Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,278.8 $ 844.0
Receivables, net of allowance for doubtful accounts 93.3 70.3
Inventories 341.2 371.3
Prepaid expenses and other current assets 147.0 176.9
Total current assets 1,860.3 1,462.5
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 377.5 378.0
Marketing related intangibles and other intangible assets, net 310.1 310.1
Goodwill 96.9 89.9
Other assets 250.3 324.9
Total assets 2,895.1 2,565.4
CURRENT LIABILITIES:    
Accounts payable 67.8 66.0
Royalty overrides 277.7 261.2
Current portion of long-term debt 102.4 9.5
Other current liabilities 458.9 454.8
Total current liabilities 906.8 791.5
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 2,165.7 1,438.4
Other non-current liabilities 157.3 139.2
Total liabilities 3,229.8 2,369.1
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common shares, $0.001 par value; 1.0 billion shares authorized; 82.3 million (2017) and 93.1 million (2016) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 407.3 467.6
Accumulated other comprehensive loss (165.4) (205.1)
Accumulated deficit (248.1) (66.3)
Treasury stock, at cost, 5.0 million shares (2017) (328.6)  
Total shareholders’ (deficit) equity (334.7) 196.3
Total liabilities and shareholders’ (deficit) equity $ 2,895.1 $ 2,565.4