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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 256.8 $ 343.4
Accounts receivable, net 573.8 515.8
Current insurance receivable - asbestos 16.0 16.0
Inventories, net:    
Finished goods 140.6 116.2
Inventory, Parts and Components, Net of Reserves 43.0 45.9
Work in process 60.8 55.4
Raw materials 196.2 194.0
Inventories, net 440.6 411.5
Other current assets 84.1 76.2
Total current assets 1,371.3 1,362.9
Property, plant and equipment:    
Cost 1,194.3 1,185.6
Less: accumulated depreciation 598.5 586.5
Property, plant and equipment, net 595.8 599.1
Long-term insurance receivable - asbestos 71.9 75.0
Long-term deferred tax assets 1.4 18.8
Other assets 219.3 101.4
Intangible assets, net 471.0 481.8
Goodwill 1,411.6 1,403.7
Total assets 4,142.3 4,042.7
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 63.1 6.9
Accounts payable 263.2 329.2
Current asbestos liability 66.0 66.0
Accrued liabilities 310.3 337.1
U.S. and foreign taxes on income 1.1 1.0
Total current liabilities 703.7 740.2
Long-term debt 940.2 942.3
Accrued pension and postretirement benefits 234.4 244.0
Long-term deferred tax liability 53.7 53.2
Long-term asbestos liability 438.5 451.3
Other liabilities 178.8 84.6
Total liabilities 2,549.3 2,515.6
Commitments and contingencies (Note 8)
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized 0.0 0.0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 299.2 303.5
Retained earnings 2,131.1 2,072.1
Accumulated other comprehensive loss (445.5) (447.6)
Treasury stock (466.6) (476.2)
Total shareholders' equity 1,590.6 1,524.2
Noncontrolling interests 2.4 2.9
Total equity 1,593.0 1,527.1
Total liabilities and equity $ 4,142.3 $ 4,042.7
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (12,538,039) (12,917,713)
Common stock outstanding 59,888,100 59,508,426