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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 67.5 $ 140.3
Accounts receivable, less allowances of $9.8 and $10.3, respectively 225.3 171.8
Inventories — net 521.9 453.1
Notes receivable — net 16.6 19.4
Other current assets 32.7 58.3
Total current assets 864.0 842.9
Property, plant and equipment — net 278.9 288.9
Operating lease right-of-use assets 42.5  
Goodwill 231.5 232.8
Other intangible assets — net 114.6 118.1
Other long-term assets 59.2 59.2
Total assets 1,590.7 1,541.9
Current Liabilities:    
Accounts payable and accrued expenses 372.5 425.2
Short-term borrowings and current portion of long-term debt 4.3 6.4
Product warranties 41.4 39.1
Customer advances 9.7 9.6
Other liabilities 24.1 16.3
Total current liabilities 452.0 496.6
Non-Current Liabilities:    
Long-term debt 309.1 266.7
Operating lease liabilities 32.5  
Deferred income taxes 2.0 5.7
Pension obligations 80.3 85.7
Postretirement health and other benefit obligations 17.8 18.3
Long-term deferred revenue 29.9 25.2
Other non-current liabilities 42.0 42.4
Total non-current liabilities 513.6 444.0
Commitments and contingencies (Note 16)
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, 35,349,046 and 35,588,833 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 591.0 584.8
Accumulated other comprehensive loss (131.0) (116.6)
Retained earnings 226.9 189.6
Treasury stock, at cost (5,444,937 and 5,205,150 shares, respectively) (62.2) (56.9)
Total stockholders' equity 625.1 601.3
Total liabilities and stockholders' equity $ 1,590.7 $ 1,541.9