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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 49.3 $ 68.8
Accounts receivable, net 246.4 269.1
Contract assets 68.9 91.2
Inventories, net 157.7 128.8
Other current assets (includes income taxes receivable of $18.0 and $18.9 at September 28, 2019 and December 31, 2018, respectively) 40.8 40.5
Total current assets 563.1 598.4
Property, plant and equipment:    
Land 18.7 19.4
Buildings and leasehold improvements 119.8 125.2
Machinery and equipment 337.9 334.1
Property, plant and equipment, gross 476.4 478.7
Accumulated depreciation (298.9) (294.5)
Property, plant and equipment, net 177.5 184.2
Goodwill 429.4 394.4
Intangibles, net 230.9 198.4
Other assets 641.7 657.7
Deferred income taxes 19.8 24.4
TOTAL ASSETS 2,062.4 2,057.5
Current liabilities:    
Accounts payable 132.5 153.6
Contract liabilities 85.6 79.5
Accrued expenses 188.2 183.7
Income taxes payable 1.4 3.5
Short-term debt 40.6 31.9
Current maturities of long-term debt 18.5 18.0
Total current liabilities 466.8 470.2
Long-term debt 323.8 331.9
Deferred and other income taxes 32.4 23.2
Other long-term liabilities 778.1 817.3
Total long-term liabilities 1,134.3 1,172.4
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (51,940,314 and 44,124,375 issued and outstanding at September 28, 2019, respectively, and 51,528,778 and 43,450,305 issued and outstanding at December 31, 2018, respectively) 0.5 0.5
Paid-in capital 1,291.2 1,295.4
Retained deficit (610.2) (650.1)
Accumulated other comprehensive income 239.9 244.9
Common stock in treasury (7,815,939 and 8,078,473 shares at September 28, 2019 and December 31, 2018, respectively) (460.1) (475.8)
Total equity 461.3 414.9
TOTAL LIABILITIES AND EQUITY $ 2,062.4 $ 2,057.5