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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 25.9 $ 64.4
Accounts receivable, less allowances of $5.4 and $5.3, respectively 274.8 266.3
Inventories — net 727.4 611.9
Notes receivable — net 8.7 10.6
Other current assets 32.2 45.3
Total current assets 1,069.0 998.5
Property, plant and equipment — net 341.9 335.3
Operating lease right-of-use assets 41.5 45.2
Goodwill 79.0 80.1
Other intangible assets — net 126.2 126.7
Other non-current assets 43.5 29.7
Total assets 1,701.1 1,615.5
Current Liabilities:    
Accounts payable and accrued expenses 492.4 446.4
Customer advances 20.2 21.9
Short-term borrowings and current portion of long-term debt 6.7 6.1
Product warranties 45.4 48.8
Other liabilities 19.8 24.6
Total current liabilities 584.5 547.8
Non-Current Liabilities:    
Long-term debt 380.7 379.5
Operating lease liabilities 31.8 34.3
Deferred income taxes 5.0 4.9
Pension obligations 55.1 51.7
Postretirement health and other benefit obligations 7.8 8.2
Long-term deferred revenue 13.8 15.6
Other non-current liabilities 43.0 35.7
Total non-current liabilities 537.2 529.9
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, 35,045,446 and 35,085,008 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 607.8 606.7
Accumulated other comprehensive loss (101.9) (107.9)
Retained earnings 141.0 104.3
Treasury stock, at cost (5,748,537 and 5,708,975 shares, respectively) (67.9) (65.7)
Total stockholders' equity 579.4 537.8
Total liabilities and stockholders' equity $ 1,701.1 $ 1,615.5