v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 332.2 $ 306.7
Accounts receivable, net of allowance for doubtful accounts of $8.3 as of June 30, 2025 and $8.7 as of December 31, 2024 383.7 339.1
Inventories, net:    
Finished goods 73.7 64.2
Finished parts and subassemblies 51.0 50.7
Work in process 61.4 51.4
Raw materials 216.1 214.1
Inventories, net 402.2 380.4
Other current assets 127.5 159.1
Current assets held for sale 0.0 217.9
Total current assets 1,245.6 1,403.2
Property, plant and equipment:    
Cost 729.4 682.9
Less: accumulated depreciation 454.2 421.6
Property, plant and equipment, net 275.2 261.3
Long-term deferred tax assets 7.1 11.2
Other assets 147.7 144.7
Intangible assets, net 156.1 159.9
Goodwill 684.9 661.6
Total assets 2,516.6 2,641.9
Current liabilities:    
Total current maturities of long-term debt 47.2 0.0
Accounts payable 149.1 188.2
Accrued liabilities 224.4 303.2
U.S. and foreign taxes on income 4.8 7.9
Current liabilities held for sale 0.0 44.1
Total current liabilities 425.5 543.4
Long-term debt, net 0.0 247.0
Accrued pension and postretirement benefits 64.4 69.6
Long-term deferred tax liability 38.5 34.8
Other liabilities 99.6 106.1
Total liabilities 628.0 1,000.9
Commitments and contingencies (Note 12)
Equity:    
Common shares, par value $1.00; 66,475,307 shares authorized; $57,536,061 and $57,290,198 shares issued and outstanding, respectively 57.5 57.3
Capital surplus 440.4 425.5
Retained earnings 1,384.9 1,217.8
Accumulated other comprehensive income (loss) 3.5 (61.9)
Total shareholders’ equity 1,886.3 1,638.7
Noncontrolling interests 2.3 2.3
Total equity 1,888.6 1,641.0
Total liabilities and equity $ 2,516.6 $ 2,641.9