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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and equivalents $ 124.3 $ 99.6
Accounts receivable, net 267.5 251.7
Inventories, net 143.0 145.7
Other current assets (includes income taxes receivable of $62.4 and $1.2 at December 31, 2017 and 2016, respectively) 97.7 30.6
Total current assets 632.5 527.6
Property, plant and equipment:    
Land 15.8 15.4
Buildings and leasehold improvements 120.5 117.3
Machinery and equipment 330.4 329.8
Property, plant and equipment, gross 466.7 462.5
Accumulated depreciation (280.1) (267.0)
Property, plant and equipment, net 186.6 195.5
Goodwill 345.9 340.4
Intangibles, net 117.6 117.9
Other assets 706.9 680.5
Deferred income taxes 50.9 50.6
TOTAL ASSETS 2,040.4 1,912.5
Current liabilities:    
Accounts payable 159.7 137.6
Accrued expenses 292.6 304.3
Income taxes payable 1.2 1.7
Short-term debt 7.0 14.8
Current maturities of long-term debt 0.5 17.9
Total current liabilities 461.0 476.3
Long-term debt 349.3 323.5
Deferred and other income taxes 29.6 42.4
Other long-term liabilities 885.8 878.7
Total long-term liabilities 1,264.7 1,244.6
Commitments and contingent liabilities (Note 13)
Equity:    
Common stock (51,186,064 and 42,650,599 issued and outstanding at December 31, 2017, respectively, and 50,754,779 and 41,940,089 issued and outstanding at December 31, 2016, respectively) 0.5 0.5
Paid-in capital 1,309.8 1,307.9
Retained deficit (742.3) (831.6)
Accumulated other comprehensive income 250.1 235.1
Common stock in treasury (8,535,465 and 8,814,690 shares at December 31, 2017 and 2016, respectively) (503.4) (520.3)
Total equity 314.7 191.6
TOTAL LIABILITIES AND EQUITY $ 2,040.4 $ 1,912.5