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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 76.9 $ 42.9
Accounts receivable less allowances for discounts, doubtful accounts and sales returns of $18.1 and $15.7, respectively 469.3 391.0
Inventories 254.2 210.0
Other current assets 29.2 26.8
Total current assets 829.6 670.7
Total property, plant and equipment 645.2 528.0
Less: accumulated depreciation (366.7) (329.6)
Property, plant and equipment, net [1] 278.5 198.4
Deferred income taxes 137.9 27.3
Goodwill 670.3 587.1
Identifiable intangibles, net of accumulated amortization of $203.7 and $167.1, respectively 839.9 565.7
Other non-current assets 42.9 15.3
Total assets 2,799.1 2,064.5
Current liabilities:    
Notes payable 0.0 63.7
Current portion of long-term debt 43.2 4.8
Accounts payable 178.2 135.1
Accrued compensation 60.9 42.8
Accrued customer program liabilities 141.1 94.0
Accrued interest 1.2 1.3
Other current liabilities 113.8 64.7
Total current liabilities 538.4 406.4
Long-term debt, net of debt issuance costs of $7.1 and $7.3, respectively 889.2 627.7
Deferred income taxes 177.1 146.7
Pension and post-retirement benefit obligations 275.5 98.0
Other non-current liabilities 144.8 77.0
Total liabilities 2,025.0 1,355.8
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; 109,597,197 and 110,086,283 shares issued and 106,684,084 and 107,906,644 outstanding, respectively 1.1 1.1
Treasury stock, 2,913,113 and 2,179,639 shares, respectively (26.4) (17.0)
Paid-in capital 1,999.7 2,015.7
Accumulated other comprehensive loss (461.1) (419.4)
Accumulated deficit (739.2) (871.7)
Total stockholders' equity 774.1 708.7
Total liabilities and stockholders' equity $ 2,799.1 $ 2,064.5
[1] Net property, plant and equipment as of December 31, 2017 and 2016 contained $42.1 million and $34.7 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Amortization expense for software was $7.1 million, $7.0 million and $6.1 million for the years ended December 31, 2017, 2016 and 2015, respectively.