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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 359.4 $ 289.3
Accounts receivable, net of allowance for doubtful accounts of $10.3 and $12.6 at December 31, 2024 and 2023, respectively 439.6 461.8
Inventories 246.2 298.9
Prepaid expenses 22.7 32.5
Other current assets 136.9 115.0
Current assets held for sale 65.2 0.0
Total current assets 1,270.0 1,197.5
Property, plant and equipment, net 276.8 296.9
Goodwill 2,132.0 2,336.7
Intangible assets, net 732.0 879.3
Deferred income tax assets 133.3 120.5
Other assets 140.9 143.2
Non-current assets held for sale 188.9 0.0
Total assets 4,873.9 4,974.1
Liabilities and stockholders' equity    
Accounts payable 121.3 140.6
Current installments of long-term debt 10.4 11.5
Accrued expenses and other current liabilities 229.3 217.3
Current liabilities held for sale 18.7 0.0
Total current liabilities 379.7 369.4
Debt 1,813.6 1,921.0
Pension and post-retirement benefits 22.2 28.1
Deferred income tax liabilities 93.9 108.9
Other liabilities 152.6 202.4
Non-current liabilities held for sale 13.5 0.0
Total liabilities 2,475.5 2,629.8
Commitments and contingencies (Note $18)
Stockholders' equity    
Common stock, 400.0 shares authorized (2024: 267.2 shares issued; 2023: 266.2 shares issued) 2.7 2.7
Additional paid-in capital 4,214.1 4,196.9
Treasury stock (2024: 25.0 shares; 2023: 24.6 shares) (349.5) (341.9)
Accumulated deficit (1,017.1) (1,183.3)
Accumulated other comprehensive loss (467.2) (345.9)
Total stockholders' equity 2,383.0 2,328.5
Non-controlling interests 15.4 15.8
Total equity 2,398.4 2,344.3
Total liabilities and stockholders' equity $ 4,873.9 $ 4,974.1