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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 379.6 $ 385.3
Receivables, net 657.7 511.6
Inventories 507.9 377.0
Prepaid expenses 25.1 24.3
Other current assets 74.3 57.0
Total current assets 1,644.6 1,355.2
Property, plant and equipment, net 780.9 632.2
Other assets:    
Goodwill, net 1,601.8 1,081.2
Other intangible assets, net 1,234.4 872.2
Other long-term assets 38.1 25.0
Total other assets 2,874.3 1,978.4
Total assets 5,299.8 3,965.8
Current liabilities:    
Accounts payable 352.4 243.6
Accrued expenses 278.4 246.7
Deferred revenue 27.8 23.2
Total current liabilities 658.6 513.5
Long-term liabilities:    
Long-term debt 1,586.2 596.4
Deferred revenue 188.0 172.0
Other long-term liabilities 338.7 217.0
Total long-term liabilities 2,112.9 985.4
Commitments and contingencies (see Note 11)
Shareholders' equity:    
Preferred stock, $1 par value per share (5,000,000 shares authorized and unissued)
Common stock, $1 par value per share (200,000,000 shares authorized; 61,839,734 and 64,257,182 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 353.7 335.3
Deferred compensation equity 10.4 10.3
Treasury shares, at cost (16,613,193 and 14,178,801 shares, respectively) (649.6) (382.6)
Accumulated other comprehensive loss (85.7) (122.2)
Retained earnings 2,820.8 2,547.4
Total shareholders' equity 2,528.3 2,466.9
Total liabilities and equity $ 5,299.8 $ 3,965.8