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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 326.9 $ 167.3
Trade receivables, less allowance for credit losses of $5.3 and $5.1 million at March 31, 2020 and December 31, 2019, respectively 242.9 243.2
Inventories 229.4 222.5
Income tax receivable 4.6 5.2
Prepaid expenses and other current assets 32.3 29.1
Total current assets 836.1 667.3
Property, plant and equipment, net 343.4 354.4
Goodwill 1,528.3 1,694.9
Intangible assets, net 1,457.7 1,502.4
Deferred income taxes 1.0 3.0
Other non-current assets 9.5 25.1
Operating lease right of use assets 40.2 36.6
Total assets 4,216.2 4,283.7
Current liabilities:    
Accounts payable 154.4 154.7
Accrued payroll 49.4 58.3
Accruals and other current liabilities 85.3 82.0
Income tax payable 18.5 13.2
Current portion of long-term debt 17.2 18.0
Operating lease liabilities 12.8 13.5
Total current liabilities 337.6 339.7
Long-term debt - less current portion 1,658.5 1,563.8
Deferred income taxes 357.4 369.1
Pension liabilities 30.1 30.8
Long-term taxes payable 2.7 4.5
Other long-term liabilities 43.8 28.8
Operating lease liabilities, net of current portion 29.0 24.7
Commitments and Contingencies (Note 16)
Stockholders’ equity:    
Common stock ($0.001 par value per share, 120,000,000 shares authorized, 64,564,526 and 64,222,603 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively) 0.1 0.1
Additional paid-in capital 1,698.1 1,696.7
Retained earnings 187.7 315.4
Accumulated other comprehensive loss (128.8) (89.9)
Total stockholders’ equity 1,757.1 1,922.3
Total liabilities and stockholders’ equity $ 4,216.2 $ 4,283.7