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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 353.2 $ 324.4
Receivables, net of allowance for credit losses of $5.7 million and $5.3 million, respectively 1,179.0 814.6
Inventories, net 780.9 605.1
Contract assets 78.5 72.1
Prepaid expenses 32.2 49.9
Other current assets 108.8 284.8
Total current assets 2,532.6 2,150.9
Property, plant, and equipment, net 785.1 759.9
Goodwill, net 2,201.6 2,199.0
Other intangible assets, net 1,930.4 2,008.7
Other long-term assets 128.0 128.3
Total assets 7,577.7 7,246.8
Current liabilities:    
Accounts payable 549.6 432.4
Current portion of debt 352.2 352.0
Accrued and other current liabilities 320.0 351.2
Contract liabilities 37.9 33.9
Total current liabilities 1,259.7 1,169.5
Long-term liabilities:    
Long-term debt, less current portion 2,577.7 2,575.4
Contract liabilities 255.8 250.0
Other long-term liabilities 609.4 622.4
Total long-term liabilities 3,442.9 3,447.8
Stockholders' 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; 51.5 and 52.0 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 490.9 481.5
Treasury shares, at cost (26.9 and 26.4 shares, respectively) (2,228.4) (2,063.2)
Accumulated other comprehensive loss (142.2) (105.2)
Retained earnings 4,676.1 4,237.7
Total stockholders' equity 2,875.1 2,629.5
Total liabilities and equity $ 7,577.7 $ 7,246.8