v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 376.1 $ 373.2
Restricted cash 0.4 0.4
Accounts receivable, net 744.6 664.6
Unbilled receivables 159.0 140.8
Inventories, net 1,196.4 1,195.6
Deferred charges and prepaid expenses 50.8 39.5
Other current assets 89.5 102.8
Total Current Assets 2,616.8 2,516.9
Property, Plant and Equipment, net 1,317.7 1,306.9
Other Assets    
Goodwill 1,417.0 1,383.3
Other intangible assets, net 1,011.7 1,006.5
Operating lease assets 135.4 130.6
Deferred income taxes 42.8 41.0
Other non-current assets 29.0 25.8
Total Other Assets 2,635.9 2,587.2
Total Assets 6,570.4 6,411.0
Current Liabilities    
Accounts payable, trade 338.5 321.7
Short-term debt, including current portion of long-term debt 21.7 13.0
Salaries, wages and benefits 126.1 142.2
Income taxes payable 26.0 24.4
Other current liabilities 319.4 319.2
Total Current Liabilities 831.7 820.5
Non-Current Liabilities    
Long-term debt 2,105.4 2,049.7
Accrued pension benefits 142.5 157.7
Accrued postretirement benefits 29.7 29.8
Long-term operating lease liabilities 88.8 84.0
Deferred income taxes 172.2 175.0
Other non-current liabilities 111.1 110.2
Total Non-Current Liabilities 2,649.7 2,606.4
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2025 – 79,549,446 shares; 2024 – 79,173,667 shares) Stated capital 40.7 40.7
Other paid-in capital 1,277.1 1,269.3
Retained earnings 2,542.0 2,488.8
Accumulated other comprehensive loss (238.9) (301.7)
Treasury shares at cost (2025 – 9,586,404 shares; 2024 – 9,174,863 shares) (703.2) (670.6)
Total Shareholders’ Equity 2,917.7 2,826.5
Noncontrolling Interest 171.3 157.6
Total Equity 3,089.0 2,984.1
Total Liabilities and Equity $ 6,570.4 $ 6,411.0