CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 509.7	$ 363.5
Current insurance receivable — asbestos	18.0	20.5
Accounts receivable, net	396.4	397.6
Inventories	342.5	376.9
Current deferred tax assets	29.6	27.5
Other current assets	19.5	17.5
Total current assets	1,315.7	1,203.5
Property, plant and equipment, net	278.9	276.0
Insurance receivable — asbestos	125.2	108.7
Long-term deferred tax assets	181.8	162.4
Other assets	95.0	101.3
Intangible assets, net	282.2	317.1
Goodwill	1,149.2	1,167.9
Total assets	3,428.0	3,336.9
Current liabilities:
Short-term borrowings	0.0	49.6
Accounts payable	223.2	223.3
Current asbestos liability	71.0	75.0
Accrued liabilities	223.1	218.6
U.S. and foreign taxes on income	3.5	6.3
Total current liabilities	520.8	572.8
Long-term debt	745.3	744.6
Accrued pension and postretirement benefits	249.1	235.4
Long-term deferred tax liability	42.4	50.0
Long-term asbestos liability	624.9	470.5
Other liabilities	99.8	112.8
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		263.6
Retained earnings	1,719.9	1,674.3
Accumulated other comprehensive loss	(476.1)	(376.7)
Treasury stock; 14,317,102 treasury shares (14,304,348 in 2014)	(459.3)	(494.2)
Total shareholders’ equity	1,133.8	1,139.4
Noncontrolling interest	11.9	11.4
Total equity	1,145.7	1,150.8
Total liabilities and equity	$ 3,428.0	$ 3,336.9