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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 374.9 $ 334.4
Short-term investments 35.8 0.0
Accounts receivable, net 136.9 137.1
Inventories 152.7 151.9
Prepaid expenses and other current assets 54.4 44.9
Current assets of discontinued operation 0.0 15.9
Total current assets 754.7 684.2
Property, plant and equipment, net 185.6 185.2
Goodwill 807.9 863.8
Other intangible assets, net 767.9 799.8
Other assets 117.0 114.8
Total assets 2,633.1 2,647.8
Current liabilities    
Current maturities of long-term debt 15.6 15.6
Accounts payable 63.3 73.4
Accrued expenses 108.2 120.2
Current liabilities of discontinued operation 0.0 2.3
Total current liabilities 187.1 211.5
Long-term debt 767.6 775.1
Deferred taxes and non-current income taxes payable 135.8 136.5
Other liabilities 110.3 111.7
Total liabilities 1,200.8 1,234.8
Commitments and contingencies
Redeemable non-controlling interests 17.9 17.9
Shareholders’ equity    
Common stock – $.01 par value; 100,000,000 shares authorized; issued, 21,081,414 shares in 2023 and 20,996,739 shares in 2022 0.2 0.2
Additional paid-in capital 299.7 299.2
Retained earnings 1,136.8 1,130.2
Accumulated other comprehensive loss (21.1) (33.3)
Common stock held in treasury, at cost – 177,704 shares in 2023 and 179,345 shares in 2022 (1.2) (1.2)
Total shareholders’ equity 1,414.4 1,395.1
Total liabilities and equity $ 2,633.1 $ 2,647.8