CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 26, 2015	Dec. 31, 2014
Current assets:
Cash and equivalents	$ 82.5	$ 237.2
Accounts receivable, net	433.9	473.5
Inventories, net	211.6	167.4
Other current assets	109.8	55.6
Deferred income taxes	40.7	60.2
Assets of discontinued operations - current	0.0	1,221.2
Total current assets	878.5	2,215.1
Property, plant and equipment:
Land	15.9	16.5
Buildings and leasehold improvements	126.7	132.3
Machinery and equipment	374.7	372.9
Property, plant and equipment, gross	517.3	521.7
Accumulated depreciation	(291.7)	(283.8)
Property, plant and equipment, net	225.6	237.9
Goodwill	368.5	374.4
Intangibles, net	164.2	169.2
Other assets	642.0	623.0
Assets of discontinued operations - non current	0.0	2,274.7
TOTAL ASSETS	2,278.8	5,894.3
Current liabilities:
Accounts payable	185.5	210.0
Accrued expenses	488.9	440.2
Income taxes payable	2.4	8.3
Short-term debt	70.2	156.5
Current maturities of long-term debt	4.8	29.1
Liabilities of discontinued operations - current	0.0	765.8
Total current liabilities	751.8	1,609.9
Long-term debt	347.0	547.5
Deferred and other income taxes	57.0	69.1
Other long-term liabilities	803.9	823.7
Liabilities of discontinued operations - non current	0.0	1,032.2
Total long-term liabilities	$ 1,207.9	$ 2,472.5
Commitments and contingent liabilities (Note 13)
SPX Corporation shareholders’ equity:
Common stock (100,259,472 and 40,739,609 issued and outstanding at September 26, 2015, respectively, 100,063,887 and 40,858,006 issued and outstanding at December 31, 2014, respectively)	$ 1.0	$ 1.0
Paid-in capital	2,645.1	2,608.0
Retained earnings	910.1	2,628.6
Accumulated other comprehensive income	286.6	62.6
Common stock in treasury (59,519,863 and 59,205,881 shares at September 26, 2015 and December 31, 2014, respectively)	(3,486.1)	(3,491.5)
Total SPX Corporation shareholders’ equity	356.7	1,808.7
Noncontrolling interests	(37.6)	3.2
Total equity	319.1	1,811.9
TOTAL LIABILITIES AND EQUITY	$ 2,278.8	$ 5,894.3

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.