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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 547.4 $ 330.3
Trade accounts receivable, net of allowance for doubtful accounts of $20.6 and $12.9 at June 30, 2020 and December 31, 2019, respectively. 1,250.6 1,160.1
Inventories 755.1 796.0
Prepaid expenses and other current assets 175.0 167.2
Total current assets 2,728.1 2,453.6
Property, plant and equipment, net 1,101.5 1,152.4
Goodwill 2,263.2 2,280.8
Intangible assets, net 276.0 320.2
Deferred tax assets 21.6 21.3
Other assets 258.8 266.5
Total assets 6,649.2 6,494.8
Current liabilities:    
Short-term financing 0.9 0.7
Trade accounts payable 906.0 895.0
Current portion of long-term debt 27.0 25.0
Accrued compensation 81.1 103.6
Other accrued expenses 425.4 425.1
Total current liabilities 1,440.4 1,449.4
Long-term debt 2,902.1 2,688.8
Pension and other postretirement benefit liabilities 286.2 295.6
Deferred tax liabilities 51.8 56.3
Other long-term liabilities 265.5 271.9
Total liabilities 4,946.0 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 June 30, 2020 and December 31, 2019 0.0 0.0
Common stock, 2.0 billion shares authorized at $0.01 par value with 169.0 million and 168.7 million shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 1.7 1.7
Additional paid-in capital 2,977.3 2,968.9
Accumulated deficit (800.8) (858.5)
Accumulated other comprehensive loss (475.0) (379.3)
Total stockholders’ equity 1,703.2 1,732.8
Total liabilities and stockholders’ equity $ 6,649.2 $ 6,494.8