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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current Assets      
Cash and cash equivalents $ 202.8 $ 270.3  
Accounts receivable, less allowances of $3.6 and $3.5 429.3 422.0  
Inventories 653.3 646.6  
Other current assets 49.5 57.0  
Total Current Assets 1,334.9 1,395.9  
Property, Plant and Equipment, Net 772.2 761.1  
Equity Investment in Affiliates 13.8 12.7  
Trade Names and Other Intangibles, Net 3,400.6 3,431.6  
Goodwill 2,430.3 2,426.8  
Other Assets 314.8 317.5  
Total Assets 8,266.6 8,345.6  
Current Liabilities      
Short-term borrowings 18.7 74.0  
Accounts payable and accrued expenses 1,049.8 1,102.8  
Income taxes payable 58.4 7.0  
Total Current Liabilities 1,126.9 1,183.8  
Long-term Debt 2,400.1 2,599.5  
Deferred Income Taxes 755.8 757.0  
Deferred and Other Long-term Liabilities 274.1 273.4  
Business Acquisition Liabilities 42.0 42.0  
Total Liabilities 4,598.9 4,855.7  
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 and 293,709,982 shares issued as of March 31, 2023 and December 31, 2022 293.7 293.7  
Additional paid-in capital 394.0 366.2  
Retained earnings 5,661.2 5,524.6  
Accumulated other comprehensive loss (26.2) (29.3) (53.2)
Common stock in treasury, at cost: 49,515,884 shares as of March 31, 2023 and 49,814,106 shares as of December 31, 2022 (2,655.0) (2,665.3)  
Total Stockholders' Equity 3,667.7 3,489.9 $ 3,402.9
Total Liabilities and Stockholders' Equity $ 8,266.6 $ 8,345.6