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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 398.4 $ 387.9
Accounts receivable less allowances for discounts and doubtful accounts 657.7 624.8
Inventories 732.3 718.6
Other current assets 168.9 166.9
Total current assets 1,957.3 1,898.2
Property, plant and equipment, net of accumulated depreciation 794.2 824.2
Operating lease assets 164.4 165.6
Goodwill [1] 2,081.3 2,090.2
Other intangible assets, net of accumulated amortization 1,118.0 1,168.9
Other assets 217.1 144.2
Total assets 6,332.3 6,291.3
Current liabilities    
Short-term debt   399.7
Accounts payable 463.9 460.0
Other current liabilities 488.9 549.6
Total current liabilities 952.8 1,409.3
Long-term debt 2,245.9 1,784.6
Deferred income taxes 152.1 157.2
Accrued defined benefit plans 197.5 201.4
Operating lease liabilities 137.5 139.8
Other non-current liabilities 183.4 171.2
Total liabilities 3,869.2 3,863.5
Commitments and contingencies (see Note 17)
Equity    
Common stock [2] 1.8 1.8
Paid-in capital 2,852.9 2,813.8
Accumulated other comprehensive loss (110.3) (72.6)
Retained earnings 1,954.7 1,763.0
Treasury stock (2,237.3) (2,079.4)
Total Fortune Brands equity 2,461.8 2,426.6
Noncontrolling interests 1.3 1.2
Total equity 2,463.1 2,427.8
Total liabilities and equity $ 6,332.3 $ 6,291.3
[1] Net of accumulated impairment losses of $399.5 million in the Doors & Security segment.
[2] Common stock, par value $0.01 per share; 183.0 million shares and 181.9 million shares issued at June 30, 2020 and December 31, 2019, respectively.