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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Current assets:      
Cash and cash equivalents $ 238.5 $ 161.8 $ 94.4
Accounts receivable, less allowance 2,291.5 2,088.9 2,339.6
Inventories 1,954.8 1,889.6 1,993.4
Other current assets 443.2 491.4 387.8
Total current assets 4,928.0 4,631.7 4,815.2
Property, plant and equipment, net 1,829.5 1,835.2 1,763.0
Goodwill 6,958.7 7,004.8 6,956.4
Intangible assets 4,585.4 4,734.5 5,127.1
Operating lease right-of-use assets 1,683.4 1,685.6 1,663.4
Other assets 585.3 604.4 636.5
Total assets 20,570.3 20,496.2 20,961.6
Current liabilities:      
Short-term borrowings 1,051.5 204.7 824.8
Accounts payable 1,958.4 1,876.3 1,894.0
Compensation and taxes withheld 438.0 552.7 400.8
Accrued taxes 106.5 85.7 128.9
Current portion of long-term debt 429.5 429.8 303.9
California litigation accrual 12.0 12.0 136.3
Current portion of operating lease liabilities 371.1 371.6 356.5
Other accruals 853.2 989.1 955.4
Total current liabilities 5,220.2 4,521.9 5,000.6
Long-term debt 8,289.2 8,050.7 8,702.6
Postretirement benefits other than pensions 262.8 263.0 258.7
Deferred income taxes 949.5 969.9 1,128.8
Long-term operating lease liabilities 1,373.7 1,370.7 1,371.4
Other long-term liabilities 1,185.8 1,196.7 1,039.4
Shareholders’ equity:      
Common stock 119.7 119.4 118.7
Other capital 3,215.5 3,153.0 2,945.6
Retained earnings 7,562.7 7,366.9 6,386.9
Treasury stock, at cost (6,707.7) (5,836.5) (5,358.9)
Accumulated other comprehensive loss (901.1) (679.5) (632.2)
Total shareholders' equity 3,289.1 4,123.3 3,460.1
Total liabilities and shareholders’ equity $ 20,570.3 $ 20,496.2 $ 20,961.6