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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 158.5 $ 128.7
Accounts receivable, less allowances of $8.4 and $8.5, respectively 233.7 215.1
Inventories — net 529.7 473.1
Notes receivable — net 12.3 13.6
Other current assets 38.4 35.5
Total current assets 972.6 866.0
Property, plant and equipment — net 282.8 294.3
Operating lease right-of-use assets 33.9 37.9
Goodwill 234.8 235.1
Other intangible assets — net 119.3 121.6
Other non-current assets 38.9 48.6
Total assets 1,682.3 1,603.5
Current Liabilities:    
Accounts payable and accrued expenses 415.2 329.4
Short-term borrowings and current portion of long-term debt 3.7 10.5
Product warranties 47.2 50.2
Customer advances 21.0 25.5
Other liabilities 21.0 20.2
Total current liabilities 508.1 435.8
Non-Current Liabilities:    
Long-term debt 300.0 300.4
Operating lease liabilities 25.2 28.4
Deferred income taxes 3.6 5.9
Pension obligations 88.9 89.3
Postretirement health and other benefit obligations 13.1 14.0
Long-term deferred revenue 32.0 32.4
Other non-current liabilities 55.2 53.8
Total non-current liabilities 518.0 524.2
Commitments and contingencies (Note 18)
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, 35,005,241 and 34,580,638 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 600.1 595.1
Accumulated other comprehensive loss (109.5) (97.5)
Retained earnings 231.7 216.9
Treasury stock, at cost (5,788,742 and 6,213,345 shares, respectively) (66.5) (71.4)
Total stockholders' equity 656.2 643.5
Total liabilities and stockholders' equity $ 1,682.3 $ 1,603.5