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Condensed Consolidated Balance Sheets (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 28.8 $ 34.2
Receivables, less allowances for expected losses of $18.1 in 2023 (2022 - $17.1) 199.7 163.5
Prepaid expenses and other current assets 35.3 28.1
Assets held for sale 2.6 2.6
Total current assets 266.4 228.4
Property, plant and equipment, net 18.2 17.6
Operating lease right-of-use assets 30.0 33.3
Software, net 79.7 75.6
Goodwill 405.8 405.8
Other intangible assets, net 7.6 7.8
Deferred income taxes, net 36.2 33.4
Other noncurrent assets 27.4 26.4
Total assets 871.3 [1] 828.3
LIABILITIES    
Accounts payable 53.6 49.2
Operating lease liabilities 15.9 16.3
Accrued liabilities 132.2 159.3
Total current liabilities 201.7 224.8
Long-term debt 234.8 169.2
Deferred compensation liabilities 14.0 13.6
Pension and other postretirement benefits plans liabilities 42.1 42.9
Noncurrent operating lease liabilities 24.8 28.4
Other noncurrent liabilities 21.2 19.9
Total liabilities 538.6 498.8
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: 37.9 shares and 29.5 shares in 2023 (2022 - 36.9 shares and 28.9 shares) 0.4 0.4
Treasury stock, at cost: 8.4 shares in 2023 (2022 - 8.0 shares) (240.1) (221.8)
Additional paid-in capital 285.6 280.2
Retained earnings 369.7 353.9
Accumulated other comprehensive loss (82.9) (83.2)
Total equity 332.7 329.5
Total liabilities and equity $ 871.3 $ 828.3
[1] 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.