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Combined Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 25, 2020
Dec. 31, 2019
Current assets:    
Accounts receivable less allowance for credit losses of $41.1 million and $32.2 million at September 25, 2020 and December 31, 2019, respectively $ 431.1 $ 490.6
Inventories:    
Finished goods 87.8 95.8
Work in process 18.4 25.2
Raw materials 111.4 103.1
Total inventories 217.6 224.1
Prepaid expenses and other current assets 107.6 110.5
Total current assets 756.3 825.2
Property, plant and equipment, net of accumulated depreciation of $234.7 million and $225.3 million at September 25, 2020 and December 31, 2019, respectively 94.7 101.9
Operating lease right-of-use assets 39.9 37.8
Long-term financing receivables less allowance for credit losses of $36.0 million and $24.1 million at September 25, 2020 and December 31, 2019, respectively 243.5 259.0
Other assets 159.7 172.9
Goodwill 1,058.7 1,157.8
Other intangible assets, net 250.9 274.3
Total assets 2,603.7 2,828.9
Current liabilities:    
Total short-term borrowings 12.9 16.8
Trade accounts payable 356.3 318.6
Current operating lease liabilities 11.1 12.8
Accrued expenses and other current liabilities 325.1 319.3
Total current liabilities 705.4 667.5
Long-term operating lease liabilities 29.5 25.2
Other long-term liabilities 281.4 295.5
Long-term debt 0.0 24.6
Equity:    
Preferred stock -- 15,000,000 authorized shares; no par value; and none issued and outstanding 0.0 0.0
Common stock -- 1,985,000,000 and 1,000 shares authorized at September 25, 2020 and December 31, 2019, respectively; $.0001 par value; and 1,000 shares issued and outstanding at September 25, 2020 and December 31, 2019 0.0 0.0
Net Parent investment 1,445.8 1,662.5
Accumulated other comprehensive income 137.3 148.7
Total stockholders’ equity 1,583.1 1,811.2
Noncontrolling interests 4.3 4.9
Total equity 1,587.4 1,816.1
Total liabilities and equity $ 2,603.7 $ 2,828.9