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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 56.5 $ 64.4
Accounts receivable, less allowances of $5.4 and $5.3, respectively 250.6 266.3
Inventories 720.6 611.9
Notes receivable — net 9.4 10.6
Other current assets 42.3 45.3
Total current assets 1,079.4 998.5
Property, plant and equipment — net 331.6 335.3
Operating lease right-of-use assets 43.0 45.2
Goodwill 79.9 80.1
Intangible assets - net 126.6 126.7
Other non-current assets 30.6 29.7
Total assets 1,691.1 1,615.5
Current Liabilities:    
Accounts payable and accrued expenses 518.1 446.4
Short-term borrowings and current portion of long-term debt 7.9 6.1
Product warranties 46.5 48.8
Customer advances 24.0 21.9
Other liabilities 21.1 24.6
Total current liabilities 617.6 547.8
Non-Current Liabilities:    
Long-term debt 369.5 379.5
Operating lease liabilities 32.8 34.3
Deferred income taxes 4.9 4.9
Pension obligations 53.5 51.7
Postretirement health and other benefit obligations 8.0 8.2
Long-term deferred revenue 14.7 15.6
Other non-current liabilities 37.3 35.7
Total non-current liabilities 520.7 529.9
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, 35,142,881 and 35,085,008 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 605.8 606.7
Accumulated other comprehensive loss (108.0) (107.9)
Retained earnings 120.8 104.3
Treasury stock, at cost (5,651,102 and 5,708,975 shares, respectively) (66.2) (65.7)
Total stockholders' equity 552.8 537.8
Total liabilities and stockholders' equity $ 1,691.1 $ 1,615.5