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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 400.0 $ 324.4
Receivables, net 829.1 814.6
Inventories, net 748.8 605.1
Contract assets 90.7 72.1
Prepaid expenses 35.6 49.9
Other current assets 140.8 284.8
Total current assets 2,245.0 2,150.9
Property, plant and equipment, net 822.7 759.9
Goodwill 2,200.7 2,199.0
Other intangible assets, net 1,837.3 2,008.7
Other long-term assets 116.3 128.3
Total assets 7,222.0 7,246.8
Current liabilities:    
Accounts payable 370.5 432.4
Accrued and other current liabilities 365.8 351.2
Current portion of debt 301.8 352.0
Contract liabilities 40.3 33.9
Total current liabilities 1,078.4 1,169.5
Long-term liabilities:    
Long-term debt, less current portion 2,281.5 2,575.4
Contract liabilities 270.4 250.0
Other long-term liabilities 567.3 622.4
Total long-term liabilities 3,119.2 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; 50.9 and 52.0 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 512.6 481.5
Treasury shares, at cost (27.5 and 26.4 shares, respectively) (2,436.2) (2,063.2)
Accumulated other comprehensive loss (157.8) (105.2)
Retained earnings 5,027.1 4,237.7
Total stockholders' equity 3,024.4 2,629.5
Total liabilities and equity $ 7,222.0 $ 7,246.8