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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 262.8 $ 388.2
Accounts receivable, net 223.1 223.4
Contract assets 30.3 28.9
Inventories, net 220.7 189.8
Other current assets 78.6 73.1
Total current assets 815.5 903.4
Property, plant and equipment:    
Land 13.9 13.9
Buildings and leasehold improvements 62.8 62.9
Machinery and equipment 233.1 231.4
Property, plant and equipment, gross 309.8 308.2
Accumulated depreciation (199.1) (194.9)
Property, plant and equipment, net 110.7 113.3
Goodwill 490.6 457.3
Intangibles, net 405.9 415.5
Other assets 676.6 675.9
Deferred income taxes 12.5 11.0
Assets of DBT and Heat Transfer (includes cash and cash equivalents of $6.7 and $7.8 at April 2, 2022 and December 31, 2021, respectively) 55.4 52.2
TOTAL ASSETS 2,567.2 2,628.6
Current liabilities:    
Accounts payable 111.0 119.6
Contract liabilities 43.7 44.7
Accrued expenses 177.4 217.9
Income taxes payable 46.8 42.1
Short-term debt 2.0 2.2
Current maturities of long-term debt 13.0 13.0
Total current liabilities 393.9 439.5
Long-term debt 227.7 230.8
Deferred and other income taxes 30.6 31.3
Other long-term liabilities 761.2 788.5
Liabilities of DBT and Heat Transfer 38.0 35.6
Total long-term liabilities 1,057.5 1,086.2
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (53,065,643 and 45,716,583 issued and outstanding at April 2, 2022, respectively, and 53,011,255 and 45,467,768 issued and outstanding at December 31, 2021, respectively) 0.5 0.5
Paid-in capital 1,321.2 1,334.2
Retained deficit (40.4) (51.8)
Accumulated other comprehensive income 266.9 263.9
Common stock in treasury (7,349,060 and 7,543,487 shares at April 2, 2022 and December 31, 2021, respectively) (432.4) (443.9)
Total stockholders' equity 1,115.8 1,102.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,567.2 $ 2,628.6