Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 199.3	$ 140.3
Accounts receivable, less allowances of $7.9 and $10.3, respectively	168.3	171.8
Inventories — net	461.4	453.1
Notes receivable — net	17.4	19.4
Other current assets	26.0	58.3
Total current assets	872.4	842.9
Property, plant and equipment — net	289.9	288.9
Operating lease right-of-use assets	47.6
Goodwill	232.5	232.8
Other intangible assets — net	116.3	118.1
Other non-current assets	59.0	59.2
Total assets	1,617.7	1,541.9
Current Liabilities:
Accounts payable and accrued expenses	340.8	425.2
Short-term borrowings and current portion of long-term debt	3.8	6.4
Product warranties	47.2	39.1
Customer advances	25.8	9.6
Other liabilities	23.3	16.3
Total current liabilities	440.9	496.6
Non-Current Liabilities:
Long-term debt	308.4	266.7
Operating lease liabilities	37.6
Deferred income taxes	5.5	5.7
Pension obligations	86.4	85.7
Postretirement health and other benefit obligations	16.4	18.3
Long-term deferred revenue	30.3	25.2
Other non-current liabilities	46.3	42.4
Total non-current liabilities	530.9	444.0
Commitments and contingencies (Note 18)
Total stockholders' equity:
Preferred stock (3,500,000 shares authorized of $.01 par value; none outstanding)
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,374,537 and 35,588,833 shares outstanding, respectively)	0.4	0.4
Additional paid-in capital	592.2	584.8
Accumulated other comprehensive loss	(121.0)	(116.6)
Retained earnings	236.2	189.6
Treasury stock, at cost (5,419,446 and 5,205,150 shares, respectively)	(61.9)	(56.9)
Total stockholders’ equity	645.9	601.3
Total liabilities and stockholders' equity	$ 1,617.7	$ 1,541.9