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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 338.1 $ 229.5
Accounts receivable, less allowance for doubtful accounts of $4.1 in 2021 and of $4.1 in 2020 177.0 143.2
Inventories 160.0 139.1
Income taxes receivable 9.7 49.6
Prepaid expenses and other current assets 28.2 17.6
Total current assets 713.0 579.0
Property, plant and equipment, net 236.7 195.0
Goodwill 953.2 621.8
Other intangible assets, net 913.4 553.6
Other assets 153.5 134.2
Total assets 2,969.8 2,083.6
Current liabilities    
Current maturities of long-term debt 12.7 3.8
Short-term debt 149.3 0.0
Accounts payable 81.9 69.8
Accrued expenses 135.2 128.4
Total current liabilities 379.1 202.0
Long-term debt 963.9 487.5
Deferred taxes and non-current income taxes payable 167.3 130.5
Other liabilities 142.8 136.7
Total liabilities 1,653.1 956.7
Commitments and contingent liabilities
Redeemable non-controlling interest 50.1 48.4
Shareholders’ equity    
Common stock – $.01 par value; 100,000,000 shares authorized; issued 20,915,793 shares at December 31, 2021 and 20,718,675 shares at December 31, 2020 0.2 0.2
Additional paid-in capital 303.6 289.6
Retained earnings 949.4 794.8
Accumulated other comprehensive income (loss) 14.6 (4.9)
Common stock held in treasury, at cost – 180,848 shares at December 31, 2021 and 182,511 shares at December 31, 2020 (1.2) (1.2)
Total shareholders’ equity 1,266.6 1,078.5
Total liabilities and equity $ 2,969.8 $ 2,083.6