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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 68.4 $ 753.5
Receivables, net of allowance for credit losses of $4.2 and $4.7 881.7 579.7
Inventories 500.9 472.7
Other current assets 75.9 120.4
Total current assets 1,526.9 1,926.3
Property, plant, and equipment, net of accumulated depreciation of $741.9 and $702.5 769.7 711.8
Goodwill 1,535.5 1,478.0
Other intangible assets, net of accumulated amortization of $613.1 and $543.5 1,484.1 1,504.9
Other long-term assets 203.2 195.6
Total assets 5,519.4 5,816.6
LIABILITIES AND EQUITY    
Accounts payable 338.4 261.1
Other current liabilities 358.7 404.7
Total current liabilities 697.1 665.8
Long-term debt 1,891.5 1,887.4
Contract liabilities 330.2 322.2
Deferred taxes 232.3 228.2
Other long-term liabilities 247.7 249.7
Common stock [1],[2] 78.7 78.7
Additional paid-in capital 585.6 589.0
Treasury stock [3] (5,555.3) (4,867.4)
Accumulated other comprehensive loss (72.2) (110.1)
Retained earnings 7,083.8 6,773.1
Total liabilities and equity $ 5,519.4 $ 5,816.6
[1] Common Stock: $1 par value; 200.0 shares authorized; 42.6 and 44.4 shares outstanding, respectively
[2] Preferred Stock: $1 par value; 5.0 shares authorized; no shares were issued or outstanding during any period presented
[3] Treasury Stock: at cost; 36.0 and 34.2 shares, respectively