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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 64.4 $ 75.4
Accounts receivable, less allowances of $5.3 and $7.3, respectively 266.3 236.1
Inventories — net 611.9 576.8
Notes receivable — net 10.6 16.7
Other current assets 45.3 36.8
Total current assets 998.5 941.8
Property, plant and equipment — net 335.3 358.8
Operating lease right-of-use assets 45.2 40.6
Goodwill 80.1 249.7
Other intangible assets — net 126.7 139.6
Other non-current assets 29.7 44.7
Total assets 1,615.5 1,775.2
Current Liabilities:    
Accounts payable and accrued expenses 446.4 413.4
Short-term borrowings and current portion of long-term debt 6.1 7.3
Product warranties 48.8 49.0
Customer advances 21.9 28.7
Other liabilities 24.6 22.6
Total current liabilities 547.8 521.0
Non-Current Liabilities:    
Long-term debt 379.5 399.9
Operating lease liabilities 34.3 29.2
Deferred income taxes 4.9 6.5
Pension obligations 51.7 69.4
Postretirement health and other benefit obligations 8.2 12.1
Long-term deferred revenue 15.6 22.9
Other non-current liabilities 35.7 51.8
Total non-current liabilities 529.9 591.8
Commitments and contingencies (Note 19)
Total 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, 35,085,008 and 35,056,252 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 606.7 602.4
Accumulated other comprehensive loss (107.9) (102.4)
Retained earnings 104.3 227.9
Treasury stock, at cost (5,708,975 and 5,737,731 shares, respectively) (65.7) (65.9)
Total stockholders’ equity 537.8 662.4
Total liabilities and stockholders' equity $ 1,615.5 $ 1,775.2