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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 713.3 $ 897.1
Receivables, net of allowance for credit losses of $4.7 million and $5.0 million, respectively 722.4 554.4
Inventories, net 462.6 432.7
Contract assets 71.5 84.5
Prepaid expenses 23.4 35.8
Other current assets 69.4 60.2
Assets held for sale 449.9 144.6
Total current assets 2,512.5 2,209.3
Property, plant, and equipment, net 674.2 672.1
Goodwill, net 1,640.2 1,641.7
Other intangible assets, net 903.9 960.9
Other long-term assets 108.5 107.4
Assets held for sale 0.0 275.0
Total assets 5,839.3 5,866.4
Current liabilities:    
Accounts payable 387.1 284.5
Accrued and other current liabilities 246.1 274.6
Contract liabilities 34.5 32.5
Current portion of debt 1.2 1.1
Liabilities held for sale 92.8 53.5
Total current liabilities 761.7 646.2
Long-term liabilities:    
Long-term debt, less current portion 2,080.4 2,080.2
Contract liabilities 240.5 235.8
Other long-term liabilities 338.8 344.6
Liabilities held for sale 0.0 21.9
Total long-term liabilities 2,659.7 2,682.5
Shareholders' equity:    
Preferred stock, $1 par value per share (5.0 shares authorized and unissued) 0.0 0.0
Common stock, $1 par value per share (200.0 shares authorized; 51.9 and 52.9 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 460.1 441.7
Treasury shares, at cost (26.5 and 25.5 shares, respectively) (2,042.3) (1,814.4)
Accumulated other comprehensive loss (102.8) (97.0)
Retained earnings 4,024.2 3,928.7
Total shareholders' equity 2,417.9 2,537.7
Total liabilities and equity $ 5,839.3 $ 5,866.4