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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
[1]
Current assets:    
Cash and cash equivalents $ 186.8 $ 326.9 [2]
Trade receivables, less allowance for doubtful accounts of $11.1 and $10.5 as of December 31, 2016 and December 31, 2015, respectively 423.9 244.9
Inventories 424.6 183.8
Prepaid expenses and other 88.8 53.3
Total current assets 1,124.1 808.9
Property, plant and equipment, net of accumulated depreciation of $304.7 and $271.7 as of December 31, 2016 and December 31, 2015, respectively 320.5 215.3
Deferred income taxes 149.7 71.3
Goodwill 689.5 469.7
Intangible assets, net of accumulated amortization of $84.8 and $61.1 as of December 31, 2016 and December 31, 2015, respectively 636.6 318.0
Other assets 103.1 84.1
Total assets 3,023.5 1,967.3
Current liabilities:    
Short-term borrowings 10.8 11.3
Current portion of long-term debt 18.1 30.0
Accounts payable 296.9 201.3
Accrued expenses and other 382.9 272.4
Total current liabilities 708.7 515.0
Long-term debt 2,663.1 1,783.7
Long-term pension and other post-retirement plan liabilities 184.1 185.3
Other long-term liabilities 82.4 70.8
Stockholders’ deficiency:    
Additional paid-in capital 1,033.2 1,026.3
Treasury stock, at cost: 1,024,908 and 859,921 shares of Class A Common Stock as of December 31, 2016 and December 31, 2015, respectively (19.2) (13.3)
Accumulated deficit (1,377.6) (1,355.7)
Accumulated other comprehensive loss (251.7) (245.3)
Total stockholders’ deficiency (614.8) (587.5)
Total liabilities and stockholders’ deficiency 3,023.5 1,967.3
Class A Common Stock [Member]    
Stockholders’ deficiency:    
Class A Common Stock, par value $0.01 per share; 900,000,000 shares authorized; 53,956,073 and 54,088,174 shares issued as of December 31, 2016 and December 31, 2015, respectively $ 0.5 $ 0.5
[1] Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2016. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2] Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2016. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.