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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 964.1 $ 344.5
Accounts receivable, less allowances of $5.1 and $7.3 600.8 526.9
Inventories 613.3 613.3
Other current assets 62.4 45.0
Total Current Assets 2,240.6 1,529.7
Property, Plant and Equipment, Net 931.7 927.7
Equity Investment in Affiliates 11.1 12.0
Net Carrying Value Trade Names 2,888.5 3,302.3
Goodwill 2,433.2 2,431.5
Other Assets 378.0 366.0
Total Assets 8,883.1 8,569.2
Current Liabilities    
Short-term borrowings 0.0 3.9
Current portion of long-term debt 0.0 199.9
Accounts payable 705.1 630.6
Accrued expenses and other liabilities 605.5 580.4
Income taxes payable 5.3 7.2
Total Current Liabilities 1,315.9 1,422.0
Long-term Debt 2,204.6 2,202.2
Deferred Income Taxes 669.2 743.1
Deferred and Other Long-term Liabilities 324.6 313.7
Business Acquisition Liabilities 8.0 32.8
Total Liabilities 4,522.3 4,713.8
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; 293,709,982 shares issued as of December 31, 2024 and 2023 293.7 293.7
Additional paid-in capital 563.1 454.8
Retained earnings 6,319.7 6,012.3
Accumulated other comprehensive loss (30.9) (27.2)
Common stock in treasury, at cost: 47,830,141 shares as of December 31, 2024 and 50,557,219 shares as of December 31, 2023 (2,784.8) (2,878.2)
Total Stockholders' Equity 4,360.8 3,855.4
Total Liabilities and Stockholders’ Equity $ 8,883.1 $ 8,569.2