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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 423.9 $ 400.0
Receivables, net of allowance for credit losses of $6.5 million and $6.3 million, respectively 730.3 829.1
Inventories, net 781.5 748.8
Contract assets 87.3 90.7
Prepaid expenses 28.6 35.6
Other current assets 100.7 140.8
Total current assets 2,152.3 2,245.0
Property, plant, and equipment, net 840.4 822.7
Goodwill 2,203.6 2,200.7
Other intangible assets, net 1,802.2 1,837.3
Other long-term assets 116.9 116.3
Total assets 7,115.4 7,222.0
Current liabilities:    
Accounts payable 367.0 370.5
Current portion of debt 302.0 301.8
Accrued and other current liabilities 223.0 365.8
Contract liabilities 38.0 40.3
Total current liabilities 930.0 1,078.4
Long-term liabilities:    
Long-term debt, less current portion 2,281.9 2,281.5
Contract liabilities 275.9 270.4
Other long-term liabilities 569.3 567.3
Total long-term liabilities 3,127.1 3,119.2
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; 50.8 and 50.9 shares outstanding, respectively) 78.7 78.7
Additional paid-in capital 516.0 512.6
Treasury shares, at cost (27.6 and 27.5 shares, respectively) (2,483.6) (2,436.2)
Accumulated other comprehensive loss (142.6) (157.8)
Retained earnings 5,089.8 5,027.1
Total stockholders' equity 3,058.3 3,024.4
Total liabilities and equity $ 7,115.4 $ 7,222.0