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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,112.1 $ 753.5
Receivables, net of allowance for credit losses of $3.9 and $4.7 593.8 579.7
Inventories 447.3 472.7
Prepaid expenses 28.5 26.9
Other current assets 95.7 93.5
Total current assets 2,277.4 1,926.3
Property, plant, and equipment, net of accumulated depreciation of $774.0 and $702.5 807.1 711.8
Goodwill 1,538.9 1,478.0
Other intangible assets, net of accumulated amortization of $673.7 and $543.5 1,425.5 1,504.9
Other long-term assets 214.1 195.6
Total assets 6,263.0 5,816.6
LIABILITIES AND EQUITY    
Accounts payable 233.0 261.1
Other current liabilities 503.0 404.7
Total current liabilities 736.0 665.8
Long-term debt 2,881.6 1,887.4
Contract liabilities 342.5 322.2
Deferred taxes 245.6 228.2
Other long-term liabilities 261.9 249.7
Common stock [1],[2] 78.7 78.7
Additional paid-in capital 603.5 589.0
Treasury stock [3] (6,149.3) (4,867.4)
Accumulated other comprehensive loss (70.0) (110.1)
Retained earnings 7,332.5 6,773.1
Total liabilities and equity $ 6,263.0 $ 5,816.6
[1] Common Stock: $1 par value; 200.0 shares authorized; 41.0 and 44.4 shares outstanding, respectively
[2] Preferred Stock: $1 par value; 5.0 shares authorized and unissued; no shares were issued or outstanding during any period presented
[3] Treasury Stock: at cost; 37.6 and 34.2 shares, respectively