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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 699.8 $ 608.3
Short-term investments 209.7 227.7
Trade accounts receivable, net of allowance for doubtful accounts of $2.2 and $2.0 at March 31, 2021 and December 31, 2020, respectively 420.8 392.7
Inventories 515.2 501.4
Other current assets 77.0 74.3
Total current assets 1,922.5 1,804.4
Property, plant and equipment, net 297.0 284.3
Right-of-use asset 182.7 184.4
Goodwill 1,062.1 1,066.4
Intangible assets, net 498.4 512.2
Long-term investments 6.5 6.5
Other assets 48.7 45.6
Total assets 4,017.9 3,903.8
Current liabilities:    
Short-term debt 9.3 14.5
Accounts payable 146.7 110.6
Accrued compensation 76.3 117.9
Income taxes payable 19.9 18.3
Lease liability 13.8 15.8
Deferred revenue and customer advances 35.4 31.2
Other current liabilities 70.5 65.6
Total current liabilities 371.9 373.9
Long-term debt, net 813.3 815.0
Non-current deferred taxes 71.2 59.2
Non-current accrued compensation 47.4 49.5
Non-current lease liability 191.7 187.4
Other non-current liabilities 53.4 57.9
Total liabilities 1,548.9 1,542.9
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred Stock, $0.01 par value per share, 2,000,000 shares authorized; none issued and outstanding
Common Stock, no par value, 200,000,000 shares authorized; 55,257,268 and 55,196,501 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 0.1 0.1
Additional paid-in capital 877.9 873.2
Retained earnings 1,598.5 1,487.3
Accumulated other comprehensive (loss) income (7.5) 0.3
Total stockholders’ equity 2,469.0 2,360.9
Total liabilities and stockholders’ equity $ 4,017.9 $ 3,903.8