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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 183.1 $ 155.7
Accounts receivable, less allowances of $3.7 and $2.4 398.8 356.4
Inventories 495.4 417.4
Other current assets 35.1 26.9
Total Current Assets 1,112.4 956.4
Property, Plant and Equipment, Net 612.8 573.0
Equity Investment in Affiliates 9.1 9.7
Trade Names and Other Intangibles, Net 3,110.2 2,750.0
Goodwill 2,229.6 2,079.5
Other Assets 340.4 288.8
Total Assets 7,414.5 6,657.4
Current Liabilities    
Short-term borrowings 351.4 252.9
Accounts payable and accrued expenses 1,024.5 831.9
Income taxes payable 12.7 7.5
Total Current Liabilities 1,388.6 1,092.3
Long-term Debt 1,812.5 1,810.2
Deferred Income Taxes 707.3 579.6
Deferred and Other Long-term Liabilities 367.7 315.5
Business Acquisition Liabilities 118.0 192.0
Total Liabilities 4,394.1 3,989.6
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; 292,855,100 shares issued as of December 31, 2020 and 2019 292.8 292.8
Additional paid-in capital 274.4 295.5
Retained earnings 4,786.0 4,237.4
Accumulated other comprehensive loss (77.6) (66.7)
Common stock in treasury, at cost: 47,494,982 shares as of December 31, 2020 and 47,439,300 shares as of December 31, 2019 (2,255.2) (2,091.2)
Total Stockholders' Equity 3,020.4 2,667.8
Total Liabilities and Stockholders’ Equity $ 7,414.5 $ 6,657.4