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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 150.8 $ 187.9
Accounts receivable, net 191.3 186.3
Inventories, net:    
Raw materials 93.5 90.2
Work-in-process 60.9 56.0
Finished products 137.8 121.7
Total inventories, net 292.2 267.9
Prepaid and other current assets 56.4 62.8
Total current assets 690.7 704.9
Property and equipment, net 253.9 260.8
Goodwill 527.8 535.1
Intangible assets, net 313.4 332.4
Other noncurrent assets 32.7 25.6
Total assets 1,818.5 1,858.8
Current liabilities:    
Short-term borrowings 6.9 7.4
Long-term debt and capital lease obligations due within one year 0.1 9.4
Accounts payable 123.9 121.6
Advanced billings and deposits 62.9 62.8
Accrued salaries, wages and other compensation 23.6 29.7
Other current liabilities 78.6 75.7
Total current liabilities 296.0 306.6
Long-term debt and capital lease obligations 877.4 916.4
Deferred income tax liabilities 60.3 60.4
Accrued pension liabilities 29.9 30.9
Other noncurrent accrued liabilities 22.4 23.8
Total liabilities 1,286.0 1,338.1
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; 70,495,120 and 69,644,918 0.7 0.7
Capital in excess of par value 685.7 675.9
Retained deficit (49.7) (70.5)
Accumulated other comprehensive loss (104.2) (85.4)
Total shareholders’ equity 532.5 520.7
Total liabilities and shareholders’ equity $ 1,818.5 $ 1,858.8