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CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 229.0 $ 230.7
Accounts receivable, net of allowance for credit losses of $10.1 as of September 30, 2023 and $6.1 as of December 31, 2022 179.1 205.1
Inventories, net:    
Finished goods 37.9 26.2
Finished parts and subassemblies 22.9 23.0
Work in process 12.6 12.7
Raw materials 92.5 83.7
Inventories, net 165.9 145.6
Other current assets 51.2 41.9
Total current assets 625.2 623.3
Property, plant and equipment:    
Cost 531.3 521.5
Less: accumulated depreciation 286.6 259.9
Property, plant and equipment, net 244.7 261.6
Long-term deferred tax assets 4.1 6.3
Other assets 78.5 56.7
Intangible assets, net 314.3 344.9
Goodwill 827.3 836.6
Total assets 2,094.1 2,129.4
Current liabilities:    
Short-term borrowings 6.6 299.7
Accounts payable 111.1 109.6
Accrued liabilities 181.8 204.2
U.S. and foreign taxes on income 13.1 17.9
Total current liabilities 312.6 631.4
Long-term debt 708.1 545.1
Accrued pension and postretirement benefits 21.1 21.1
Long-term deferred tax liability 111.8 109.5
Other liabilities 67.9 38.5
Total liabilities 1,221.5 1,345.6
Commitments and contingencies (Note 11)
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, 72,441,647 shares issued 72.4 0.0
Capital surplus 1,717.1 0.0
Retained earnings 79.3 0.0
Crane Net Investment 0.0 915.3
Accumulated other comprehensive loss (152.3) (131.5)
Treasury stock (843.9) 0.0
Total equity 872.6 783.8
Total liabilities and equity $ 2,094.1 $ 2,129.4
Share data:    
Common shares issued (in shares) 72,441,647  
Less: Common shares held in treasury (in shares) 15,638,495  
Common shares outstanding (in shares) 56,803,152