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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 183.4 $ 388.2
Accounts receivable, net 266.1 223.4
Contract assets 30.2 28.9
Inventories, net 265.2 189.8
Other current assets 92.8 73.1
Total current assets 837.7 903.4
Property, plant and equipment:    
Land 13.9 13.9
Buildings and leasehold improvements 62.3 62.9
Machinery and equipment 227.8 231.4
Property, plant and equipment, gross 304.0 308.2
Accumulated depreciation (197.0) (194.9)
Property, plant and equipment, net 107.0 113.3
Goodwill 448.6 457.3
Intangibles, net 403.7 415.5
Other assets 619.8 675.9
Deferred income taxes 24.5 11.0
Assets of DBT and Heat Transfer (includes cash and cash equivalents of $3.9 and $7.8 at October 1, 2022 and December 31, 2021, respectively) (Note 3) 41.2 52.2
TOTAL ASSETS 2,482.5 2,628.6
Current liabilities:    
Accounts payable 125.2 119.6
Contract liabilities 45.5 44.7
Accrued expenses 194.6 217.9
Income taxes payable 6.8 42.1
Short-term debt 1.9 2.2
Current maturities of long-term debt 0.4 13.0
Total current liabilities 374.4 439.5
Long-term debt 244.6 230.8
Deferred and other income taxes 25.5 31.3
Other long-term liabilities 726.9 788.5
Liabilities of DBT and Heat Transfer (Note 3) 31.4 35.6
Total long-term liabilities 1,028.4 1,086.2
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (53,277,632 and 45,218,054 issued and outstanding at October 1, 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 1,331.9 1,334.2
Retained deficit (24.3) (51.8)
Accumulated other comprehensive income 237.2 263.9
Common stock in treasury (8,059,578 and 7,543,487 shares at October 1, 2022 and December 31, 2021, respectively) (465.6) (443.9)
Total stockholders' equity 1,079.7 1,102.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,482.5 $ 2,628.6