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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 51.6 $ 75.4
Accounts receivable, less allowances of $7.3 and $7.3, respectively 242.2 236.1
Inventories — net 643.1 576.8
Notes receivable — net 14.9 16.7
Other current assets 35.5 36.8
Total current assets 987.3 941.8
Property, plant and equipment — net 340.8 358.8
Operating lease right-of-use assets 37.5 40.6
Goodwill 250.6 249.7
Other intangible assets — net 136.9 139.6
Other non-current assets 41.5 44.7
Total assets 1,794.6 1,775.2
Current Liabilities:    
Accounts payable and accrued expenses 462.8 413.4
Short-term borrowings and current portion of long-term debt 9.1 7.3
Product warranties 49.4 49.0
Customer advances 25.5 28.7
Other liabilities 21.4 22.6
Total current liabilities 568.2 521.0
Non-Current Liabilities:    
Long-term debt 380.1 399.9
Operating lease liabilities 26.7 29.2
Deferred income taxes 5.1 6.5
Pension obligations 68.9 69.4
Postretirement health and other benefit obligations 11.8 12.1
Long-term deferred revenue 21.3 22.9
Other non-current liabilities 51.0 51.8
Total non-current liabilities 564.9 591.8
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Preferred stock (3,500,000 shares authorized of $.01 par value; none outstanding) 0.0 0.0
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,319,205 and 35,056,252 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 601.7 602.4
Accumulated other comprehensive loss (108.7) (102.4)
Retained earnings 231.0 227.9
Treasury stock, at cost (5,474,778 and 5,737,731 shares, respectively) (62.9) (65.9)
Total stockholders' equity 661.5 662.4
Total liabilities and stockholders' equity $ 1,794.6 $ 1,775.2