CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 165.8	$ 227.2
Accounts receivable, net	265.9	214.9
U.S. and foreign taxes on income	8.6	0.0
Inventories, net	144.8	157.1
Other current assets	57.4	45.2
Total current assets	642.5	644.4
Property, plant and equipment, net	272.3	261.2
Long-term deferred tax assets	2.2	2.7
Intangible assets, net	419.3	308.9
Goodwill	956.6	841.2
Other assets	93.6	71.0
Total assets	2,386.5	2,129.4
Current liabilities:
Short-term borrowings	210.0	4.6
Accounts payable	116.6	106.5
Accrued liabilities	211.2	210.5
U.S. and foreign taxes on income	24.6	12.8
Total current liabilities	562.4	334.4
Long-term debt	540.6	640.3
Accrued pension and postretirement benefits	19.4	22.5
Long-term deferred tax liability	119.0	104.5
Other liabilities	80.2	63.7
Total liabilities	1,321.6	1,165.4
Commitments and contingencies (Note 13)
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; 57,197,147 shares and 56,897,457 shares outstanding as of December 31, 2024 and 2023, respectively	72.4	72.4
Capital surplus	1,719.9	1,728.1
Retained earnings	268.4	120.9
Accumulated other comprehensive loss	(172.6)	(118.6)
Treasury stock; 15,244,500 and 15,544,190 treasury shares as of December 31, 2024 and 2023, respectively	(823.2)	(838.8)
Total equity	1,064.9	964.0
Total liabilities and equity	$ 2,386.5	$ 2,129.4