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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Current Assets      
Cash and cash equivalents $ 396.9 $ 270.3  
Accounts receivable, less allowances of $3.5 and $3.5 460.9 422.0  
Inventories 675.4 646.6  
Other current assets 43.2 57.0  
Total Current Assets 1,576.4 1,395.9  
Property, Plant and Equipment, Net 802.4 761.1  
Equity Investment in Affiliates 14.7 12.7  
Trade Names and Other Intangibles, Net 3,369.8 3,431.6  
Goodwill 2,430.3 2,426.8  
Other Assets 317.4 317.5  
Total Assets 8,511.0 8,345.6  
Current Liabilities      
Short-term borrowings 4.0 74.0  
Accounts payable 677.7 666.7  
Accrued expenses and other liabilities 432.4 436.1  
Income taxes payable 7.7 7.0  
Total Current Liabilities 1,121.8 1,183.8  
Long-term Debt 2,400.9 2,599.5  
Deferred Income Taxes 754.0 757.0  
Deferred and Other Long-term Liabilities 281.3 273.4  
Business Acquisition Liabilities 42.0 42.0  
Total Liabilities 4,600.0 4,855.7  
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 293,709,982 shares issued as of June 30, 2023 and December 31, 2022 293.7 293.7  
Additional paid-in capital 422.6 366.2  
Retained earnings 5,815.3 5,524.6  
Accumulated other comprehensive loss (27.8) (29.3) (47.1)
Common stock in treasury, at cost: 47,710,884 shares as of June 30, 2023 and 49,814,106 shares as of December 31, 2022 (2,592.8) (2,665.3)  
Total Stockholders' Equity 3,911.0 3,489.9 $ 3,554.4
Total Liabilities and Stockholders' Equity $ 8,511.0 $ 8,345.6