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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 902.2 $ 351.2
Receivables, net 612.7 682.5
Contract assets 84.5 100.5
Inventories, net 503.5 510.6
Prepaid expenses 37.0 30.5
Other current assets 69.4 76.7
Total current assets 2,209.3 1,752.0
Property, plant and equipment, net 774.1 783.5
Goodwill, net 1,738.2 1,716.3
Other intangible assets, net 1,034.8 1,140.6
Other long-term assets 110.0 103.6
Total assets 5,866.4 5,496.0
Current liabilities:    
Accounts payable 317.6 327.3
Accrued and other current liabilities 295.0 294.5
Contract liabilities 32.5 27.0
Current portion of debt 1.1 250.2
Total current liabilities 646.2 899.0
Long-term liabilities:    
Long-term debt, less current portion 2,080.2 1,341.4
Contract liabilities 235.8 220.4
Other long-term liabilities 366.5 392.4
Total long-term liabilities 2,682.5 1,954.2
Shareholders' equity:    
Preferred stock, $1 par value per share (5.0 shares authorized and unissued) 0.0 0.0
Common stock, $1 par value per share 200.0 shares authorized; 52.9 and 55.7 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 441.7 416.6
Treasury shares, at cost (25.5 and 22.7 shares, respectively) (1,814.4) (1,449.7)
Accumulated other comprehensive loss (97.0) (124.1)
Retained earnings 3,928.7 3,721.3
Total shareholders' equity 2,537.7 2,642.8
Total liabilities and equity $ 5,866.4 $ 5,496.0