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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 78.5 $ 81.5
Accounts receivable, net 190.7 183.3
Inventories, net:    
Raw materials 89.2 84.5
Work-in-process 61.8 52.5
Finished products 103.3 101.1
Total inventories 254.3 238.1
Prepaid and other current assets 45.8 43.1
Total current assets 569.3 546.0
Property and equipment, net 215.2 216.9
Goodwill 540.6 548.6
Intangible assets, net 409.9 442.8
Other noncurrent assets 34.9 36.4
Total assets 1,769.9 1,790.7
Current liabilities:    
Short-term borrowings 7.7 9.2
Long-term debt and capital lease obligations due within one year 0.5 3.8
Accounts payable 90.9 89.9
Advanced billings and deposits 53.3 58.5
Accrued salaries, wages and other compensation 33.8 33.2
Accrued interest 14.0 16.2
Other current liabilities 64.9 60.2
Total current liabilities 265.1 271.0
Long-term debt and capital lease obligations 946.9 1,021.6
Deferred income tax liabilities 70.4 72.6
Accrued pension liabilities 27.1 29.0
Other noncurrent accrued liabilities 9.5 11.1
Total liabilities 1,319.0 1,405.3
Shareholders’ equity:    
Preferred stock - $0.01 par value, 50,000,000 shares authorized, none outstanding 0.0 0.0
Common stock - $0.01 par value, 500,000,000 shares authorized; 66,586,389 and 52,286,100 0.7 0.5
Capital in excess of par value 626.7 499.6
Retained deficit (103.7) (60.6)
Accumulated other comprehensive loss (72.8) (54.1)
Total shareholders’ equity 450.9 385.4
Total liabilities and shareholders’ equity $ 1,769.9 $ 1,790.7