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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 295.6 $ 897.1
Receivables, net of allowance for credit losses of $5.1 million and $5.0 million, respectively 877.5 554.4
Inventories, net 548.9 432.7
Contract assets 73.5 84.5
Prepaid expenses 35.1 35.8
Other current assets 251.2 60.2
Discontinued operations 0.0 144.6
Total current assets 2,081.8 2,209.3
Property, plant, and equipment, net 734.1 672.1
Goodwill, net 2,539.5 1,641.7
Other intangible assets, net 1,599.4 960.9
Other long-term assets 119.8 107.4
Discontinued operations 0.0 275.0
Total assets 7,074.6 5,866.4
Current liabilities:    
Accounts payable 481.0 284.5
Accrued and other current liabilities 332.6 274.6
Contract liabilities 35.3 32.5
Current portion of debt 2.4 1.1
Discontinued operations 0.0 53.5
Total current liabilities 851.3 646.2
Long-term liabilities:    
Long-term debt, less current portion 2,924.0 2,080.2
Contract liabilities 246.8 235.8
Other long-term liabilities 507.7 344.6
Discontinued operations 0.0 21.9
Total long-term liabilities 3,678.5 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 473.8 441.7
Treasury shares, at cost (26.3 and 25.5 shares, respectively) (2,044.4) (1,814.4)
Accumulated other comprehensive loss (101.2) (97.0)
Retained earnings 4,137.9 3,928.7
Total shareholders' equity 2,544.8 2,537.7
Total liabilities and equity $ 7,074.6 $ 5,866.4