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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 165.7 $ 226.6 $ 161.8
Accounts receivable, less allowance 2,352.4 2,078.1 2,088.9
Inventories 1,927.2 1,804.1 1,889.6
Other current assets 608.4 482.6 491.4
Total current assets 5,053.7 4,591.4 4,631.7
Property, plant and equipment, net 1,867.3 1,834.5 1,835.2
Goodwill 7,134.6 7,049.1 7,004.8
Intangible assets 4,001.5 4,471.2 4,734.5
Operating lease right-of-use assets 1,820.6 1,761.1 1,685.6
Other assets 789.0 694.3 604.4
Total Assets 20,666.7 20,401.6 20,496.2
Current liabilities:      
Short-term borrowings 763.5 0.1 204.7
Accounts payable 2,403.0 2,117.8 1,876.3
Compensation and taxes withheld 716.6 752.7 552.7
Accrued taxes 160.3 183.5 85.7
Current portion of long-term debt 260.6 25.1 429.8
Current portion of operating lease liabilities 409.7 387.3 371.6
Other accruals 1,005.8 1,127.9 1,001.1
Total current liabilities 5,719.5 4,594.4 4,521.9
Long-term debt 8,590.9 8,266.9 8,050.7
Postretirement benefits other than pensions 259.4 275.6 263.0
Deferred income taxes 768.2 846.1 969.9
Long-term operating lease liabilities 1,470.7 1,434.1 1,370.7
Other long-term liabilities 1,420.8 1,373.7 1,196.7
Shareholders’ equity:      
Common stock - $— par value: —, 268.7, and 276.4 million shares outstanding at December 31, 2021, 2020 and 2019, respectively 90.8 89.9 119.4
Other capital 3,793.0 3,491.4 3,153.0
Retained earnings 2,121.7 844.3 7,366.9
Treasury stock, at cost (2,869.9) (96.5) (5,836.5)
Accumulated other comprehensive loss (698.4) (718.3) (679.5)
Total shareholders’ equity 2,437.2 3,610.8 4,123.3
Total Liabilities and Shareholders’ Equity $ 20,666.7 $ 20,401.6 $ 20,496.2