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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 419.3 $ 373.2
Restricted cash 1.5 0.4
Accounts receivable, net 785.6 664.6
Unbilled receivables 153.2 140.8
Inventories, net 1,222.1 1,195.6
Deferred charges and prepaid expenses 46.0 39.5
Other current assets 92.0 102.8
Total Current Assets 2,719.7 2,516.9
Property, Plant and Equipment, net 1,351.3 1,306.9
Other Assets    
Goodwill 1,488.0 1,383.3
Other intangible assets, net 1,043.4 1,006.5
Operating lease assets 132.5 130.6
Deferred income taxes 48.5 41.0
Other non-current assets 30.5 25.8
Total Other Assets 2,742.9 2,587.2
Total Assets 6,813.9 6,411.0
Current Liabilities    
Accounts payable, trade 347.0 321.7
Short-term debt, including current portion of long-term debt 58.7 13.0
Salaries, wages and benefits 135.2 142.2
Income taxes payable 13.8 24.4
Other current liabilities 315.0 319.2
Total Current Liabilities 869.7 820.5
Non-Current Liabilities    
Long-term debt 2,139.6 2,049.7
Accrued pension benefits 145.3 157.7
Accrued postretirement benefits 29.8 29.8
Long-term operating lease liabilities 85.7 84.0
Deferred income taxes 168.8 175.0
Other non-current liabilities 102.2 110.2
Total Non-Current Liabilities 2,671.4 2,606.4
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2025 – 79,576,690 shares; 2024 – 79,173,667 shares) Stated capital 40.7 40.7
Other paid-in capital 1,284.2 1,269.3
Retained earnings 2,596.1 2,488.8
Accumulated other comprehensive loss (100.2) (301.7)
Treasury shares at cost (2025 – 9,933,686 shares; 2024 – 9,174,863 shares) (726.1) (670.6)
Total Shareholders’ Equity 3,094.7 2,826.5
Noncontrolling Interest 178.1 157.6
Total Equity 3,272.8 2,984.1
Total Liabilities and Equity $ 6,813.9 $ 6,411.0