CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 227.2	$ 230.7
Accounts receivable, net	214.9	205.1
Inventories, net	157.1	145.6
Other current assets	45.2	41.9
Total current assets	644.4	623.3
Property, plant and equipment, net	261.2	261.6
Long-term deferred tax assets	2.7	6.3
Intangible assets, net	308.9	344.9
Goodwill	841.2	836.6
Other assets	71.0	56.7
Total assets	2,129.4	2,129.4
Current liabilities:
Short-term borrowings	4.6	299.7
Accounts payable	106.5	109.6
Accrued liabilities	210.5	204.2
U.S. and foreign taxes on income	12.8	17.9
Total current liabilities	334.4	631.4
Long-term debt	640.3	545.1
Accrued pension and postretirement benefits	22.5	21.1
Long-term deferred tax liability	104.5	109.5
Other liabilities	63.7	38.5
Total liabilities	1,165.4	1,345.6
Commitments and contingencies (Note 12)
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; 56,897,457 shares outstanding as of December 31, 2023	72.4	0.0
Capital surplus	1,728.1	0.0
Retained earnings	120.9	0.0
Crane net investment	0.0	915.3
Accumulated other comprehensive loss	(118.6)	(131.5)
Treasury stock; 15,544,190 treasury shares as of December 31, 2023	(838.8)	0.0
Total equity	964.0	783.8
Total liabilities and equity	$ 2,129.4	$ 2,129.4