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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 419.1 $ 387.9
Accounts receivable less allowances for discounts and credit losses 734.9 624.8
Inventories 867.2 718.6
Other current assets 187.3 166.9
TOTAL CURRENT ASSETS 2,208.5 1,898.2
Property, plant and equipment, net of accumulated depreciation 917.4 824.2
Operating lease assets 170.2 165.6
Goodwill [1] 2,394.8 2,090.2
Other intangible assets, net of accumulated amortization 1,420.3 1,168.9
Other assets 247.5 144.2
TOTAL ASSETS 7,358.7 6,291.3
Current liabilities    
Current portion of long-term debt   399.7
Accounts payable 620.5 460.0
Other current liabilities 724.6 549.6
TOTAL CURRENT LIABILITIES 1,345.1 1,409.3
Long-term debt 2,572.2 1,784.6
Deferred income taxes 160.5 157.2
Accrued defined benefit plans 159.5 201.4
Operating lease liabilities 140.5 139.8
Other non-current liabilities 205.4 171.2
TOTAL LIABILITIES 4,583.2 3,863.5
Commitments (Note 17) and Contingencies (Note 22)
Equity    
Common stock [2] 1.8 1.8
Paid-in capital 2,926.3 2,813.8
Accumulated other comprehensive loss (55.1) (72.6)
Retained earnings 2,180.2 1,763.0
Treasury stock (2,277.7) (2,079.4)
TOTAL FORTUNE BRANDS EQUITY 2,775.5 2,426.6
Noncontrolling interests   1.2
TOTAL EQUITY 2,775.5 2,427.8
TOTAL LIABILITIES AND EQUITY $ 7,358.7 $ 6,291.3
[1] Net of accumulated impairment losses of $399.5 million in the Outdoors & Security segment.
[2] Common stock, par value $0.01 per share, 184.1 million shares and 181.9 million shares issued at December 31, 2020 and 2019, respectively.