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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 42.8 $ 71.7
Trade receivables, net of allowances 213.3 200.5
Contract assets 66.3 65.1
Inventories 237.2 239.8
Other current assets 77.5 75.8
Current assets held for sale 249.7 216.1
Total current assets 886.8 869.0
Property, plant and equipment, net of accumulated depreciation of $315.8 and $306.0 respectively 246.6 245.4
Goodwill 776.1 770.1
Intangible assets, net 410.3 430.1
Other assets 182.6 183.1
Non-current assets held for sale 85.4 85.8
Total Assets 2,587.8 2,583.5
Current Liabilities:    
Short-term debt 0.9 0.6
Accounts payable, trade and other 137.4 170.6
Advance and progress payments 192.1 173.7
Other current liabilities 149.9 157.8
Current liabilities held for sale 129.7 117.8
Total current liabilities 610.0 620.5
Long-term debt 949.6 977.3
Accrued pension and other postretirement benefits, less current portion 28.7 32.0
Other liabilities 65.9 79.9
Non-current liabilities held for sale 12.4 11.1
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2023 or 2022 0.0 0.0
Common stock, $0.01 par value; 120,000,000 shares authorized; June 30, 2023: 31,861,680 issued, and 31,837,364 outstanding; December 31, 2022: 31,861,680 issued, and 31,803,721 outstanding $ 0.3 $ 0.3
Common stock held in treasury (in shares) 24,316 57,959
Common stock held in treasury, at cost June 30, 2023: 24,316 shares; December 31, 2022: 57,959 shares $ (2.2) $ (5.3)
Additional paid-in capital 221.3 220.7
Retained earnings 901.5 851.3
Accumulated other comprehensive loss (199.7) (204.3)
Total stockholders' equity 921.2 862.7
Total Liabilities and Stockholders' Equity $ 2,587.8 $ 2,583.5