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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 119.9 $ 131.7
Accounts receivable, less allowance for credit losses of $1.0 and $1.1 160.0 161.9
Contract assets 31.6 45.2
Inventories, net 150.8 153.5
Asbestos-related insurance receivables, current portion 4.3 4.3
Other current assets 35.5 30.3
Total current assets 502.1 526.9
Property, plant and equipment, net of accumulated depreciation of $393.2 and $385.7 365.7 366.3
Operating lease right-of-use assets 17.6 18.9
Goodwill 356.3 359.8
Other intangible assets, net of amortization 117.2 123.9
Asbestos-related insurance receivables, non-current portion 52.2 52.2
Investments in unconsolidated joint ventures 9.7 11.1
Deferred income taxes 58.1 49.7
Other long-term assets 8.2 8.4
Total assets 1,487.1 1,517.2
Current liabilities    
Accounts payable 49.9 50.3
Accrued employee benefits and compensation 30.9 31.1
Accrued income taxes payable 7.6 2.0
Operating lease obligations, current portion 3.7 3.5
Asbestos-related liabilities, current portion 5.5 5.5
Other accrued liabilities 18.9 24.0
Total current liabilities 116.5 116.4
Borrowings under revolving credit facility 0.0 30.0
Operating lease obligations, non-current portion 14.1 15.4
Asbestos-related liabilities, non-current portion 55.8 56.0
Non-current income tax 7.5 7.2
Deferred income taxes 22.6 22.9
Other long-term liabilities 9.8 10.3
Commitments and contingencies
Shareholders’ equity    
Capital stock - $1 par value; 50.0 authorized shares; 18.6 and 18.6 shares issued and outstanding 18.6 18.6
Additional paid-in capital 152.4 151.8
Retained earnings 1,170.9 1,155.0
Accumulated other comprehensive loss (81.1) (66.4)
Total shareholders' equity 1,260.8 1,259.0
Total liabilities and shareholders' equity $ 1,487.1 $ 1,517.2