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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 157.2 $ 159.8
Accounts receivable, net 141.6 135.3
Contract assets 25.4 23.7
Inventories, net 151.2 142.3
Asbestos-related insurance recoverables, current portion 4.3 4.3
Other current assets 20.4 28.5
Total current assets 500.1 493.9
Property, plant and equipment, net of accumulated depreciation of $419.5 and $390.8 382.5 365.1
Operating lease right-of-use assets 23.0 24.1
Goodwill 305.9 357.6
Other intangible assets, net of amortization 105.8 110.3
Asbestos-related insurance recoverables, non-current portion 48.0 48.0
Deferred income taxes 66.0 61.5
Other long-term assets 20.0 20.6
Total assets 1,451.3 1,481.1
Current liabilities    
Accounts payable 53.4 48.1
Accrued employee benefits and compensation 44.7 41.5
Accrued income taxes payable 4.5 7.7
Operating lease obligations, current portion 4.2 4.0
Asbestos-related liabilities, current portion 5.4 5.4
Other accrued liabilities 19.7 16.8
Total current liabilities 131.9 123.5
Operating lease obligations, non-current portion 19.5 20.6
Asbestos-related liabilities, non-current portion 51.9 52.1
Non-current income tax 6.0 5.7
Deferred income taxes 19.0 18.0
Other long-term liabilities 16.3 9.6
Commitments and contingencies (Note 5 and Note 9)
Shareholders’ equity    
Capital stock - $1 par value; 50.0 authorized shares; 18.1 and 18.5 shares issued and outstanding 18.1 18.5
Additional paid-in capital 126.4 147.3
Retained earnings 1,106.1 1,181.1
Accumulated other comprehensive loss (43.9) (95.3)
Total shareholders' equity 1,206.7 1,251.6
Total liabilities and shareholders' equity $ 1,451.3 $ 1,481.1