Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 894.2	$ 1,069.6
Receivables, net	705.0	686.0
Inventories	1,232.4	1,225.2
Other current assets	188.4	187.0
Total current assets	3,020.0	3,167.8
Property, plant and equipment, net	2,591.6	2,549.6
Goodwill	1,659.2	932.5
Intangible assets, net	590.5	566.4
Deferred tax assets	307.8	266.2
Other assets	256.4	105.1
Total assets	8,425.5	7,587.6
Liabilities, Non-Controlling Interest and Stockholders’ Equity
Accounts payable	543.6	671.7
Accrued expenses and other current liabilities	538.8	659.1
Current portion of long-term debt	736.0	138.5
Total current liabilities	1,818.4	1,469.3
Long-term debt	2,876.5	2,627.6
Deferred tax liabilities	60.2	54.8
Other long-term liabilities	346.3	241.8
Total liabilities	5,101.4	4,393.5
Commitments and contingencies (Note 13)
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 565,562,607 and 558,701,620 shares issued, 411,312,664 and 413,834,227 shares outstanding, respectively)	5.7	5.6
Additional paid-in capital	3,809.5	3,702.3
Accumulated other comprehensive loss	(54.3)	(37.9)
Accumulated earnings	1,191.3	979.6
Less: Treasury stock, at cost; 154,249,943 and 144,867,393 shares, respectively	(1,650.5)	(1,478.0)
Total ON Semiconductor Corporation stockholders’ equity	3,301.7	3,171.6
Non-controlling interest	22.4	22.5
Total stockholders' equity	3,324.1	3,194.1
Total liabilities and stockholders' equity	$ 8,425.5	$ 7,587.6

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).