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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,105.0 $ 753.5
Receivables, net of allowance for credit losses of $4.3 and $4.7 774.3 579.7
Inventories 481.4 472.7
Other current assets 122.4 120.4
Total current assets 2,483.1 1,926.3
Property, plant, and equipment, net of accumulated depreciation of $763.4 and $702.5 783.2 711.8
Goodwill 1,530.1 1,478.0
Other intangible assets, net of accumulated amortization of $643.3 and $543.5 1,452.7 1,504.9
Other long-term assets 207.5 195.6
Total assets 6,456.6 5,816.6
LIABILITIES AND EQUITY    
Accounts payable 294.7 261.1
Other current liabilities 470.0 404.7
Total current liabilities 764.7 665.8
Long-term debt 2,878.8 1,887.4
Contract liabilities 336.6 322.2
Deferred taxes 232.4 228.2
Other long-term liabilities 252.3 249.7
Common stock [1],[2] 78.7 78.7
Additional paid-in capital 592.9 589.0
Treasury stock [3] (5,851.8) (4,867.4)
Accumulated other comprehensive loss (78.9) (110.1)
Retained earnings 7,250.9 6,773.1
Total liabilities and equity $ 6,456.6 $ 5,816.6
[1] Common Stock: $1 par value; 200.0 shares authorized; 41.9 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; 36.7 and 34.2 shares, respectively