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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 273.7 $ 330.3
Trade accounts receivable, net of allowance for doubtful accounts of $24.6 and $12.9 at September 30, 2020 and December 31, 2019, respectively. 1,276.8 1,160.1
Inventories 696.3 796.0
Prepaid expenses and other current assets 171.8 167.2
Total current assets 2,418.6 2,453.6
Property, plant and equipment, net 1,085.2 1,152.4
Goodwill 2,267.3 2,280.8
Intangible assets, net 263.3 320.2
Deferred tax assets 20.9 21.3
Other assets 252.0 266.5
Total assets 6,307.3 6,494.8
Current liabilities:    
Short-term financing 0.4 0.7
Trade accounts payable 761.8 895.0
Current portion of long-term debt 27.6 25.0
Accrued compensation 86.7 103.6
Other accrued expenses 393.2 425.1
Total current liabilities 1,269.7 1,449.4
Long-term debt 2,660.4 2,688.8
Pension and other postretirement benefit liabilities 279.8 295.6
Deferred tax liabilities 61.4 56.3
Other long-term liabilities 285.0 271.9
Total liabilities 4,556.3 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 September 30, 2020 and December 31, 2019 0.0 0.0
Common stock, 2.0 billion shares authorized at $0.01 par value with 169.1 million and 168.7 million shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 1.7 1.7
Additional paid-in capital 2,979.3 2,968.9
Accumulated deficit (771.9) (858.5)
Accumulated other comprehensive loss (458.1) (379.3)
Total stockholders’ equity 1,751.0 1,732.8
Total liabilities and stockholders’ equity $ 6,307.3 $ 6,494.8