CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 250.3	$ 479.8
Receivables, net	1,503.2	1,456.1
Unbilled receivables, net	698.2	702.7
Inventories	2,515.9	2,375.0
Income taxes receivable	49.8	52.4
Other current assets	89.0	102.5
Total current assets	5,106.4	5,168.5
Property, plant and equipment, net	1,248.8	1,271.2
Goodwill	1,442.7	1,448.1
Purchased intangible assets, net	718.9	734.8
Deferred income taxes	196.1	201.0
Deferred contract costs	813.4	825.5
Other non-current assets	434.8	423.3
Total assets	9,961.1	10,072.4
Current liabilities:
Revolving credit facilities and current maturities of long-term debt	546.2	0.6
Accounts payable	992.5	1,074.2
Customer advances	814.8	737.1
Payroll-related obligations	178.3	218.4
Income taxes payable	96.6	141.3
Other current liabilities	497.0	492.8
Total current liabilities	3,125.4	2,664.4
Long-term debt, less current maturities	600.6	1,100.3
Non-current customer advances	1,203.4	1,222.7
Deferred income taxes	24.5	25.7
Other non-current liabilities	540.9	528.8
Commitments and contingencies
Shareholders’ equity:
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding)	0.0	0.0
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued)	0.7	0.7
Additional paid-in capital	853.3	866.3
Retained earnings	4,891.3	4,883.8
Accumulated other comprehensive income (loss)	(5.6)	6.4
Common Stock in treasury, at cost (12,595,098 and 12,511,995 shares, respectively)	(1,273.4)	(1,226.7)
Total shareholders’ equity	4,466.3	4,530.5
Total liabilities and shareholders’ equity	$ 9,961.1	$ 10,072.4

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.