v3.26.1
CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Current assets:      
Cash and cash equivalents $ 231.4 $ 233.8  
Accounts receivable, net of allowance for credit losses of $11.2 as of June 30, 2026 and $8.9 as of December 31, 2025 406.9 351.8  
U.S. and foreign taxes on income 18.9   $ 12.7
Inventories, net      
Finished goods 65.8 26.6  
Finished parts and subassemblies 30.5 23.8  
Work in process 31.6 29.4  
Raw materials 110.6 89.7  
Inventories, net: 238.5 169.5  
Other current assets 84.8 85.1  
Total current assets 980.5 852.9  
Property, plant and equipment, net      
Cost 716.9 688.9  
Less: accumulated depreciation 398.5 385.1  
Property, plant and equipment, net 318.4 303.8  
Long-term deferred tax assets 13.0 2.5  
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 8.2 139.4  
Intangible assets, net 745.7 557.2  
Goodwill 1,436.0 1,164.0  
Other assets 93.3 96.6  
Total assets 3,595.1 3,116.4  
Current liabilities:      
Short-term borrowings 193.9 135.1  
Accounts payable 118.8 132.3  
Contract liabilities 158.7 87.3  
Accrued liabilities 199.5 185.7  
U.S. and foreign taxes on income 21.9 28.7  
Total current liabilities 692.8 569.1  
Long-term debt 1,260.0 1,004.4  
Accrued pension and postretirement benefits 28.7 19.1  
Long-term deferred tax liability 204.8 151.0  
Other liabilities 123.0 116.0  
Total liabilities 2,309.3 1,859.6  
Commitments and contingencies (Note 11)  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 20.7 6.9  
Equity:      
Preferred shares, par value $0.01; 5,000,000 shares authorized 0.0 0.0  
Common shares, par value $1.00; 200,000,000 shares authorized 72.4 72.4  
Capital surplus 1,712.1 1,716.5  
Retained earnings 395.6 374.5  
Accumulated other comprehensive loss (112.6) (99.9)  
Treasury stock (801.2) (810.5)  
Total shareholders’ equity 1,266.3 1,253.0  
Nonredeemable noncontrolling interests (1.2) (3.1)  
Total equity 1,265.1 1,249.9 $ 1,176.7
Total liabilities, redeemable noncontrolling interests, and equity $ 3,595.1 $ 3,116.4  
Share data:      
Common shares issued (in shares) 72,441,647 72,441,647  
Less: Common shares held in treasury (in shares) 14,884,688 15,000,106  
Common shares outstanding (in shares) 57,556,959 57,441,541