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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 651.7 $ 606.9
Trade accounts receivable, less allowance for credit losses of $16.3 and $16.2, respectively 415.2 393.5
Inventories, net 297.0 300.8
Prepaid expenses and other current assets 125.0 123.4
Total current assets 1,488.9 1,424.6
Property, plant and equipment, net 300.1 293.6
Operating lease right-of-use assets 129.6 131.8
Other long-term assets 151.7 153.7
Goodwill 3,493.8 3,496.6
Other intangible assets, net 1,043.1 1,086.7
Total assets 6,607.2 6,587.0
Current liabilities:    
Short-term debt 511.5 510.0
Trade accounts payable 176.8 228.3
Accrued expenses and other liabilities 434.0 471.4
Operating lease liabilities 28.5 27.0
Total current liabilities 1,150.8 1,236.7
Operating lease liabilities 116.8 121.4
Other long-term liabilities 153.0 151.3
Long-term debt 875.6 870.7
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at June 30, 2023 and December 31, 2022 0.0 0.0
Common stock - $0.01 par value, 500.0 million shares authorized; 164.5 million shares issued and 163.8 million shares outstanding at June 30, 2023; 163.7 million shares issued and 163.2 million shares outstanding at December 31, 2022 1.6 1.6
Additional paid-in capital 3,719.2 3,699.0
Retained earnings 827.1 731.4
Accumulated other comprehensive loss (236.9) (225.1)
Total stockholders’ equity 4,311.0 4,206.9
Total liabilities and stockholders’ equity $ 6,607.2 $ 6,587.0