Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 248.4 $ 190.1
Accounts receivable, net of allowance for doubtful accounts of $11.1 and $8.8 at September 30, 2020 and December 31, 2019, respectively 366.0 363.9
Inventories 211.9 199.6
Prepaid expenses 24.4 18.3
Other current assets 87.6 50.3
Current assets of discontinued operations 8.3 11.2
Total current assets 946.6 833.4
Property, plant and equipment, net 234.6 264.8
Goodwill 2,189.6 2,179.6
Intangible assets, net 860.1 944.4
Other assets 88.9 95.7
Non-current assets of discontinued operations 7.0 6.5
Total assets 4,326.8 4,324.4
Liabilities and stockholders' equity    
Accounts payable 103.8 96.8
Current installments of long-term debt and revolving credit facilities 7.7 7.8
Accrued expenses and other current liabilities 172.8 155.1
Current liabilities of discontinued operations 18.1 34.1
Total current liabilities 302.4 293.8
Debt 1,509.7 1,513.2
Pension and post-retirement benefits 49.2 50.8
Deferred income taxes 77.1 119.6
Other liabilities 145.4 127.7
Total liabilities 2,083.8 2,105.1
Commitments and contingencies (Note 11)
Stockholders' Equity    
Preferred stock - Series A 0.0 0.0
Common stock: 400.0 shares authorized (2020: 261.2 shares issued; 2019: 258.4 shares issued) 2.6 2.6
Additional paid-in capital 4,120.8 4,114.2
Treasury stock (2020: 12.5 shares; 2019: 8.3 shares) (117.1) (78.9)
Accumulated deficit (1,490.7) (1,536.5)
Accumulated other comprehensive loss (271.0) (280.5)
Total stockholders' equity 2,244.6 2,220.9
Non-controlling interests (1.6) (1.6)
Total equity 2,243.0 2,219.3
Total liabilities and stockholders' equity $ 4,326.8 $ 4,324.4