v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current Assets:      
Cash and cash equivalents $ 211.0 $ 168.0 $ 100.0
Restricted cash 19.0 19.0 19.0
Trade receivables, net of allowances 438.0 443.0  
Contract assets 142.0 119.0  
Inventories 667.0 644.0  
Other current assets 198.0 190.0  
Total current assets 1,675.0 1,583.0  
Property, plant and equipment, net of accumulated depreciation of $403 and $392, respectively 779.0 793.0  
Goodwill 3,393.0 3,428.0  
Intangible assets, net 2,052.0 2,122.0  
Other assets 264.0 265.0  
Total Assets 8,163.0 8,191.0  
Short-term debt 411.0 412.0  
Current Liabilities:      
Accounts payable, trade and other 294.0 262.0  
Advance and progress payments 561.0 518.0  
Accrued payroll 154.0 170.0  
Other current liabilities 237.0 260.0  
Total current liabilities 1,657.0 1,622.0  
Long-term debt 1,432.0 1,470.0  
Deferred tax liabilities 379.0 383.0  
Other liabilities 212.0 252.0  
Commitments and contingencies (Note 13)  
Stockholders’ Equity:      
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2026 or 2025 0.0 0.0  
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2026: 52,050,109 issued and outstanding; December 31, 2025: 51,974,355 issued and outstanding 1.0 1.0  
Additional paid-in capital 2,715.0 2,717.0  
Retained earnings 1,505.0 1,465.0  
Accumulated other comprehensive income 262.0 281.0  
Total stockholders’ equity 4,483.0 4,464.0 $ 4,107.0
Total Liabilities and Stockholders’ Equity $ 8,163.0 $ 8,191.0