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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 81.6 $ 87.1
Trade receivables, less allowance for doubtful accounts of $12.6 and $13.5 as of June 30, 2018 and December 31, 2017, respectively 381.9 444.8
Inventories 565.4 497.9
Prepaid expenses and other assets 165.9 113.4
Total current assets 1,194.8 1,143.2
Property, plant and equipment, net of accumulated depreciation of $403.8 and $385.5 as of June 30, 2018 and December 31, 2017, respectively 363.0 372.7
Deferred income taxes 161.2 138.0
Goodwill 692.2 692.5
Intangible assets, net of accumulated amortization of $150.3 and $130.9 as of June 30, 2018 and December 31, 2017, respectively 570.3 592.1
Other assets 110.4 118.4
Total assets 3,091.9 3,056.9
Current liabilities:    
Short-term borrowings [1] 29.8 12.4
Current portion of long-term debt 388.0 170.2
Accounts payable 338.0 336.9
Accrued expenses and other current liabilities 432.3 412.8
Total current liabilities 1,188.1 932.3
Long-term debt 2,649.3 2,653.7
Long-term pension and other post-retirement plan liabilities 167.2 172.8
Other long-term liabilities 68.0 68.5
Stockholders’ deficiency:    
Additional paid-in capital 1,048.5 1,040.0
Treasury stock, at cost: 1,385,198 and 1,114,528 shares of Class A Common Stock as of June 30, 2018 and December 31, 2017, respectively (25.2) (21.7)
Accumulated deficit (1,773.6) (1,560.8)
Accumulated other comprehensive loss (230.9) (228.4)
Total stockholders’ deficiency (980.7) (770.4)
Total liabilities and stockholders’ deficiency 3,091.9 3,056.9
Class A Common Stock    
Stockholders’ deficiency:    
Class A Common Stock, par value $0.01 per share; 900,000,000 shares authorized; 54,625,867 and 54,556,100 shares issued as of June 30, 2018 and December 31, 2017, respectively $ 0.5 $ 0.5
[1] Includes $15 million of borrowings at June 30, 2018 under the 2018 Senior Line of Credit Facility between Products Corporation and MacAndrews & Forbes Incorporated, a related party. See Note 7, “Long-term Debt,” for more information.