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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 189.8 $ 388.2
Accounts receivable, net 240.5 223.4
Contract assets 33.9 28.9
Inventories, net 235.8 189.8
Other current assets 78.6 73.1
Total current assets 778.6 903.4
Property, plant and equipment:    
Land 13.9 13.9
Buildings and leasehold improvements 62.5 62.9
Machinery and equipment 234.0 231.4
Property, plant and equipment, gross 310.4 308.2
Accumulated depreciation (200.8) (194.9)
Property, plant and equipment, net 109.6 113.3
Goodwill 459.7 457.3
Intangibles, net 416.1 415.5
Other assets 662.9 675.9
Deferred income taxes 16.2 11.0
Assets of DBT and Heat Transfer (includes cash and cash equivalents of $5.4 and $7.8 at July 2, 2022 and December 31, 2021, respectively) 46.5 52.2
TOTAL ASSETS 2,489.6 2,628.6
Current liabilities:    
Accounts payable 116.2 119.6
Contract liabilities 45.4 44.7
Accrued expenses 182.7 217.9
Income taxes payable 8.8 42.1
Short-term debt 2.1 2.2
Current maturities of long-term debt 13.0 13.0
Total current liabilities 368.2 439.5
Long-term debt 224.5 230.8
Deferred and other income taxes 27.5 31.3
Other long-term liabilities 746.4 788.5
Liabilities of DBT and Heat Transfer 34.4 35.6
Total long-term liabilities 1,032.8 1,086.2
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (53,247,919 and 45,185,089 issued and outstanding at July 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 1,327.3 1,334.2
Retained deficit (27.4) (51.8)
Accumulated other comprehensive income 254.0 263.9
Common stock in treasury (8,062,830 and 7,543,487 shares at July 2, 2022 and December 31, 2021, respectively) (465.8) (443.9)
Total stockholders' equity 1,088.6 1,102.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,489.6 $ 2,628.6