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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 761.0 $ 897.1
Receivables, net of allowance for credit losses of $4.9 million and $5.0 million, respectively 612.8 554.4
Inventories, net 459.0 432.7
Contract assets 77.1 84.5
Prepaid expenses 25.7 35.8
Other current assets 53.7 60.2
Assets held for sale 155.2 144.6
Total current assets 2,144.5 2,209.3
Property, plant, and equipment, net 664.5 672.1
Goodwill, net 1,639.0 1,641.7
Other intangible assets, net 928.4 960.9
Other long-term assets 100.8 107.4
Assets held for sale 275.0 275.0
Total assets 5,752.2 5,866.4
Current liabilities:    
Accounts payable 320.2 284.5
Accrued and other current liabilities 245.2 274.6
Contract liabilities 32.9 32.5
Current portion of debt 1.2 1.1
Liabilities held for sale 60.6 53.5
Total current liabilities 660.1 646.2
Long-term liabilities:    
Long-term debt, less current portion 2,081.0 2,080.2
Contract liabilities 238.1 235.8
Other long-term liabilities 336.0 344.6
Liabilities held for sale 25.2 21.9
Total long-term liabilities 2,680.3 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; 52.1 and 52.9 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 443.4 441.7
Treasury shares, at cost (26.3 and 25.5 shares, respectively) (1,951.6) (1,814.4)
Accumulated other comprehensive loss (111.1) (97.0)
Retained earnings 3,952.4 3,928.7
Total shareholders' equity 2,411.8 2,537.7
Total liabilities and equity $ 5,752.2 $ 5,866.4