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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 510.7 $ 430.2
Receivables, less allowance for credit losses of $7.9 and $8.0, respectively 446.5 442.8
Inventories 497.6 470.9
Other current assets 69.7 55.4
Total current assets 1,524.5 1,399.3
Property, plant and equipment, net of accumulated depreciation of $528.5 and $516.7, respectively 397.0 382.1
Goodwill 2,657.9 2,638.1
Intangible assets - net 933.5 947.8
Other noncurrent assets 145.1 144.6
Total assets 5,658.0 5,511.9
Current liabilities    
Trade accounts payable 216.0 208.9
Accrued expenses 275.9 289.1
Dividends payable 0.0 45.6
Total current liabilities 491.9 543.6
Long-term borrowings 1,470.7 1,468.7
Deferred income taxes 267.3 264.2
Other noncurrent liabilities 198.6 195.8
Total liabilities 2,428.5 2,472.3
Commitments and contingencies
Preferred stock:    
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None 0.0 0.0
Common stock:    
Authorized: 150,000,000 shares, $.01 per share par value, Issued: 90,071,346 shares at March 31, 2023 and 90,064,988 shares at December 31, 2022 0.9 0.9
Additional paid-in capital 830.0 817.2
Retained earnings 3,671.5 3,531.7
Treasury stock at cost: 14,386,036 shares at March 31, 2023 and 14,451,032 shares at December 31, 2022 (1,184.0) (1,184.3)
Accumulated other comprehensive loss (89.2) (126.2)
Total shareholders’ equity 3,229.2 3,039.3
Noncontrolling interest 0.3 0.3
Total equity 3,229.5 3,039.6
Total liabilities and equity $ 5,658.0 $ 5,511.9