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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 190.2 $ 54.7
Accounts receivable, net 239.5 265.9
Contract assets 65.5 63.4
Inventories, net 181.6 154.9
Other current assets (includes income taxes receivable of $24.9 and $23.0 at June 27, 2020 and December 31, 2019, respectively) 92.2 93.2
Total current assets 769.0 632.1
Property, plant and equipment:    
Land 19.2 18.7
Buildings and leasehold improvements 120.6 121.9
Machinery and equipment 349.6 342.6
Property, plant and equipment, gross 489.4 483.2
Accumulated depreciation (311.3) (304.1)
Property, plant and equipment, net 178.1 179.1
Goodwill 451.0 449.3
Intangibles, net 246.5 251.7
Other assets 603.6 605.9
Deferred income taxes 8.2 16.4
TOTAL ASSETS 2,256.4 2,134.5
Current liabilities:    
Accounts payable 137.9 141.6
Contract liabilities 91.1 100.8
Accrued expenses 201.4 220.4
Income taxes payable 2.7 2.2
Short-term debt 266.8 142.6
Current maturities of long-term debt 4.1 1.0
Total current liabilities 704.0 608.6
Long-term debt 247.0 249.9
Deferred and other income taxes 26.3 26.3
Other long-term liabilities 727.0 747.3
Total long-term liabilities 1,000.3 1,023.5
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,326,394 and 44,652,648 issued and outstanding at June 27, 2020, respectively, and 52,017,204 and 44,202,503 issued and outstanding at December 31, 2019, respectively) 0.5 0.5
Paid-in capital 1,303.4 1,302.4
Retained deficit (535.5) (584.8)
Accumulated other comprehensive income 235.3 244.3
Common stock in treasury (7,673,746 and 7,814,701 shares at June 27, 2020 and December 31, 2019, respectively) (451.6) (460.0)
Total equity 552.1 502.4
TOTAL LIABILITIES AND EQUITY $ 2,256.4 $ 2,134.5