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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,187.7 $ 351.2
Receivables, net of allowance for credit losses of $7.9 million and $6.6 million, respectively 686.6 682.5
Inventories, net 560.6 510.6
Contract assets 103.6 100.5
Prepaid expenses 23.3 30.5
Other current assets 46.8 76.7
Total current assets 2,608.6 1,752.0
Property, plant, and equipment, net 771.2 783.5
Goodwill, net 1,706.6 1,716.3
Other intangible assets, net 1,106.5 1,140.6
Other long-term assets 104.7 103.6
Total assets 6,297.6 5,496.0
Current liabilities:    
Accounts payable 336.6 327.3
Accrued and other current liabilities 234.7 294.5
Contract liabilities 30.5 27.0
Current portion of debt 0.9 250.2
Total current liabilities 602.7 899.0
Long-term liabilities:    
Long-term debt, less current portion 2,576.4 1,341.4
Contract liabilities 223.7 220.4
Other long-term liabilities 376.3 392.4
Total long-term liabilities 3,176.4 1,954.2
Shareholders' equity:    
Preferred stock, $1 par value per share (5.0 shares authorized and unissued) 0.0 0.0
Common stock, $1 par value per share (200.0 shares authorized; 54.9 and 55.7 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 418.7 413.7
Deferred compensation equity 3.4 2.9
Treasury shares, at cost (23.5 and 22.7 shares, respectively) (1,567.5) (1,449.7)
Accumulated other comprehensive loss (169.6) (124.1)
Retained earnings 3,754.8 3,721.3
Total shareholders' equity 2,518.5 2,642.8
Total liabilities and equity $ 6,297.6 $ 5,496.0