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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash, cash equivalents and restricted cash $ 99.4 $ 123.0
Accounts receivable, less allowances of $10.6 and $10.9, respectively 168.6 179.2
Inventories — net 471.5 400.6
Notes receivable — net 28.9 31.1
Other current assets 49.6 56.5
Total current assets 818.0 790.4
Property, plant and equipment — net 306.1 303.7
Goodwill 323.9 321.3
Other intangible assets — net 123.7 122.1
Other long-term assets 72.2 70.3
Total assets 1,643.9 1,607.8
Current Liabilities:    
Accounts payable and accrued expenses 403.1 375.8
Short-term borrowings and current portion of long-term debt 7.6 8.2
Product warranties 36.8 35.5
Customer advances 14.4 12.7
Product liabilities 22.4 20.8
Total current liabilities 484.3 453.0
Non-Current Liabilities:    
Long-term debt 266.1 266.7
Deferred income taxes 15.0 13.0
Pension obligations 88.0 88.9
Postretirement health and other benefit obligations 25.1 25.5
Long-term deferred revenue 22.1 20.8
Other non-current liabilities 60.0 62.4
Total non-current liabilities 476.3 477.3
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Preferred stock (authorized 3,500,000 shares of $.01 par value; none outstanding)
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,519,082 and 35,273,864 shares outstanding, respectively) 1.4 1.4
Additional paid-in capital 578.0 576.6
Accumulated other comprehensive loss (85.3) (97.4)
Retained earnings 246.7 256.7
Treasury stock, at cost (5,274,901 and 5,520,119 shares, respectively) (57.5) (59.8)
Total stockholders' equity 683.3 677.5
Total liabilities and stockholders' equity $ 1,643.9 $ 1,607.8