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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 379.7 $ 330.3
Trade accounts receivable, net of allowance for doubtful accounts of $17.4 and $12.9 at March 31, 2020 and December 31, 2019, respectively. 1,383.8 1,160.1
Inventories 817.2 796.0
Prepaid expenses and other current assets 206.6 167.2
Total current assets 2,787.3 2,453.6
Property, plant and equipment, net 1,120.7 1,152.4
Goodwill 2,249.0 2,280.8
Intangible assets, net 301.7 320.2
Deferred tax assets 19.2 21.3
Other assets 261.1 266.5
Total assets 6,739.0 6,494.8
Current liabilities:    
Short-term financing 1.1 0.7
Trade accounts payable 1,027.2 895.0
Current portion of long-term debt 26.9 25.0
Accrued compensation 95.9 103.6
Other accrued expenses 439.8 425.1
Total current liabilities 1,590.9 1,449.4
Long-term debt 2,860.8 2,688.8
Pension and other postretirement benefit liabilities 286.6 295.6
Deferred tax liabilities 53.4 56.3
Other long-term liabilities 263.7 271.9
Total liabilities 5,055.4 4,762.0
Stockholders’ equity:    
Preferred stock, 200.0 million shares authorized at $0.01 par value with no shares issued or outstanding as of March 31, 2020 and December 31, 2019 0.0 0.0
Common stock, 2.0 billion shares authorized at $0.01 par value with 168.9 million and 168.7 million shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1.7 1.7
Additional paid-in capital 2,974.0 2,968.9
Accumulated deficit (802.6) (858.5)
Accumulated other comprehensive loss (489.5) (379.3)
Total stockholders’ equity 1,683.6 1,732.8
Total liabilities and stockholders’ equity $ 6,739.0 $ 6,494.8