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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 158.5 $ 128.7
Accounts receivable, less allowances of $8.2 and $8.5, respectively 188.4 215.1
Inventories — net 520.4 473.1
Notes receivable — net 12.8 13.6
Other current assets 30.6 35.5
Total current assets 910.7 866.0
Property, plant and equipment — net 286.3 294.3
Operating lease right-of-use assets 35.2 37.9
Goodwill 234.8 235.1
Other intangible assets — net 118.7 121.6
Other non-current assets 42.1 48.6
Total assets 1,627.8 1,603.5
Current Liabilities:    
Accounts payable and accrued expenses 378.7 329.4
Short-term borrowings and current portion of long-term debt 10.1 10.5
Product warranties 47.4 50.2
Customer advances 21.6 25.5
Other liabilities 20.6 20.2
Total current liabilities 478.4 435.8
Non-Current Liabilities:    
Long-term debt 300.1 300.4
Operating lease liabilities 26.1 28.4
Deferred income taxes 2.4 5.9
Pension obligations 88.0 89.3
Postretirement health and other benefit obligations 13.4 14.0
Long-term deferred revenue 32.6 32.4
Other non-current liabilities 53.8 53.8
Total non-current liabilities 516.4 524.2
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Preferred stock (3,500,000 shares authorized of $.01 par value; none outstanding)
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 34,734,972 and 34,580,638 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 596.4 595.1
Accumulated other comprehensive loss (108.1) (97.5)
Retained earnings 213.8 216.9
Treasury stock, at cost (6,059,011 and 6,213,345 shares, respectively) (69.5) (71.4)
Total stockholders' equity 633.0 643.5
Total liabilities and stockholders' equity $ 1,627.8 $ 1,603.5