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Condensed Consolidated Balance Sheets (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 10.4 $ 54.5
Receivables, less allowances for expected losses of 14.5 in 2022 (2021 - $12.7) 218.8 199.1
Prepaid expenses and other current assets 32.4 23.5
Assets held for sale 2.6 2.6
Total current assets 264.2 279.7
Property, plant and equipment, net 18.4 18.7
Operating lease right-of-use assets 45.2 42.6
Software, net 66.5 63.7
Goodwill 409.9 410.0
Other intangible assets, net [1] 8.5 8.7
Deferred income taxes, net 31.7 31.7
Other noncurrent assets 27.2 28.2
Total assets 871.6 [2] 883.3
LIABILITIES    
Accounts payable 54.8 36.3
Operating lease liabilities 18.5 17.9
Accrued liabilities 129.7 207.2
Total current liabilities 203.0 261.4
Long-term debt 194.1 124.0
Deferred compensation liabilities 19.5 19.8
Pension and other postretirement benefits plan liabilities 39.3 40.6
Noncurrent operating lease liabilities 40.5 39.4
Other noncurrent liabilities 21.3 21.1
Total liabilities 517.7 506.3
Commitments and Contingencies (Note 7)
EQUITY    
Preferred stock, $0.01 par value; Authorized: 1.0 shares; Issued: None 0.0 0.0
Common stock, $0.01 par value; Authorized: 65.0 shares; Issued and outstanding: 36.8 shares and 32.4 shares in 2022 (2021 - 35.9 shares and 33.0 shares) 0.4 0.4
Treasury stock, at cost: 4.4 shares in 2022 (2021 - 2.9 shares) (111.1) (57.1)
Additional paid-in capital 264.4 260.6
Retained earnings 277.8 251.4
Accumulated other comprehensive loss (77.6) (78.3)
Total equity 353.9 377.0
Total liabilities and equity $ 871.6 $ 883.3
[1] The weighted-average remaining useful life of the unamortized intangible assets as of March 31, 2022 is approximately eleven years.
[2] Certain assets are recorded within a segment based on predominant usage, however, as they benefit more than one segment, the related operating expenses are allocated between segments.