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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 175.6 $ 159.8
Accounts receivable, net 139.2 135.3
Contract assets 25.0 23.7
Inventories, net 143.0 142.3
Asbestos-related insurance recoverables, current portion 4.3 4.3
Other current assets 15.8 28.5
Total current assets 502.9 493.9
Property, plant and equipment, net of accumulated depreciation of $403.6 and $390.8 375.5 365.1
Operating lease right-of-use assets 23.4 24.1
Goodwill 363.4 357.6
Other intangible assets, net of amortization 109.6 110.3
Asbestos-related insurance recoverables, non-current portion 48.0 48.0
Deferred income taxes 66.4 61.5
Other long-term assets 21.2 20.6
Total assets 1,510.4 1,481.1
Current liabilities    
Accounts payable 50.9 48.1
Accrued employee benefits and compensation 41.3 41.5
Accrued income taxes payable 5.6 7.7
Operating lease obligations, current portion 4.1 4.0
Asbestos-related liabilities, current portion 5.4 5.4
Other accrued liabilities 20.3 16.8
Total current liabilities 127.6 123.5
Operating lease obligations, non-current portion 20.1 20.6
Asbestos-related liabilities, non-current portion 52.0 52.1
Non-current income tax 5.8 5.7
Deferred income taxes 18.3 18.0
Other long-term liabilities 16.3 9.6
Commitments and contingencies
Shareholders’ equity    
Capital stock - $1 par value; 50.0 authorized shares; 18.5 and 18.5 shares issued and outstanding 18.5 18.5
Additional paid-in capital 149.7 147.3
Retained earnings 1,179.7 1,181.1
Accumulated other comprehensive loss (77.6) (95.3)
Total shareholders' equity 1,270.3 1,251.6
Total liabilities and shareholders' equity $ 1,510.4 $ 1,481.1