CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 255.1	$ 202.8
Trade accounts receivable, less allowances of $27.1 and $28.1 at March 31, 2026 and December 31, 2025, respectively	1,647.1	1,503.9
Inventories	989.4	975.8
Other current assets	327.9	307.8
Total current assets	3,219.5	2,990.3
Property, plant and equipment, net	1,573.5	1,607.7
Goodwill	2,263.0	2,272.5
Other intangibles resulting from business acquisitions, net	801.2	827.5
Deferred tax assets	142.4	125.3
Other assets	979.0	978.4
Total assets	8,978.6	8,801.7
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	605.0	522.9
Accounts payable	1,329.5	1,261.7
Accrued payroll and employee benefits	200.2	232.7
Other current liabilities	665.0	636.3
Total current liabilities	2,799.7	2,653.6
Long-term debt and finance leases	3,185.1	3,210.0
Long-term retirement benefits and other liabilities	411.4	432.0
Deferred tax liabilities and income taxes payable	281.9	264.0
Commitments and contingencies (see Note 10)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at March 31, 2026 and December 31, 2025; issued – 124,126,624 shares at March 31, 2026 and December 31, 2025; outstanding – 76,661,900 and 76,877,487 shares at March 31, 2026 and December 31, 2025, respectively	124.1	124.1
Capital in excess of par value	817.6	834.3
Retained earnings	5,709.4	5,597.5
Treasury stock at cost, 47,464,724 shares and 47,249,137 shares at March 31, 2026 and December 31, 2025, respectively	(3,957.6)	(3,904.1)
Accumulated other comprehensive loss	(393.0)	(409.7)
Total shareholders’ equity	2,300.5	2,242.1
Total liabilities and shareholders’ equity	$ 8,978.6	$ 8,801.7