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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 387.9 $ 262.9
Accounts receivable less allowances for discounts and doubtful accounts 624.8 571.7
Inventories 718.6 678.9
Other current assets 166.9 172.6
TOTAL CURRENT ASSETS 1,898.2 1,686.1
Property, plant and equipment, net of accumulated depreciation 824.2 813.4
Operating lease assets 165.6  
Goodwill [1] 2,090.2 2,080.3
Other intangible assets, net of accumulated amortization 1,168.9 1,246.8
Other assets 144.2 138.0
TOTAL ASSETS 6,291.3 5,964.6
Current liabilities    
Short-term debt 399.7 525.0
Accounts payable 460.0 459.0
Other current liabilities 549.6 508.1
TOTAL CURRENT LIABILITIES 1,409.3 1,492.1
Long-term debt 1,784.6 1,809.0
Deferred income taxes 157.2 162.6
Accrued defined benefit plans 201.4 163.3
Operating lease liabilities 139.8  
Other non-current liabilities 171.2 157.6
TOTAL LIABILITIES 3,863.5 3,784.6
Commitments (Note 19) and Contingencies (Note 24)
Equity    
Common stock [2] 1.8 1.8
Paid-in capital 2,813.8 2,766.0
Accumulated other comprehensive loss (72.6) (67.0)
Retained earnings 1,763.0 1,448.1
Treasury stock (2,079.4) (1,970.7)
TOTAL FORTUNE BRANDS EQUITY 2,426.6 2,178.2
Noncontrolling interests 1.2 1.8
TOTAL EQUITY 2,427.8 2,180.0
TOTAL LIABILITIES AND EQUITY $ 6,291.3 $ 5,964.6
[1] Net of accumulated impairment losses of $399.5 million in the Doors & Security segment.
[2] Common stock, par value $0.01 per share, 181.9 million shares and 180.6 million shares issued at December 31, 2019 and 2018, respectively.