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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 55.4 $ 53.2
Accounts receivable less allowances for discounts, doubtful accounts and returns of $18.7 and $19.5, respectively 369.3 420.5
Inventories 203.6 229.9
Deferred income taxes 0.0 39.4
Other current assets 25.3 35.8
Total current assets 653.6 778.8
Total property, plant and equipment 526.1 547.7
Less accumulated depreciation (317.0) (312.2)
Property, plant and equipment, net [1] 209.1 235.5
Deferred income taxes 25.1 31.7
Goodwill 496.9 544.9
Identifiable intangibles, net of accumulated amortization of $169.3 and $166.3, respectively 520.9 571.4
Other non-current assets 47.8 52.8
Total assets 1,953.4 2,215.1
Current liabilities:    
Notes payable 0.0 0.8
Current portion of long-term debt 0.0 0.8
Accounts payable 147.6 159.1
Accrued compensation 34.0 36.6
Accrued customer program liabilities 108.7 111.8
Accrued interest 6.3 6.5
Other current liabilities 58.7 79.8
Total current liabilities 355.3 395.4
Long-term debt, net of debt issuance costs of $8.5 and $11.3, respectively 720.5 787.7
Deferred income taxes 142.3 172.2
Pension and post-retirement benefit obligations 89.1 100.5
Other non-current liabilities 65.0 78.3
Total liabilities 1,372.2 1,534.1
Stockholders' equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized; none issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 200,000,000 shares authorized; 107,129,051 and 112,670,514 shares issued and 105,640,003 and 111,911,290 outstanding, respectively 1.1 1.1
Treasury stock, 1,489,048 and 759,224 shares, respectively (11.8) (5.9)
Paid-in capital 1,988.3 2,031.5
Accumulated other comprehensive loss (429.2) (292.6)
Accumulated deficit (967.2) (1,053.1)
Total stockholders' equity 581.2 681.0
Total liabilities and stockholders' equity $ 1,953.4 $ 2,215.1
[1] Net property, plant and equipment as of December 31, 2015 and 2014 contained $40.7 million and $37.0 million of computer software assets, which are classified within machinery and equipment and construction in progress. Amortization of software costs was $6.1 million, $7.4 million and $6.7 million for the years ended December 31, 2015, 2014 and 2013, respectively.