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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Current assets:      
Cash and cash equivalents $ 619.9 $ 161.8 $ 189.6
Accounts receivable, net 2,454.5 2,088.9 2,479.0
Inventories 1,672.8 1,889.6 1,825.0
Other current assets 428.4 491.4 414.1
Total current assets 5,175.6 4,631.7 4,907.7
Property, plant and equipment, net 1,780.0 1,835.2 1,798.3
Goodwill 7,005.6 7,004.8 6,958.7
Intangible assets 4,498.7 4,734.5 4,889.3
Operating lease right-of-use assets 1,738.6 1,685.6 1,659.0
Other assets 611.2 604.4 651.3
Total assets 20,809.7 20,496.2 20,864.3
Current liabilities:      
Short-term borrowings 0.2 204.7 435.7
Accounts payable 2,056.2 1,876.3 2,028.4
Compensation and taxes withheld 654.5 552.7 538.9
Accrued taxes 165.2 85.7 95.0
Current portion of long-term debt 24.1 429.8 429.6
California litigation accrual 12.0 12.0 12.0
Current portion of operating lease liabilities 379.5 371.6 364.4
Other accruals 1,066.6 989.1 961.8
Total current liabilities 4,358.3 4,521.9 4,865.8
Long-term debt 8,266.9 8,050.7 8,043.0
Postretirement benefits other than pensions 262.3 263.0 261.0
Deferred income taxes 956.7 969.9 1,096.9
Long-term operating lease liabilities 1,421.3 1,370.7 1,352.2
Other long-term liabilities 1,336.9 1,196.7 1,222.5
Shareholders’ equity:      
Common stock 120.4 119.4 119.2
Other capital 3,373.3 3,153.0 3,079.3
Retained earnings 8,619.5 7,366.9 7,224.3
Treasury stock, at cost (7,113.6) (5,836.5) (5,632.8)
Accumulated other comprehensive loss (792.3) (679.5) (767.1)
Total shareholders' equity 4,207.3 4,123.3 4,022.9
Total liabilities and shareholders’ equity $ 20,809.7 $ 20,496.2 $ 20,864.3