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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 174.4 $ 240.6
Accounts receivable, less allowances of $4.3 and $5.5 407.1 405.5
Inventories 598.8 535.4
Other current assets 41.5 51.9
Total Current Assets 1,221.8 1,233.4
Property, Plant and Equipment, Net 653.2 652.7
Equity Investment in Affiliates 10.8 9.1
Trade Names and Other Intangibles, Net 3,464.7 3,494.3
Goodwill 2,273.8 2,274.5
Other Assets 316.9 332.5
Total Assets 7,941.2 7,996.5
Current Liabilities    
Short-term borrowings 103.0 252.8
Current portion of long-term debt 699.7 699.4
Accounts payable and accrued expenses 1,009.2 1,119.7
Income taxes payable 59.7 3.3
Total Current Liabilities 1,871.6 2,075.2
Long-term Debt 1,611.2 1,610.7
Deferred Income Taxes 738.0 745.1
Deferred and Other Long-term Liabilities 283.5 298.3
Business Acquisition Liabilities 34.0 34.0
Total Liabilities 4,538.3 4,763.3
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock, $1.00 par value, Authorized 2,500,000 shares; none issued 0.0 0.0
Common Stock, $1.00 par value, Authorized 600,000,000 shares and 292,855,100 shares issued as of March 31, 2022 and December 31, 2021 292.8 292.8
Additional paid-in capital 334.2 310.3
Retained earnings 5,506.7 5,366.0
Accumulated other comprehensive loss (53.2) (68.2)
Common stock in treasury, at cost: 47,857,411 shares as of March 31, 2022 and 50,309,124 shares as of December 31, 2021 (2,677.6) (2,667.7)
Total Stockholders' Equity 3,402.9 3,233.2
Total Liabilities and Stockholders' Equity $ 7,941.2 $ 7,996.5