CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 363.5	$ 346.3
Current insurance receivable — asbestos	20.5	20.5
Accounts receivable, net	397.6	410.9
Inventories	376.9	369.7
Current deferred tax assets	27.5	33.0
Other current assets	17.5	14.8
Total current assets	1,203.5	1,195.2
Property, plant and equipment, net	276.0	290.3
Insurance receivable — asbestos	108.7	126.8
Long-term deferred tax assets	162.4	196.2
Other assets	106.0	97.5
Intangible assets, net	317.1	353.5
Goodwill	1,167.9	1,191.3
Total assets	3,341.6	3,450.8
Current liabilities:
Short-term borrowings	49.6	100.8
Accounts payable	223.3	228.8
Current asbestos liability	75.0	79.0
Accrued liabilities	218.6	225.8
U.S. and foreign taxes on income	6.3	5.6
Total current liabilities	572.8	640.0
Long-term debt	749.3	749.2
Accrued pension and postretirement benefits	235.4	278.3
Long-term deferred tax liability	50.0	46.3
Long-term asbestos liability	470.5	534.5
Other liabilities	$ 112.8	$ 131.9
Commitments and Contingencies (Note 10)
Equity:
Preferred shares, par value $.01; 5,000,000 shares authorized	$ 0.0	$ 0.0
Common shares, par value $1.00; 200,000,000 shares authorized; 72,426,139 shares issued; 58,109,037 shares outstanding (58,121,791 in 2014)	72.4	72.4
Capital surplus		249.2
Retained earnings	1,674.3	1,522.1
Accumulated other comprehensive loss	(376.7)	(298.8)
Treasury stock; 14,317,102 treasury shares (14,304,348 in 2014)	(494.2)	(485.1)
Total shareholders’ equity	1,139.4	1,059.8
Noncontrolling interest	11.4	10.8
Total equity	1,150.8	1,070.6
Total liabilities and equity	$ 3,341.6	$ 3,450.8