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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 100.5 $ 99.4
Accounts receivable, net 317.6 279.8
Contract assets 32.0 16.6
Inventories, net 295.1 276.7
Other current assets 34.4 37.1
Total current assets 779.6 709.6
Property, plant and equipment:    
Land 23.2 17.9
Buildings and leasehold improvements 118.7 73.4
Machinery and equipment 291.9 264.4
Property, plant and equipment, gross 433.8 355.7
Accumulated depreciation (216.6) (215.2)
Property, plant and equipment, net 217.2 140.5
Goodwill 844.5 704.8
Intangibles, net 760.6 680.8
Other assets 184.3 188.9
Deferred income taxes 4.0 4.0
Assets of DBT and Heat Transfer (includes cash and equivalents of $5.0 and $5.5 at March 30, 2024 and December 31, 2023, respectively) (Note 3) 9.4 11.1
TOTAL ASSETS 2,799.6 2,439.7
Current liabilities:    
Accounts payable 151.4 118.7
Contract liabilities 72.9 73.5
Accrued expenses 126.2 168.5
Income taxes payable 6.5 5.3
Short-term debt 317.0 17.9
Current maturities of long-term debt 20.8 17.3
Total current liabilities 694.8 401.2
Long-term debt 516.6 523.1
Deferred and other income taxes 109.7 77.0
Other long-term liabilities 202.6 204.1
Liabilities of DBT and Heat Transfer (Note 3) 38.4 39.7
Total long-term liabilities 867.3 843.9
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (54,056,016 and 46,217,007 issued and outstanding at March 30, 2024, respectively, and 53,618,720 and 45,674,572 issued and outstanding at December 31, 2023, respectively) 0.5 0.5
Paid-in capital 1,351.6 1,353.6
Retained earnings 87.3 38.3
Accumulated other comprehensive income 250.9 261.1
Common stock in treasury (7,839,009 and 7,944,148 shares at March 30, 2024 and December 31, 2023, respectively) (452.8) (458.9)
Total stockholders' equity 1,237.5 1,194.6
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,799.6 $ 2,439.7