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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 323.6 $ 706.2
Accounts receivable, net 565.0 418.4
Current insurance receivable - asbestos 25.0 25.0
Inventories, net:    
Finished goods 137.8 101.1
Finished parts and subassemblies 49.3 46.1
Work in process 61.3 51.6
Raw materials 163.6 150.5
Inventories, net 412.0 349.3
Other current assets 77.6 19.6
Total current assets 1,403.2 1,518.5
Property, plant and equipment:    
Cost 1,169.7 839.4
Less: accumulated depreciation 575.2 557.0
Property, plant and equipment, net 594.5 282.4
Long-term insurance receivable - asbestos 72.8 90.1
Long-term deferred tax assets 16.6 104.2
Other assets 123.8 114.6
Intangible assets, net 492.1 276.8
Goodwill 1,407.0 1,206.9
Total assets 4,110.0 3,593.5
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 106.3 249.4
Accounts payable 268.4 247.4
Current asbestos liability 85.0 85.0
Accrued liabilities 365.0 252.1
U.S. and foreign taxes on income 9.9 3.6
Total current liabilities 834.6 837.5
Long-term debt 937.5 494.1
Accrued pension and postretirement benefits 209.4 240.5
Long-term deferred tax liability 42.8 44.9
Long-term asbestos liability 456.5 520.3
Other liabilities 99.7 107.7
Total liabilities 2,580.5 2,245.0
Commitments and contingencies (Note 8)
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized 0.0 0.0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 298.1 291.7
Retained earnings 2,003.7 1,813.3
Accumulated other comprehensive loss (393.0) (380.1)
Treasury stock (454.8) (452.1)
Total shareholders' equity 1,526.4 1,345.2
Noncontrolling interests 3.1 3.3
Total equity 1,529.5 1,348.5
Total liabilities and equity $ 4,110.0 $ 3,593.5
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (12,693,088) (13,014,503)
Common stock outstanding 59,733,051 59,411,636