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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 147.8 $ 184.0
Accounts receivable, net 146.3 146.3
Inventories, net:    
Raw materials 80.1 73.2
Work-in-process 45.4 46.7
Finished products 126.1 118.6
Total inventories, net 251.6 238.5
Prepaid and other current assets 38.1 49.1
Current assets held for sale 16.2 36.9
Total current assets 600.0 654.8
Property and equipment, net 202.3 215.7
Operating lease right-of-use assets 38.7 0.0
Goodwill 502.5 513.2
Intangible assets, net 275.0 292.7
Other noncurrent assets 25.1 29.1
Noncurrent assets held for sale 0.0 27.0
Total assets 1,643.6 1,732.5
Current liabilities:    
Short-term borrowings 1.4 5.8
Accounts payable 98.8 116.8
Advanced billings and deposits 31.3 38.9
Accrued salaries, wages and other compensation 21.3 24.0
Other current liabilities 70.3 66.0
Current liabilities held for sale 0.0 14.9
Total current liabilities 223.1 266.4
Long-term debt 764.5 829.0
Deferred income tax liabilities 53.6 57.5
Accrued pension liabilities 25.3 27.6
Operating lease liabilities 30.7 0.0
Other noncurrent accrued liabilities 17.2 25.2
Total liabilities 1,114.4 1,205.7
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; 71,289,282 and 70,726,800 shares 0.7 0.7
Capital in excess of par value 707.1 693.5
Treasury stock - at cost; 542,874 and 272,662 shares as of March 31, 2019 and December 31, 2018, respectively (7.2) (3.5)
Retained earnings (deficit) 0.9 (29.0)
Accumulated other comprehensive loss (172.3) (134.9)
Total shareholders’ equity 529.2 526.8
Total liabilities and shareholders’ equity $ 1,643.6 $ 1,732.5