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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 31.5 $ 34.4
Accounts receivable, less allowances of $5.9 and $6.1, respectively 290.3 278.8
Inventories - net 748.0 666.5
Notes receivable — net 5.7 6.7
Other current assets 43.9 46.6
Total current assets 1,119.4 1,033.0
Property, plant and equipment — net 357.5 366.1
Operating lease right-of-use assets 58.8 59.7
Goodwill 78.7 79.6
Intangible assets - net 123.3 125.6
Other non-current assets 42.9 42.7
Total assets 1,780.6 1,706.7
Current Liabilities:    
Accounts payable and accrued expenses 509.4 457.4
Customer advances 20.3 19.2
Short-term borrowings and current portion of long-term debt 42.5 13.4
Product warranties 41.3 47.1
Other liabilities 18.7 26.2
Total current liabilities 632.2 563.3
Non-Current Liabilities:    
Long-term debt 372.7 358.7
Operating lease liabilities 46.6 47.2
Deferred income taxes 7.4 7.5
Pension obligations 54.9 55.8
Postretirement health and other benefit obligations 5.4 5.6
Long-term deferred revenue 21.1 24.1
Other non-current liabilities 44.3 41.2
Total non-current liabilities 552.4 540.1
Commitments and contingencies (Note 17)
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, 35,540,950 and 35,094,993 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 608.5 613.1
Accumulated other comprehensive loss (98.9) (86.4)
Retained earnings 148.0 143.5
Treasury stock, at cost (5,253,033 and 5,698,990 shares, respectively) (62.0) (67.3)
Total stockholders' equity 596.0 603.3
Total liabilities and stockholders' equity $ 1,780.6 $ 1,706.7