CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 229.3	$ 329.6
Accounts receivable, net of allowance for doubtful accounts of $7.5 as of June 30, 2024 and $8.4 as of December 31, 2023	370.9	306.4
Inventories, net:
Finished goods	65.7	67.0
Finished parts and subassemblies	51.3	49.9
Work in process	53.1	40.6
Raw materials	219.5	195.6
Inventories, net	389.6	353.1
Other current assets	119.4	101.7
Total current assets	1,109.2	1,090.8
Property, plant and equipment:
Cost	778.5	776.3
Less: accumulated depreciation	504.9	505.8
Property, plant and equipment, net	273.6	270.5
Long-term deferred tax assets	2.5	2.7
Other assets	141.3	134.0
Intangible assets, net	156.0	87.9
Goodwill	824.1	747.7
Total assets	2,506.7	2,333.6
Current liabilities:
Short-term borrowings	130.0	0.0
Accounts payable	157.4	179.1
Accrued liabilities	229.3	273.7
U.S. and foreign taxes on income	3.9	14.3
Total current liabilities	520.6	467.1
Long-term debt, net	246.9	248.5
Accrued pension and postretirement benefits	102.1	115.0
Long-term deferred tax liability	49.1	37.1
Other liabilities	112.3	105.6
Total liabilities	1,031.0	973.3
Commitments and contingencies (Note 12)
Equity:
Common shares, par value $1.00; 66,475,307 shares authorized; $57,186,163 and $56,919,443 shares issued and outstanding, respectively	57.2	56.9
Capital surplus	410.0	398.2
Retained earnings	1,073.7	960.7
Accumulated other comprehensive loss	(67.6)	(58.0)
Total shareholders’ equity	1,473.3	1,357.8
Noncontrolling interests	2.4	2.5
Total equity	1,475.7	1,360.3
Total liabilities and equity	$ 2,506.7	$ 2,333.6