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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 116.9 $ 131.7
Accounts receivable, less allowance for credit losses of $1.0 and $1.1 159.2 161.9
Contract assets 40.3 45.2
Inventories, net 150.9 153.5
Asbestos-related insurance receivables, current portion 4.3 4.3
Other current assets 29.8 30.3
Total current assets 501.4 526.9
Property, plant and equipment, net of accumulated depreciation of $386.2 and $385.7 363.4 366.3
Operating lease right-of-use assets 18.6 18.9
Goodwill 357.2 359.8
Other intangible assets, net of amortization 120.3 123.9
Asbestos-related insurance receivables, non-current portion 52.2 52.2
Investments in unconsolidated joint ventures 10.9 11.1
Deferred income taxes 55.7 49.7
Other long-term assets 8.3 8.4
Total assets 1,488.0 1,517.2
Current liabilities    
Accounts payable 51.7 50.3
Accrued employee benefits and compensation 29.5 31.1
Accrued income taxes payable 7.3 2.0
Operating lease obligations, current portion 3.8 3.5
Asbestos-related liabilities, current portion $ 5.5 $ 5.5
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Other accrued liabilities $ 19.2 $ 24.0
Total current liabilities 117.0 116.4
Borrowings under revolving credit facility 0.0 30.0
Operating lease obligations, non-current portion 15.1 15.4
Asbestos-related liabilities, non-current portion 56.0 56.0
Non-current income tax 7.2 7.2
Deferred income taxes 22.7 22.9
Other long-term liabilities 10.2 10.3
Commitments and contingencies (Note 6 and Note 10)
Shareholders’ equity    
Capital stock - $1 par value; 50.0 authorized shares; 18.7 and 18.6 shares issued and outstanding 18.7 18.6
Additional paid-in capital 153.8 151.8
Retained earnings 1,162.8 1,155.0
Accumulated other comprehensive loss (75.5) (66.4)
Total shareholders' equity 1,259.8 1,259.0
Total liabilities and shareholders' equity $ 1,488.0 $ 1,517.2