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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 75.4 $ 39.5
Trade receivables, net of allowances 258.1 288.9
Contract assets 80.6 74.4
Inventories 237.2 245.0
Other current assets 51.7 60.4
Total current assets 703.0 708.2
Property, plant and equipment, net of accumulated depreciation of $303.9 and $308.2, respectively 261.3 265.6
Goodwill 519.8 528.9
Intangible assets, net 311.4 325.9
Other assets 88.7 86.3
Total Assets 1,884.2 1,914.9
Current Liabilities:    
Short-term debt and current portion of long-term debt 0.3 0.9
Accounts payable, trade and other 159.2 198.6
Advance and progress payments 102.5 107.0
Accrued payroll 37.4 54.0
Other current liabilities 112.7 114.0
Total current liabilities 412.1 474.5
Long-term debt, less current portion 733.6 698.3
Accrued pension and other postretirement benefits, less current portion 71.4 73.9
Other liabilities 96.4 98.7
Commitments and contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2020 or 2019 0.0 0.0
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2020: 31,741,607 issued and 31,667,024 outstanding and December 31, 2019: 31,741,607 issued and 31,666,654 outstanding 0.3 0.3
Common stock held in treasury, at cost March 31, 2020: 74,580 shares and December 31, 2019: 74,953 shares (12.6) (12.6)
Additional paid-in capital 244.3 241.8
Retained earnings 557.6 532.8
Accumulated other comprehensive loss (218.9) (192.8)
Total stockholders' equity 570.7 569.5
Total Liabilities and Stockholders' Equity $ 1,884.2 $ 1,914.9