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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 45.7 $ 73.1
Trade receivables, net of allowances 287.4 299.0
Contract assets 96.4 89.6
Inventories 351.9 322.5
Other current assets 84.8 85.4
Total current assets 866.2 869.6
Property, plant and equipment, net of accumulated depreciation of $353.3 and $346.4 respectively 273.1 269.9
Goodwill 813.4 807.8
Intangible assets, net 436.3 445.4
Other assets 190.6 191.4
Total Assets 2,579.6 2,584.1
Current Liabilities:    
Short-term debt 0.8 0.6
Accounts payable, trade and other 215.3 237.0
Advance and progress payments 220.4 194.7
Other current liabilities 181.8 188.9
Total current liabilities 618.3 621.2
Long-term debt 956.5 977.3
Accrued pension and other postretirement benefits, less current portion 31.4 32.0
Other liabilities 82.4 90.9
Commitments and contingencies (Note 13)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2023 or 2022 0.0 0.0
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2023: 31,861,680 issued, and 31,820,355 outstanding; December 31, 2022: 31,861,680 issued, and 31,803,721 outstanding 0.3 0.3
Common stock held in treasury, at cost March 31, 2023: 41,325 shares; December 31, 2022: 57,959 shares (3.7) (5.3)
Additional paid-in capital 220.6 220.7
Retained earnings 873.7 851.3
Accumulated other comprehensive loss (199.9) (204.3)
Total stockholders' equity 891.0 862.7
Total Liabilities and Stockholders' Equity $ 2,579.6 $ 2,584.1