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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 388.8 $ 343.4
Accounts receivable, net 534.2 515.8
Current insurance receivable - asbestos 16.0 16.0
Inventories, net:    
Finished goods 130.3 116.2
Finished parts and subassemblies 42.6 45.9
Work in process 58.1 55.4
Raw materials 214.5 194.0
Inventories, net 445.5 411.5
Other current assets 72.4 76.2
Total current assets 1,456.9 1,362.9
Property, plant and equipment:    
Cost 1,205.0 1,185.6
Less: accumulated depreciation 623.2 586.5
Property, plant and equipment, net 581.8 599.1
Long-term insurance receivable - asbestos 60.9 75.0
Long-term deferred tax assets 3.4 18.8
Other assets 204.6 101.4
Intangible assets, net 445.4 481.8
Goodwill 1,405.5 1,403.7
Total assets 4,158.5 4,042.7
Current liabilities:    
Current maturities of long-term debt 7.4 6.9
Accounts payable 257.0 329.2
Current asbestos liability 66.0 66.0
Accrued liabilities 307.6 337.1
U.S. and foreign taxes on income 11.0 1.0
Total current liabilities 649.0 740.2
Long-term debt 934.9 942.3
Accrued pension and postretirement benefits 232.0 244.0
Long-term deferred tax liability 69.7 53.2
Long-term asbestos liability 408.2 451.3
Other liabilities 164.7 84.6
Total liabilities 2,458.5 2,515.6
Commitments and contingencies
Equity:    
Preferred shares, par value $0.01; 5,000,000 shares authorized 0.0 0.0
Common shares, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 310.1 303.5
Retained earnings 2,247.9 2,072.1
Accumulated other comprehensive loss (469.6) (447.6)
Treasury stock (463.3) (476.2)
Total shareholders’ equity 1,697.5 1,524.2
Noncontrolling interests 2.5 2.9
Total equity 1,700.0 1,527.1
Total liabilities and equity $ 4,158.5 $ 4,042.7
Share data:    
Common shares issued (in shares) 72,426,139 72,426,139
Less: Common shares held in treasury (in shares) (12,447,253) (12,917,713)
Common shares outstanding (in shares) 59,978,886 59,508,426