Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 28, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 951.0	$ 949.2
Receivables, net	733.0	701.5
Inventories	1,200.6	1,089.5
Other current assets	212.4	193.0
Total current assets	3,097.0	2,933.2
Property, plant and equipment, net	2,401.1	2,279.1
Goodwill	932.5	916.9
Intangible assets, net	595.9	628.3
Deferred tax assets	259.6	339.1
Other assets	123.7	98.5
Total assets	7,409.8	7,195.1
Liabilities, Non-Controlling Interest and Stockholders’ Equity
Accounts payable	588.3	548.0
Accrued expenses	627.2	612.8
Current portion of long-term debt	99.2	248.1
Total current liabilities	1,314.7	1,408.9
Long-term debt	2,615.7	2,703.7
Deferred tax liabilities	60.7	55.1
Other long-term liabilities	215.3	226.4
Total liabilities	4,206.4	4,394.1
Commitments and contingencies (Note 10)
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 and 1,250,000,000 shares authorized, 557,144,241 and 551,873,115 issued, 423,884,865 and 425,118,194 outstanding, respectively)	5.6	5.5
Additional paid-in capital	3,670.3	3,593.5
Accumulated other comprehensive loss	(35.5)	(40.6)
Accumulated earnings	814.0	351.5
Less: Treasury stock, at cost: 133,259,376 and 126,754,921 shares, respectively	(1,275.3)	(1,131.1)
Total ON Semiconductor Corporation stockholders’ equity	3,179.1	2,778.8
Non-controlling interest in consolidated subsidiary	24.3	22.2
Total stockholders' equity	3,203.4	2,801.0
Total liabilities and stockholders' equity	$ 7,409.8	$ 7,195.1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).