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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 538.7 $ 805.9
Receivables, net 1,311.7 1,162.0
Unbilled receivables, net 554.4 586.3
Inventories 1,905.9 1,865.6
Income taxes receivable 15.8 21.6
Other current assets 87.1 90.7
Total current assets 4,413.6 4,532.1
Property, plant and equipment, net 871.5 826.2
Goodwill 1,129.2 1,042.0
Purchased intangible assets, net 536.1 457.0
Deferred income taxes 153.2 134.8
Deferred contract costs 485.9 415.8
Other long-term assets 326.9 321.1
Total assets 7,916.4 7,729.0
Current liabilities:    
Revolving credit facilities and current maturities of long-term debt 2.1 9.7
Accounts payable 1,091.2 1,129.0
Customer advances 688.9 696.7
Payroll-related obligations 146.9 119.5
Income taxes payable 150.5 100.3
Other current liabilities 379.0 373.4
Total current liabilities 2,458.6 2,428.6
Long-term debt, less current maturities 595.2 595.0
Long-term customer advances 1,110.6 1,020.5
Other long-term liabilities 504.8 499.2
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding)  
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued) 0.7 0.7
Additional paid-in capital 808.0 806.0
Retained earnings 3,376.7 3,315.0
Accumulated other comprehensive loss (83.3) (92.3)
Common Stock in treasury, at cost (9,722,694 and 9,629,317 shares, respectively) (854.9) (843.7)
Total shareholders’ equity 3,247.2 3,185.7
Total liabilities and shareholders’ equity $ 7,916.4 $ 7,729.0