v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 611.7 $ 1,045.4
Receivables, net of allowance for doubtful accounts 101.3 83.3
Inventories 509.4 501.4
Prepaid expenses and other current assets 164.5 145.7
Total current assets 1,386.9 1,775.8
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 389.8 390.2
Operating lease right-of-use assets 224.9 222.8
Marketing-related intangibles and other intangible assets, net 313.2 313.3
Goodwill 97.2 100.5
Other assets 254.8 273.5
Total assets 2,666.8 3,076.1
Current liabilities:    
Accounts payable 111.2 88.7
Royalty overrides 342.7 358.2
Current portion of long-term debt 24.7 22.9
Other current liabilities 588.6 657.5
Total current liabilities 1,067.2 1,127.3
Long-term debt, net of current portion 2,556.3 2,405.5
Non-current operating lease liabilities 207.5 206.7
Other non-current liabilities 198.1 192.7
Total liabilities 4,029.1 3,932.2
Commitments and contingencies
Shareholders’ deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 121.5 million (2020) and 137.4 million (2019) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 298.7 342.3
Accumulated other comprehensive loss (205.0) (182.2)
Accumulated deficit (1,127.2) (687.4)
Treasury stock, at cost, 10.0 million (2020) and 10.0 million (2019) shares (328.9) (328.9)
Total shareholders’ deficit (1,362.3) (856.1)
Total liabilities and shareholders’ deficit $ 2,666.8 $ 3,076.1

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