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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 139.8 $ 385.3
Receivables, net of allowance of $5.4 million and $4.0 million, respectively 694.9 511.6
Inventories 436.0 377.0
Prepaid expenses 24.0 24.3
Other current assets 41.5 57.0
Total current assets 1,336.2 1,355.2
Property, plant, and equipment, net 683.1 632.2
Other assets:    
Goodwill, net 1,180.2 1,081.2
Other intangible assets, net 1,005.3 872.2
Other long-term assets 24.1 25.0
Total other assets 2,209.6 1,978.4
TOTAL ASSETS 4,228.9 3,965.8
Current liabilities:    
Accounts payable 335.4 243.6
Accrued expenses 235.3 246.7
Deferred revenue 31.2 23.2
Total current liabilities 601.9 513.5
Long-term liabilities:    
Long-term debt 706.7 596.4
Deferred revenue 177.3 172.0
Other long-term liabilities 270.5 217.0
Total long-term liabilities 1,154.5 985.4
Commitments and contingencies (See Note 11)
Shareholders' equity:    
Preferred stock, $1 par value per share (authorized and unissued 5,000,000 shares) 0.0 0.0
Common stock, $1 par value per share (authorized 200,000,000 shares; issued 78,661,248 shares; outstanding 62,968,289 and 64,257,182 shares, respectively) 78.7 78.7
Additional paid-in capital 341.6 335.3
Deferred compensation equity 13.1 10.3
Treasury shares, at cost (15,507,309 and 14,178,801 shares, respectively) (535.7) (382.6)
Accumulated other comprehensive loss (90.9) (122.2)
Retained earnings 2,665.7 2,547.4
Total shareholders' equity 2,472.5 2,466.9
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,228.9 $ 3,965.8