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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 552.6 $ 576.7
Receivables, net of allowance for credit losses of $4.8 million and $3.9 million, respectively 700.8 615.3
Inventories 399.8 361.7
Prepaid expenses 19.1 21.2
Other current assets 67.5 107.6
Assets held for sale 1,723.6 1,725.6
Total current assets 3,463.4 3,408.1
Property, plant, and equipment, net 653.7 655.2
Goodwill 1,199.3 1,202.5
Other intangible assets, net 1,226.8 1,252.9
Other long-term assets 102.7 101.3
Total assets 6,645.9 6,620.0
Current liabilities:    
Accounts payable 322.9 245.5
Current portion of debt 402.8 402.7
Accrued and other current liabilities 218.7 292.9
Contract liabilities 26.8 26.4
Liabilities held for sale 203.5 218.8
Total current liabilities 1,174.7 1,186.3
Long-term liabilities:    
Long-term debt, less current portion 1,886.9 1,886.7
Contract liabilities 302.5 297.6
Other long-term liabilities 422.5 420.4
Total long-term liabilities 2,611.9 2,604.7
Stockholders' 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; 47.6 and 47.7 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 562.8 553.8
Treasury shares, at cost (31.0 and 30.9 shares, respectively) (3,447.7) (3,326.4)
Accumulated other comprehensive loss (119.3) (111.1)
Retained earnings 5,784.8 5,634.0
Total stockholders' equity 2,859.3 2,829.0
Total liabilities and equity $ 6,645.9 $ 6,620.0