XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 220.6 $ 227.2
Accounts receivable, net of allowance for credit losses of $13.8 as of March 31, 2024 and $11.8 as of December 31, 2023 182.8 214.9
Inventories, net:    
Finished goods 43.5 35.6
Finished parts and subassemblies 22.7 22.7
Work in process 12.9 6.4
Raw materials 87.0 92.4
Inventories, net 166.1 157.1
Other current assets 59.6 45.2
Total current assets 629.1 644.4
Property, plant and equipment:    
Cost 561.7 564.1
Less: accumulated depreciation 307.0 302.9
Property, plant and equipment, net 254.7 261.2
Long-term deferred tax assets 2.7 2.7
Intangible assets, net 297.0 308.9
Goodwill 830.1 841.2
Other assets 85.1 71.0
Total assets 2,098.7 2,129.4
Current liabilities:    
Short-term borrowings 30.2 4.6
Accounts payable 84.1 106.5
Accrued liabilities 169.9 210.5
U.S. and foreign taxes on income 12.7 12.8
Total current liabilities 296.9 334.4
Long-term debt 639.6 640.3
Accrued pension and postretirement benefits 21.8 22.5
Long-term deferred tax liability 103.7 104.5
Other liabilities 72.6 63.7
Total liabilities 1,134.6 1,165.4
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 72.4
Capital surplus 1,715.5 1,728.1
Retained earnings 149.6 120.9
Accumulated other comprehensive loss (145.7) (118.6)
Treasury stock (827.7) (838.8)
Total equity 964.1 964.0
Total liabilities and equity $ 2,098.7 $ 2,129.4
Share data:    
Common shares issued (in shares) 72,441,647 72,441,647
Less: Common shares held in treasury (in shares) 15,325,969 15,544,190
Common shares outstanding (in shares) 57,115,678 56,897,457