v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 315.7 $ 506.5
Accounts receivable, net of allowance for doubtful accounts of $18.5 as of September 30, 2026 and $8.4 as of December 31, 2025 513.3 358.7
Inventories, net:    
Finished goods 87.5 58.6
Work in process 160.9 106.6
Raw materials 267.2 211.3
Inventories, net 515.6 376.5
Other current assets 141.1 106.4
Total current assets 1,485.7 2,571.4
Property, plant and equipment:    
Cost 838.2 746.0
Less: accumulated depreciation 459.1 467.2
Property, plant and equipment, net 379.1 278.8
Long-term deferred tax assets 7.9 3.5
Other assets 172.2 166.3
Intangible assets, net 635.5 149.5
Goodwill 1,315.7 683.9
Total assets 3,996.1 3,853.4
Current liabilities:    
Accounts payable 209.5 189.6
Accrued liabilities 336.1 269.3
U.S. and foreign taxes on income 5.8 6.3
Total current liabilities 568.3 465.2
Long-term debt, net 911.6 1,148.2
Accrued pension, postretirement benefits and post-employment benefits 41.1 43.0
Long-term deferred tax liability 105.8 45.9
Other liabilities 100.8 87.7
Total liabilities 1,727.6 1,790.0
Commitments and contingencies (Note 12)
Equity:    
Common shares, par value $1.00; 66,475,307 shares authorized; $57,833,158 and $57,607,816 shares issued and outstanding, respectively 57.8 57.6
Capital surplus 463.9 452.0
Retained earnings 1,747.7 1,531.5
Accumulated other comprehensive (loss) income (3.2) 20.0
Total shareholders’ equity 2,266.2 2,061.1
Noncontrolling interests 2.3 2.3
Total equity 2,268.5 2,063.4
Total liabilities and equity 3,996.1 3,853.4
Restricted Cash, Current 0.0 1,223.3
Short-term borrowings $ 16.9 $ 0.0