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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 87.9 $ 130.2
Accounts receivable, net 188.6 182.3
Inventories, net:    
Raw materials 85.2 81.3
Work-in-process 64.2 52.6
Finished products 119.8 115.6
Total inventories, net 269.2 249.5
Prepaid and other current assets 44.9 46.3
Total current assets 590.6 608.3
Property and equipment, net 249.8 243.7
Goodwill 514.3 507.9
Intangible assets, net 339.4 341.8
Other noncurrent assets 20.1 20.3
Total assets 1,714.2 1,722.0
Current liabilities:    
Short-term borrowings 7.0 7.0
Long-term debt and capital lease obligations due within one year 9.5 0.3
Accounts payable 95.5 92.5
Advanced billings and deposits 62.9 52.7
Accrued salaries, wages and other compensation 22.5 26.7
Accrued interest 0.4 13.9
Other current liabilities 59.4 59.7
Total current liabilities 257.2 252.8
Long-term debt and capital lease obligations 922.8 934.1
Deferred income tax liabilities 65.8 64.4
Accrued pension liabilities 28.8 27.8
Other noncurrent accrued liabilities 8.6 8.0
Total liabilities 1,283.2 1,287.1
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; 69,089,665 and 68,473,561 0.7 0.7
Capital in excess of par value 665.6 661.0
Retained deficit (96.2) (68.9)
Accumulated other comprehensive loss (139.1) (157.9)
Total shareholders’ equity 431.0 434.9
Total liabilities and shareholders’ equity $ 1,714.2 $ 1,722.0