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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 662.9 $ 1,179.1
Short-term investments (Note 4) 368.2 337.8
Accounts and other receivables, net of allowances of $9.0 and $8.7, respectively 585.1 599.1
Inventories (Note 2) 662.2 640.9
Prepaid expenses 65.8 59.1
Other current assets 163.7 168.0
Total current assets 2,507.9 2,984.0
Long-term investments (Note 4) 587.8 585.5
Property, plant, and equipment, net 1,100.6 1,060.3
Operating lease right-of-use assets 75.5 80.1
Goodwill 1,166.2 1,167.7
Other intangible assets, net 334.8 336.5
Deferred income taxes 158.0 172.2
Other assets 145.3 101.8
Total assets 6,076.1 6,488.1
Current liabilities    
Accounts payable and accrued liabilities (Note 2) 722.0 876.9
Operating lease liabilities 24.9 25.5
Total current liabilities 746.9 902.4
Long-term debt 594.6 594.4
Contingent consideration liabilities (Note 5) 170.3 172.5
Taxes payable 239.3 236.6
Operating lease liabilities 55.7 58.9
Uncertain tax positions 175.9 171.7
Other long-term liabilities 192.3 203.3
Commitments and contingencies (Note 8)
Stockholders' equity    
Preferred stock, $.01 par value, authorized 50.0 shares, no shares outstanding 0.0 0.0
Common stock, $1.00 par value, 350.0 shares authorized, 218.5 and 218.1 shares issued, and 206.5 and 209.1 shares outstanding, respectively 218.5 218.1
Additional paid-in capital 1,675.9 1,623.3
Retained earnings 4,052.2 3,741.6
Accumulated other comprehensive loss (Note 9) (152.0) (156.0)
Treasury stock, at cost, 12.0 and 9.0 shares, respectively (1,893.5) (1,278.7)
Total stockholders' equity 3,901.1 4,148.3
Total liabilities and stockholders' equity $ 6,076.1 $ 6,488.1