v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 410.2 $ 364.4
Restricted cash 1.1 1.0
Accounts receivable, less allowances (2026 - $13.0 million; 2025 - $12.3 million) 785.3 689.4
Unbilled receivables 156.6 137.6
Inventories, net 1,254.6 1,243.3
Deferred charges and prepaid expenses 52.0 45.7
Other current assets 111.6 119.4
Total Current Assets 2,771.4 2,600.8
Property, Plant and Equipment, net 1,277.9 1,357.6
Other Assets    
Goodwill 1,512.3 1,486.4
Other intangible assets, net 928.8 1,002.3
Operating lease assets 149.3 152.9
Deferred income taxes 37.7 53.2
Other non-current assets 26.7 23.6
Total Other Assets 2,654.8 2,718.4
Total Assets 6,704.1 6,676.8
Current Liabilities    
Accounts payable, trade 349.1 353.2
Short-term debt, including current portion of long-term debt 189.5 38.9
Salaries, wages and benefits 172.2 157.5
Income taxes payable 16.0 31.4
Other current liabilities 357.7 341.1
Total Current Liabilities 1,084.5 922.1
Non-Current Liabilities    
Long-term debt 1,745.2 1,883.1
Accrued pension benefits 131.8 148.9
Accrued postretirement benefits 29.2 29.3
Long-term operating lease liabilities 93.9 100.8
Deferred income taxes 154.1 146.7
Other non-current liabilities 99.0 100.2
Total Non-Current Liabilities 2,253.2 2,409.0
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2026 – 80,061,466 shares; 2025 – 79,611,543 shares) 40.7 40.7
Other paid-in capital 1,326.1 1,299.5
Retained earnings 2,824.6 2,678.9
Accumulated other comprehensive loss (134.5) (96.5)
Treasury shares at cost (2026 – 11,129,596 shares; 2025 – 10,076,175 shares) (862.1) (738.0)
Total Shareholders’ Equity 3,194.8 3,184.6
Noncontrolling Interest 171.6 161.1
Total Equity 3,366.4 3,345.7
Total Liabilities and Equity $ 6,704.1 $ 6,676.8