CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 276.9	$ 230.7
Accounts receivable, net of allowance for credit losses of $6.5 as of June 30, 2023 and $6.1 as of December 31, 2022	200.9	205.1
Inventories, net:
Finished goods	40.1	26.2
Finished parts and subassemblies	23.5	23.0
Work in process	12.6	12.7
Raw materials	97.6	83.7
Inventories, net	173.8	145.6
Other current assets	49.6	41.9
Total current assets	701.2	623.3
Property, plant and equipment:
Cost	531.4	521.5
Less: accumulated depreciation	280.1	259.9
Property, plant and equipment, net	251.3	261.6
Long-term deferred tax assets	4.3	6.3
Other assets	77.9	56.7
Intangible assets, net	325.0	344.9
Goodwill	835.3	836.6
Total assets	2,195.0	2,129.4
Current liabilities:
Short-term borrowings	9.4	299.7
Accounts payable	100.8	109.6
Accrued liabilities	198.5	204.2
U.S. and foreign taxes on income	8.2	17.9
Total current liabilities	316.9	631.4
Long-term debt	829.6	545.1
Accrued pension and postretirement benefits	20.4	21.1
Long-term deferred tax liability	105.1	109.5
Other liabilities	67.8	38.5
Total liabilities	1,339.8	1,345.6
Commitments and contingencies (Note 11)
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, 72,441,647 shares issued	72.4	0.0
Capital surplus	1,722.6	0.0
Retained earnings	35.3	0.0
Crane Net Investment	0.0	915.3
Accumulated other comprehensive loss	(130.7)	(131.5)
Treasury stock	(844.4)	0.0
Total equity	855.2	783.8
Total liabilities and equity	$ 2,195.0	$ 2,129.4
Share data:
Common shares issued (in shares)	72,441,647
Less: Common shares held in treasury (in shares)	15,647,379
Common shares outstanding (in shares)	56,794,268