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Condensed Consolidated Balance Sheets (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 17.8 $ 54.5
Receivables, less allowances for expected losses of $15.9 in 2022 (2021 - $12.7) 273.4 199.1
Prepaid expenses and other current assets 27.2 23.5
Assets held for sale 0.0 2.6
Total current assets 318.4 279.7
Property, plant and equipment, net 20.8 18.7
Operating lease right-of-use assets 40.8 42.6
Software, net 69.5 63.7
Goodwill 409.6 410.0
Other intangible assets, net [1] 8.2 8.7
Deferred income taxes, net 32.2 31.7
Other noncurrent assets 25.7 28.2
Total assets 925.2 [2] 883.3
LIABILITIES    
Accounts payable 60.7 36.3
Operating lease liabilities 17.6 17.9
Accrued liabilities 158.1 207.2
Total current liabilities 236.4 261.4
Long-term debt 234.1 124.0
Deferred compensation liabilities 18.7 19.8
Pension and other postretirement benefits plan liabilities 37.8 40.6
Noncurrent operating lease liabilities 36.0 39.4
Other noncurrent liabilities 20.8 21.1
Total liabilities 583.8 506.3
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: 36.9 shares and 30.3 shares in 2022 (2021 - 35.9 shares and 33.0 shares) 0.4 0.4
Treasury stock, at cost: 6.6 shares in 2022 (2021 - 2.9 shares) (175.6) (57.1)
Additional paid-in capital 270.2 260.6
Retained earnings 323.8 251.4
Accumulated other comprehensive loss (77.4) (78.3)
Total equity 341.4 377.0
Total liabilities and equity $ 925.2 $ 883.3
[1] The weighted-average remaining useful life of the unamortized intangible assets as of June 30, 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.