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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash, cash equivalents and restricted cash $ 90.6 $ 123.0
Accounts receivable, less allowances of $10.7 and $10.9, respectively 157.3 179.2
Inventories — net 493.1 400.6
Notes receivable — net 20.0 31.1
Other current assets 55.6 56.5
Total current assets 816.6 790.4
Property, plant and equipment — net 283.9 303.7
Goodwill 316.4 321.3
Other intangible assets — net 118.9 122.1
Other long-term assets 54.7 70.3
Total assets 1,590.5 1,607.8
Current Liabilities:    
Accounts payable and accrued expenses 391.3 375.8
Short-term borrowings and current portion of long-term debt 6.9 8.2
Product warranties 36.4 35.5
Customer advances 11.8 12.7
Product liabilities 20.1 20.8
Total current liabilities 466.5 453.0
Non-Current Liabilities:    
Long-term debt 264.5 266.7
Deferred income taxes 9.5 13.0
Pension obligations 82.1 88.9
Postretirement health and other benefit obligations 24.5 25.5
Long-term deferred revenue 19.3 20.8
Other non-current liabilities 45.8 62.4
Total non-current liabilities 445.7 477.3
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, 35,585,949 and 35,273,864 shares outstanding, respectively) 1.4 1.4
Additional paid-in capital 582.2 576.6
Accumulated other comprehensive loss (116.3) (97.4)
Retained earnings 267.9 256.7
Treasury stock, at cost (5,208,034 and 5,520,119 shares, respectively) (56.9) (59.8)
Total stockholders' equity 678.3 677.5
Total liabilities and stockholders' equity $ 1,590.5 $ 1,607.8