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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 544.6 $ 393.9
Accounts receivable, net 439.5 555.1
Current insurance receivable - asbestos 14.1 14.1
Inventories, net:    
Finished goods 134.1 130.6
Finished parts and subassemblies 62.2 66.1
Work in process 45.1 47.7
Raw materials 214.6 212.9
Inventories, net 456.0 457.3
Other current assets 167.9 79.5
Total current assets 1,622.1 1,499.9
Property, plant and equipment:    
Cost 1,266.2 1,256.9
Less: accumulated depreciation 670.6 640.6
Property, plant and equipment, net 595.6 616.3
Long-term insurance receivable - asbestos 74.5 83.6
Long-term deferred tax assets 7.0 35.1
Other assets 207.1 211.3
Intangible assets, net 526.9 505.1
Goodwill 1,589.8 1,472.4
Total assets 4,623.0 4,423.7
Current liabilities:    
Short-term borrowings 481.4 149.4
Accounts payable 225.8 311.1
Current asbestos liability 65.0 65.0
Accrued liabilities 361.7 378.2
U.S. and foreign taxes on income 9.2 13.0
Total current liabilities 1,143.1 916.7
Long-term debt 842.7 842.0
Accrued pension and postretirement benefits 283.1 298.4
Long-term deferred tax liability 54.4 55.8
Long-term asbestos liability 614.2 646.6
Other liabilities 176.4 187.9
Total liabilities 3,113.9 2,947.4
Commitments and contingencies
Equity:    
Preferred shares, par value $0.01; 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 72.4 72.4
Capital surplus 324.5 315.6
Retained earnings 2,171.1 2,112.2
Accumulated other comprehensive loss (460.1) (483.7)
Treasury stock (601.4) (542.8)
Total shareholders’ equity 1,506.5 1,473.7
Noncontrolling interests 2.6 2.6
Total equity 1,509.1 1,476.3
Total liabilities and equity $ 4,623.0 $ 4,423.7
Share data:    
Common shares issued (in shares) 72,426,139 72,426,139
Less: Common shares held in treasury (in shares) 14,318,093 13,423,934
Common shares outstanding (in shares) 58,108,046 59,002,205