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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 103.9 $ 128.4
Restricted cash 0.3 0.3
Accounts receivable, less allowance of $3.8 and $4.0 at June 30, 2018 and December 31, 2017, respectively 125.4 83.7
Inventories — net 198.0 152.3
Prepaids and other current assets 28.6 19.0
Total current assets 456.2 383.7
Property, plant and equipment — net 115.5 112.2
Goodwill 936.7 846.1
Other intangible assets — net 565.8 461.4
Other non-current assets 37.1 37.0
Total assets 2,111.3 1,840.4
Current liabilities:    
Accounts payable 125.7 103.6
Accrued expenses and other liabilities 139.6 161.7
Short-term borrowings 30.0 0.0
Current portion of capital leases 0.6 0.7
Product warranties 26.9 24.1
Total current liabilities 322.8 290.1
Long-term debt and capital leases 1,407.8 1,232.2
Deferred income taxes 120.7 92.3
Pension and postretirement health obligations 44.7 48.3
Other long-term liabilities 74.5 67.1
Total non-current liabilities 1,647.7 1,439.9
Commitments and contingencies (Note 13)
Total equity:    
Common stock ($0.01 par value, 300,000,000 shares authorized, 140,097,126 shares and 139,491,860 shares issued and 140,097,126 shares and 139,440,470 shares outstanding at June 30, 2018 and December 31, 2017, respectively) 1.4 1.4
Additional paid-in capital (deficit) (52.9) (63.3)
Retained earnings 230.2 204.5
Accumulated other comprehensive loss (37.7) (32.0)
Treasury stock, at cost, 52,617 shares and 51,390 shares, respectively (0.2) (0.2)
Total equity 140.8 110.4
Total liabilities and equity $ 2,111.3 $ 1,840.4