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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Current assets:      
Cash and cash equivalents $ 188.1 $ 161.8 $ 145.6
Accounts receivable, net 2,472.5 2,088.9 2,659.1
Inventories 1,788.6 1,889.6 1,894.9
Other current assets 434.0 491.4 390.4
Total current assets 4,883.2 4,631.7 5,090.0
Property, plant and equipment, net 1,798.6 1,835.2 1,773.6
Goodwill 6,976.8 7,004.8 6,961.8
Intangible assets 4,533.7 4,734.5 5,043.7
Operating lease right-of-use assets 1,696.6 1,685.6 1,667.5
Other assets 605.6 604.4 649.5
Total assets 20,494.5 20,496.2 21,186.1
Current liabilities:      
Short-term borrowings 559.5 204.7 808.8
Accounts payable 1,848.4 1,876.3 2,067.9
Compensation and taxes withheld 467.3 552.7 418.3
Accrued taxes 255.7 85.7 154.6
Current portion of long-term debt 0.7 429.8 1,437.8
California litigation accrual 12.0 12.0 136.3
Current portion of operating lease liabilities 369.4 371.6 361.7
Other accruals 946.6 989.1 957.2
Total current liabilities 4,459.6 4,521.9 6,342.6
Long-term debt 8,289.4 8,050.7 7,209.5
Postretirement benefits other than pensions 262.5 263.0 259.9
Deferred income taxes 953.2 969.9 1,114.7
Long-term operating lease liabilities 1,390.7 1,370.7 1,362.2
Other long-term liabilities 1,269.2 1,196.7 1,149.7
Shareholders’ equity:      
Common stock 120.0 119.4 118.9
Other capital 3,289.1 3,153.0 3,010.7
Retained earnings 8,036.0 7,366.9 6,753.0
Treasury stock, at cost (6,708.0) (5,836.5) (5,504.3)
Accumulated other comprehensive loss (867.2) (679.5) (630.8)
Total shareholders' equity 3,869.9 4,123.3 3,747.5
Total liabilities and shareholders’ equity $ 20,494.5 $ 20,496.2 $ 21,186.1