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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 70.7 $ 54.7
Accounts receivable, net 232.0 265.9
Contract assets 70.3 63.4
Inventories, net 179.3 154.9
Other current assets (includes income taxes receivable of $24.9 and $23.0 at September 26, 2020 and December 31, 2019, respectively) 96.3 93.2
Total current assets 648.6 632.1
Property, plant and equipment:    
Land 19.4 18.7
Buildings and leasehold improvements 125.0 121.9
Machinery and equipment 354.9 342.6
Property, plant and equipment, gross 499.3 483.2
Accumulated depreciation (311.7) (304.1)
Property, plant and equipment, net 187.6 179.1
Goodwill 490.3 449.3
Intangibles, net 302.5 251.7
Other assets 615.2 605.9
Deferred income taxes 5.8 16.4
TOTAL ASSETS 2,250.0 2,134.5
Current liabilities:    
Accounts payable 134.5 141.6
Contract liabilities 83.3 100.8
Accrued expenses 228.8 220.4
Income taxes payable 2.0 2.2
Short-term debt 108.0 142.6
Current maturities of long-term debt 5.6 1.0
Total current liabilities 562.2 608.6
Long-term debt 350.3 249.9
Deferred and other income taxes 27.0 26.3
Other long-term liabilities 727.4 747.3
Total long-term liabilities 1,104.7 1,023.5
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,419,835 and 44,746,705 issued and outstanding at September 26, 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 1,309.7 1,302.4
Retained deficit (512.7) (584.8)
Accumulated other comprehensive income 237.2 244.3
Common stock in treasury (7,673,130 and 7,814,701 shares at September 26, 2020 and December 31, 2019, respectively) (451.6) (460.0)
Total equity 583.1 502.4
TOTAL LIABILITIES AND EQUITY $ 2,250.0 $ 2,134.5