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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and equivalents $ 87.1 $ 147.8
Accounts receivable, net 281.5 263.5
Contract assets 36.5 23.9
Inventories, net 299.6 244.0
Other current assets 34.3 41.9
Total current assets 739.0 721.1
Property, plant and equipment:    
Land 17.2 13.9
Buildings and leasehold improvements 73.3 63.7
Machinery and equipment 253.3 233.4
Property, plant and equipment, gross 343.8 311.0
Accumulated depreciation (209.1) (201.1)
Property, plant and equipment, net 134.7 109.9
Goodwill 679.9 455.3
Intangibles, net 705.6 401.6
Other assets 195.1 197.4
Deferred income taxes 3.1 2.7
Assets of DBT and Heat Transfer (includes cash and equivalents of $8.5 and $9.3 at July 1, 2023 and December 31, 2022, respectively) (Note 3) 44.2 42.9
TOTAL ASSETS 2,501.6 1,930.9
Current liabilities:    
Accounts payable 131.0 124.5
Contract liabilities 71.0 52.8
Accrued expenses 131.2 148.0
Income taxes payable 13.9 4.7
Short-term debt 132.0 1.8
Current maturities of long-term debt 10.5 2.0
Total current liabilities 489.6 333.8
Long-term debt 533.1 243.0
Deferred and other income taxes 75.7 34.8
Other long-term liabilities 202.9 208.3
Liabilities of DBT and Heat Transfer (Note 3) 27.7 31.8
Total long-term liabilities 839.4 517.9
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (53,529,856 and 45,581,485 issued and outstanding at July 1, 2023, respectively, and 53,350,918 and 45,291,989 issued and outstanding at December 31, 2022, respectively) 0.5 0.5
Paid-in capital 1,341.5 1,338.3
Retained earnings (deficit) 27.2 (51.6)
Accumulated other comprehensive income 262.5 257.5
Common stock in treasury (7,948,371 and 8,058,929 shares at July 1, 2023 and December 31, 2022, respectively) (459.1) (465.5)
Total stockholders' equity 1,172.6 1,079.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,501.6 $ 1,930.9