XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 270.3 $ 240.6
Accounts receivable, less allowances of $3.5 and $5.5 422.0 405.5
Inventories 646.6 535.4
Other current assets 57.0 51.9
Total Current Assets 1,395.9 1,233.4
Property, Plant and Equipment, Net 761.1 652.7
Equity Investment in Affiliates 12.7 9.1
Trade Names and Other Intangibles, Net 3,431.6 3,494.3
Goodwill 2,426.8 2,274.5
Other Assets 317.5 332.5
Total Assets 8,345.6 7,996.5
Current Liabilities    
Short-term borrowings 74.0 252.8
Current portion of long-term debt 0.0 699.4
Accounts payable and accrued expenses 1,102.8 1,119.7
Income taxes payable 7.0 3.3
Total Current Liabilities 1,183.8 2,075.2
Long-term Debt 2,599.5 1,610.7
Deferred Income Taxes 757.0 745.1
Deferred and Other Long-term Liabilities 273.4 298.3
Business Acquisition Liabilities 42.0 34.0
Total Liabilities 4,855.7 4,763.3
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock, $1.00 par value, Authorized 2,500,000 shares; none issued 0.0 0.0
Common Stock, $1.00 par value, Authorized 600,000,000 shares; 293,709,982 shares issued as of December 31, 2022 and 292,855,100 shares issued as of December 31, 2021 293.7 292.8
Additional paid-in capital 366.2 310.3
Retained earnings 5,524.6 5,366.0
Accumulated other comprehensive loss (29.3) (68.2)
Common stock in treasury, at cost: 49,814,106 shares as of December 31, 2022 and 50,309,124 shares as of December 31, 2021 (2,665.3) (2,667.7)
Total Stockholders' Equity 3,489.9 3,233.2
Total Liabilities and Stockholders’ Equity $ 8,345.6 $ 7,996.5