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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 48.0 $ 34.4
Accounts receivable, less allowances of $5.9 and $6.1, respectively 260.3 278.8
Inventories 609.4 666.5
Other current assets 41.2 53.3
Total current assets 958.9 1,033.0
Property, plant and equipment - net 346.2 366.1
Operating lease right-of-use assets 59.3 59.7
Goodwill 77.8 79.6
Intangible assets - net 118.5 125.6
Other non-current assets 99.3 42.7
Total assets 1,660.0 1,706.7
Current Liabilities:    
Accounts payable and accrued expenses 389.4 457.4
Customer advances 18.0 19.2
Short-term borrowings and current portion of long-term debt 13.1 13.4
Product warranties 37.0 47.1
Other liabilities 16.8 26.2
Total current liabilities 474.3 563.3
Non-Current Liabilities:    
Long-term debt 377.1 358.7
Operating lease liabilities 47.0 47.2
Deferred income taxes 2.1 7.5
Pension obligations 47.1 55.8
Postretirement health and other benefit obligations 4.7 5.6
Long-term deferred revenue 17.5 24.1
Other non-current liabilities 50.1 41.2
Total non-current liabilities 545.6 540.1
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, 35,134,245 and 35,094,993 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 615.1 613.1
Accumulated other comprehensive loss (107.6) (86.4)
Retained earnings 199.3 143.5
Treasury stock, at cost (5,659,738 and 5,698,990 shares, respectively) (67.1) (67.3)
Total stockholders’ equity 640.1 603.3
Total liabilities and stockholders' equity $ 1,660.0 $ 1,706.7