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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 388.2 $ 64.0
Accounts receivable, net 223.4 210.8
Contract assets 28.9 32.5
Inventories, net 189.8 155.0
Other current assets (includes income taxes receivable of $8.7 and $27.3 at December 31, 2021 and 2020, respectively) 73.1 88.4
Assets of discontinued operations 0.0 124.4
Total current assets 903.4 675.1
Property, plant and equipment:    
Land 13.9 12.9
Buildings and leasehold improvements 62.9 59.2
Machinery and equipment 231.4 208.3
Property, plant and equipment, gross 308.2 280.4
Accumulated depreciation (194.9) (173.6)
Property, plant and equipment, net 113.3 106.8
Goodwill 457.3 368.6
Intangibles, net 415.5 305.0
Other assets 675.9 591.7
Deferred income taxes 11.0 23.9
Assets of discontinued operations 0.0 219.1
Assets of DBT and Heat Transfer (includes cash and cash equivalents of $7.8 and $4.3 at December 31, 2021 and 2020, respectively) - Note 4 52.2 43.5
TOTAL ASSETS 2,628.6 2,333.7
Current liabilities:    
Accounts payable 119.6 102.1
Contract liabilities 44.7 38.8
Accrued expenses 217.9 206.6
Income taxes payable 42.1 0.4
Short-term debt 2.2 101.2
Current maturities of long-term debt 13.0 7.2
Liabilities of discontinued operations 0.0 115.8
Total current liabilities 439.5 572.1
Long-term debt 230.8 304.0
Deferred and other income taxes 31.3 26.6
Other long-term liabilities 788.5 741.4
Liabilities of discontinued operations 0.0 31.4
Liabilities of DBT and Heat Transfer (Note 4) 35.6 18.1
Total long-term liabilities 1,086.2 1,121.5
Commitments and contingent liabilities (Note 15)
Stockholders' equity:    
Common stock (53,011,255 and 45,467,768 issued and outstanding at December 31, 2021, respectively, and 52,704,973 and 45,032,325 issued and outstanding at December 31, 2020, respectively) 0.5 0.5
Paid-in capital 1,334.2 1,319.9
Retained deficit (51.8) (477.2)
Accumulated other comprehensive income 263.9 248.5
Common stock in treasury (7,543,487 and 7,672,648 shares at December 31, 2021 and 2020 respectively) (443.9) (451.6)
Total stockholders' equity 1,102.9 640.1
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,628.6 $ 2,333.7