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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 42.5 $ 75.4
Accounts receivable, less allowances of $5.6 and $7.3, respectively 227.2 236.1
Inventories — net 668.9 576.8
Notes receivable — net 14.3 16.7
Other current assets 33.6 36.8
Total current assets 986.5 941.8
Property, plant and equipment — net 322.2 358.8
Operating lease right-of-use assets 35.8 40.6
Goodwill 247.3 249.7
Other intangible assets — net 132.5 139.6
Other non-current assets 33.5 44.7
Total assets 1,757.8 1,775.2
Current Liabilities:    
Accounts payable and accrued expenses 455.5 413.4
Short-term borrowings and current portion of long-term debt 13.5 7.3
Product warranties 48.1 49.0
Customer advances 28.0 28.7
Other liabilities 21.4 22.6
Total current liabilities 566.5 521.0
Non-Current Liabilities:    
Long-term debt 379.7 399.9
Operating lease liabilities 25.5 29.2
Deferred income taxes 1.0 6.5
Pension obligations 67.3 69.4
Postretirement health and other benefit obligations 11.6 12.1
Long-term deferred revenue 16.8 22.9
Other non-current liabilities 36.2 51.8
Total non-current liabilities 538.1 591.8
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, 35,178,217 and 35,056,252 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 602.5 602.4
Accumulated other comprehensive loss (131.1) (102.4)
Retained earnings 246.1 227.9
Treasury stock, at cost (5,615,766 and 5,737,731 shares, respectively) (64.7) (65.9)
Total stockholders' equity 653.2 662.4
Total liabilities and stockholders' equity $ 1,757.8 $ 1,775.2