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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 581.8 $ 456.2
Accounts receivable, net of allowance for doubtful accounts (June 30, 2020: $5.7; December 31, 2019: $5.3) 432.2 570.8
Inventories 313.3 438.2
Other current assets 12.2 25.9
Total current assets 1,339.5 1,491.1
Investments in unconsolidated affiliates 212.3 188.1
Property, plant and equipment, net of accumulated depreciation (June 30, 2020: $738.6; December 31, 2019: $665.7) 573.5 625.8
Other assets    
Goodwill 67.7 67.7
Other intangible assets, net 184.4 191.5
Right of use assets - operating 75.3 71.4
Deferred income tax assets 82.5 67.5
Deferred charges and other assets 54.0 55.7
Total other assets 463.9 453.8
Total assets 2,589.2 2,758.8
Current liabilities    
Short-term borrowings and current portion of long-term debt 11.7 11.1
Accounts payable 213.6 343.0
Current lease liabilities - operating 15.2 14.1
Income taxes payable 59.0 5.0
Accrued expenses and other current liabilities 136.1 154.4
Total current liabilities 435.6 527.6
Noncurrent liabilities    
Long-term debt, net of unamortized deferred financing fees 1,261.3 1,162.6
Noncurrent lease liabilities - operating 63.2 58.0
Deferred income tax liabilities 47.9 41.5
Other noncurrent obligations 322.4 300.2
Total noncurrent liabilities 1,694.8 1,562.3
Commitments and contingencies (Note 15)
Shareholders' equity    
Ordinary shares, $0.01 nominal value, 50,000.0 shares authorized (June 30, 2020: 48.8 shares issued and 38.3 shares outstanding; December 31, 2019: 48.8 shares issued and 39.0 shares outstanding) 0.5 0.5
Additional paid-in-capital 576.3 574.7
Treasury shares, at cost (June 30, 2020: 10.5 shares; December 31, 2019: 9.8 shares) (547.3) (524.9)
Retained earnings 585.4 781.0
Accumulated other comprehensive loss (156.1) (162.4)
Total shareholders' equity 458.8 668.9
Total liabilities and shareholders' equity $ 2,589.2 $ 2,758.8