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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 569.4 $ 361.5
Accounts receivable, net of allowance for doubtful accounts and customer deductions of $12.8 million and $13.6 million as of June 30, 2019, and December 31, 2018, respectively 947.0 901.9
Inventories 815.7 795.6
Prepaid expenses and other current assets 59.2 39.4
Federal and state income taxes receivable 11.4 16.7
Total current assets 2,402.7 2,115.1
Property, plant, and equipment, net 3,107.2 3,108.6
Operating lease right-of-use assets 238.0  
Goodwill 918.7 917.3
Other intangible assets, net 358.2 378.2
Other long-term assets 49.6 50.5
Total assets 7,074.4 6,569.7
Current liabilities:    
Finance lease obligations 1.5 1.4
Operating lease obligations 59.9  
Accounts payable 382.8 382.2
Dividends payable 75.9 76.1
Accrued liabilities 197.9 222.4
Accrued interest 11.6 11.5
Total current liabilities 729.6 693.6
Long-term liabilities:    
Long-term debt 2,485.4 2,483.7
Finance lease obligations 16.8 17.6
Operating lease obligations 183.4  
Deferred income taxes 314.8 285.2
Compensation and benefits 364.9 357.5
Other long-term liabilities 58.3 59.7
Total long-term liabilities 3,423.6 3,203.7
Commitments and contingent liabilities
Stockholders' equity:    
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.7 and 94.5 million shares issued as of June 30, 2019, and December 31, 2018, respectively 0.9 0.9
Additional paid in capital 513.3 494.5
Retained earnings 2,539.2 2,315.8
Accumulated other comprehensive loss (132.2) (138.8)
Total stockholders' equity 2,921.2 2,672.4
Total liabilities and stockholders' equity $ 7,074.4 $ 6,569.7