-term debt 18.7 17.2
Operating lease liabilities 13.9  
Total current liabilities 333.2 337.1
Long-term debt - less current portion 1,602.8 1,690.9
Deferred income taxes 394.6 393.2
Pension liabilities 31.8 32.0
Long-term taxes payable 4.5 5.4
Other long-term liabilities 33.0 30.4
Operating lease liabilities, net of current portion 26.3  
Commitments and Contingencies (Note 18)
Stockholders’ equity:    
Common stock ($0.001 par value per share, 120.0 million shares authorized, 64.5 and 64.2 million shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively) 0.1 0.1
Additional paid-in capital 1,693.3 1,687.1
Retained earnings 289.3 232.6
Accumulated other comprehensive loss (115.2) (71.6)
Total stockholders’ equity 1,867.5 1,848.2
Total liabilities and stockholders’ equity $ 4,293.7 $ 4,337.2