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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 752.1 $ 344.5
Accounts receivable, less allowances of $7.0 and $7.3 555.3 526.9
Inventories 658.5 613.3
Other current assets 50.8 45.0
Total Current Assets 2,016.7 1,529.7
Property, Plant and Equipment, Net 915.3 927.7
Equity Investment in Affiliates 12.0 12.0
Net Carrying Value Trade Names 2,919.7 3,302.3
Goodwill 2,433.3 2,431.5
Other Assets 369.2 366.0
Total Assets 8,666.2 8,569.2
Current Liabilities    
Short-term borrowings 3.4 3.9
Current portion of long-term debt 0.0 199.9
Accounts payable 705.9 630.6
Accrued expenses and other liabilities 529.6 580.4
Income taxes payable 7.7 7.2
Total Current Liabilities 1,246.6 1,422.0
Long-term Debt 2,208.2 2,202.2
Deferred Income Taxes 658.6 743.1
Deferred and Other Long-term Liabilities 326.4 313.7
Business Acquisition Liabilities 32.7 32.8
Total Liabilities 4,472.5 4,713.8
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 September 30, 2024 and December 31, 2023 293.7 293.7
Additional paid-in capital 534.7 454.8
Retained earnings 6,200.9 6,012.3
Accumulated other comprehensive loss (18.2) (27.2)
Common stock in treasury, at cost: 48,777,196 shares as of September 30, 2024 and 50,557,219 shares as of December 31, 2023 (2,817.4) (2,878.2)
Total Stockholders' Equity 4,193.7 3,855.4
Total Liabilities and Stockholders' Equity $ 8,666.2 $ 8,569.2