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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 620.8 $ 534.3
Receivables – net 465.9 427.8
Inventories – net 429.7 420.8
Other current assets 76.3 63.4
Total current assets 1,592.7 1,446.3
Property, plant and equipment – net 460.4 430.3
Goodwill 3,251.7 2,838.3
Intangible assets – net 1,284.8 1,011.8
Other noncurrent assets 155.7 138.5
Total assets 6,745.3 5,865.2
Current liabilities    
Trade accounts payable 197.8 179.7
Accrued expenses 278.7 271.5
Current portion of long-term borrowings 100.7 0.6
Dividends payable 52.5 48.5
Total current liabilities 629.7 500.3
Long-term borrowings – net 1,859.5 1,325.1
Deferred income taxes 267.2 291.9
Other noncurrent liabilities 194.8 206.7
Total liabilities 2,951.2 2,324.0
Commitments and contingencies (Note 10)
Preferred stock:    
Authorized: 5.0 million shares, $.01 per share par value; Issued: None 0.0 0.0
Common stock:    
Authorized: 150.0 million shares, $.01 per share par value Issued: 90.1 million shares at both December 31, 2024 and 2023 0.9 0.9
Treasury stock at cost: 14.2 million shares at December 31, 2024 and 14.3 million shares at December 31, 2023 (1,170.3) (1,187.0)
Additional paid-in capital 864.8 839.0
Retained earnings 4,230.2 3,934.3
Accumulated other comprehensive loss (130.9) (45.8)
Total shareholders’ equity 3,794.7 3,541.4
Noncontrolling interest (0.6) (0.2)
Total equity 3,794.1 3,541.2
Total liabilities and equity $ 6,745.3 $ 5,865.2