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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 940.0 $ 606.9
Trade accounts receivable, less allowance for credit losses of $17.3 and $16.2, respectively 407.5 393.5
Inventories, net 258.8 300.8
Prepaid expenses and other current assets 137.4 123.4
Total current assets 1,743.7 1,424.6
Property, plant and equipment, net 309.6 293.6
Operating lease right-of-use assets 125.1 131.8
Other long-term assets 180.5 153.7
Goodwill 3,292.2 3,496.6
Other intangible assets, net 954.0 1,086.7
Total assets 6,605.1 6,587.0
Current liabilities:    
Short-term debt 115.3 510.0
Trade accounts payable 179.5 228.3
Accrued expenses and other liabilities 455.7 471.4
Operating lease liabilities 30.3 27.0
Total current liabilities 780.8 1,236.7
Operating lease liabilities 109.9 121.4
Other long-term liabilities 142.4 151.3
Long-term debt 1,398.1 870.7
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at December 31, 2023 and December 31, 2022 0.0 0.0
Common stock - $0.01 par value, 500.0 million shares authorized; 173.3 million shares issued and 171.5 million shares outstanding at December 31, 2023; 163.7 million shares issued and 163.2 million shares outstanding at December 31, 2022 1.7 1.6
Additional paid-in capital 3,758.2 3,699.0
Retained earnings 631.2 731.4
Accumulated other comprehensive loss (217.2) (225.1)
Total stockholders’ equity 4,173.9 4,206.9
Total liabilities and stockholders’ equity $ 6,605.1 $ 6,587.0