CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 706.2	$ 509.7
Current insurance receivable — asbestos	25.0	18.0
Accounts receivable, net	418.4	396.4
Inventories	349.3	342.5
Current deferred tax assets	0.0	29.6
Other current assets	19.6	19.5
Total current assets	1,518.5	1,315.7
Property, plant and equipment, net	282.4	278.9
Insurance receivable — asbestos	90.1	125.2
Long-term deferred tax assets	104.2	181.8
Other assets	114.6	95.0
Intangible assets, net	276.8	282.2
Goodwill	1,206.9	1,149.2
Total assets	3,593.5	3,428.0
Current liabilities:
Current maturities of long-term debt	249.4	0.0
Accounts payable	247.4	223.2
Current asbestos liability	85.0	71.0
Accrued liabilities	252.1	223.1
U.S. and foreign taxes on income	3.6	3.5
Total current liabilities	837.5	520.8
Long-term debt	494.1	745.3
Accrued pension and postretirement benefits	240.5	249.1
Long-term deferred tax liability	44.9	42.4
Long-term asbestos liability	520.3	624.9
Other liabilities	107.7	99.8
Commitments and contingencies (Note 11)
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; 59,411,636 shares outstanding (58,964,859 in 2016)	72.4	72.4
Capital surplus	291.7	276.9
Retained earnings	1,813.3	1,719.9
Accumulated other comprehensive loss	(380.1)	(476.1)
Treasury stock; 13,014,503 treasury shares (13,461,280 in 2016)	(452.1)	(459.3)
Total shareholders’ equity	1,345.2	1,133.8
Noncontrolling interest	3.3	11.9
Total equity	1,348.5	1,145.7
Total liabilities and equity	$ 3,593.5	$ 3,428.0