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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 42.6 $ 75.4
Accounts receivable, less allowances of $5.7 and $7.3, respectively 210.4 236.1
Inventories — net 672.2 576.8
Notes receivable — net 11.3 16.7
Other current assets 31.5 36.8
Total current assets 968.0 941.8
Property, plant and equipment — net 312.9 358.8
Operating lease right-of-use assets 32.2 40.6
Goodwill 245.2 249.7
Other intangible assets — net 127.7 139.6
Other non-current assets 35.7 44.7
Total assets 1,721.7 1,775.2
Current Liabilities:    
Accounts payable and accrued expenses 425.4 413.4
Short-term borrowings and current portion of long-term debt 8.3 7.3
Product warranties 48.1 49.0
Customer advances 28.4 28.7
Other liabilities 20.8 22.6
Total current liabilities 531.0 521.0
Non-Current Liabilities:    
Long-term debt 403.6 399.9
Operating lease liabilities 22.6 29.2
Deferred income taxes 6.3 6.5
Pension obligations 65.4 69.4
Postretirement health and other benefit obligations 11.5 12.1
Long-term deferred revenue 16.4 22.9
Other non-current liabilities 34.0 51.8
Total non-current liabilities 559.8 591.8
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, 35,184,553 and 35,056,252 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 604.0 602.4
Accumulated other comprehensive loss (157.2) (102.4)
Retained earnings 248.4 227.9
Treasury stock, at cost (5,609,430 and 5,737,731 shares, respectively) (64.7) (65.9)
Total stockholders' equity 630.9 662.4
Total liabilities and stockholders' equity $ 1,721.7 $ 1,775.2