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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 87.4 $ 67.5
Accounts receivable, net 189.3 204.4
Inventories, net:    
Raw materials 84.8 81.1
Work-in-process 55.5 48.3
Finished products 112.2 109.5
Total inventories 252.5 238.9
Prepaid and other current assets 49.8 38.6
Total current assets 579.0 549.4
Property and equipment, net 217.8 221.8
Goodwill 534.4 530.1
Intangible assets, net 380.5 380.1
Other noncurrent assets 15.4 14.9
Total assets 1,727.1 1,696.3
Current liabilities:    
Short-term borrowings 7.8 7.4
Long-term debt and capital lease obligations due within one year 0.3 0.4
Accounts payable 79.5 79.2
Advanced billings and deposits 49.7 39.7
Accrued salaries, wages and other compensation 29.4 30.8
Accrued interest 4.9 13.9
Other current liabilities 57.9 52.5
Total current liabilities 229.5 223.9
Long-term debt and capital lease obligations 932.0 931.9
Deferred income tax liabilities 66.4 66.2
Accrued pension liabilities 25.8 25.2
Other noncurrent accrued liabilities 8.9 8.2
Total liabilities 1,262.6 1,255.4
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; 67,720,262 and 67,296,678 0.7 0.7
Capital in excess of par value 652.0 648.7
Retained deficit (89.6) (99.4)
Accumulated other comprehensive loss (98.6) (109.1)
Total shareholders’ equity 464.5 440.9
Total liabilities and shareholders’ equity $ 1,727.1 $ 1,696.3