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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 359.7 $ 387.9
Accounts receivable less allowances for discounts and doubtful accounts 678.2 624.8
Inventories 703.1 718.6
Other current assets 173.0 166.9
Total current assets 1,914.0 1,898.2
Property, plant and equipment, net of accumulated depreciation 807.6 824.2
Operating lease assets 159.3 165.6
Goodwill 2,079.3 2,090.2
Other intangible assets, net of accumulated amortization 1,139.9 1,168.9
Other assets 200.0 144.2
Total assets 6,300.1 6,291.3
Current liabilities    
Short-term debt 399.9 399.7
Accounts payable 426.4 460.0
Other current liabilities 419.8 549.6
Total current liabilities 1,246.1 1,409.3
Long-term debt 2,035.2 1,784.6
Deferred income taxes 157.4 157.2
Accrued defined benefit plans 198.8 201.4
Operating lease liabilities 134.1 139.8
Other non-current liabilities 170.6 171.2
Total liabilities 3,942.2 3,863.5
Commitments and contingencies (see Note 17)
Equity    
Common stock [1] 1.8 1.8
Paid-in capital 2,843.3 2,813.8
Accumulated other comprehensive loss (123.2) (72.6)
Retained earnings 1,872.1 1,763.0
Treasury stock (2,237.0) (2,079.4)
Total Fortune Brands equity 2,357.0 2,426.6
Noncontrolling interests 0.9 1.2
Total equity 2,357.9 2,427.8
Total liabilities and equity $ 6,300.1 $ 6,291.3
[1] Common stock, par value $0.01 per share; 182.9 million shares and 181.9 million shares issued at March 31, 2020 and December 31, 2019, respectively.