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Consolidated and Combined Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 240.4 $ 99.4
Receivables, net of allowance for doubtful accounts of $2.3 and $8.7 200.0 291.4
Inventories:    
Raw materials and supplies 134.8 128.4
Work in process 41.7 33.3
Finished goods 106.8 90.8
Total inventory 283.3 252.5
Other 33.5 24.1
Total current assets 757.2 667.4
Property, plant, and equipment, net 816.2 803.0
Goodwill 621.9 615.2
Deferred income taxes 14.3 6.9
Other assets 92.9 79.7
Assets 2,302.5 2,172.2
Liabilities, Current [Abstract]    
Accounts payable 90.0 86.2
Accrued liabilities 119.4 99.9
Advance billings 70.9 21.6
Current portion of long-term debt 3.7 1.8
Total current liabilities 284.0 209.5
Debt 103.6 183.7
Deferred income taxes 66.4 58.3
Other liabilities 58.1 36.2
Total liabilities 512.1 487.7
Stockholders’ equity:    
Common stock, $0.01 par value – 200.0 shares authorized at December 31, 2019; 200.0 at December 31, 2018; 48.3 shares issued and outstanding at December 31, 2019; 48.8 at December 31, 2018 0.5 0.5
Capital in excess of par value 1,686.7 1,685.7
Retained earnings 122.9 19.5
Accumulated other comprehensive loss (19.7) (17.7)
Treasury stock – 0.0 shares at December 31, 2019; 0.1 at December 31, 2018 0.0 (3.5)
Total stockholders' equity 1,790.4 1,684.5
Total liabilities and stockholders' equity $ 2,302.5 $ 2,172.2