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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 02, 2016
Dec. 31, 2015
Current assets:    
Cash and equivalents $ 97.9 $ 101.4
Accounts receivable, net 339.5 367.0
Inventories, net 189.3 170.7
Other current assets 39.0 36.1
Assets held for sale 0.0 107.1
Total current assets 665.7 782.3
Property, plant and equipment:    
Land 16.3 16.3
Buildings and leasehold improvements 122.3 120.4
Machinery and equipment 359.2 357.2
Property, plant and equipment, gross 497.8 493.9
Accumulated depreciation (280.8) (274.4)
Property, plant and equipment, net 217.0 219.5
Goodwill 344.9 342.8
Intangibles, net 147.8 [1] 154.2
Other assets 625.0 629.6
Deferred income taxes 51.8 50.9
TOTAL ASSETS 2,052.2 2,179.3
Current liabilities:    
Accounts payable 147.6 176.9
Accrued expenses 367.0 403.7
Income taxes payable 2.7 1.7
Short-term debt 38.4 22.1
Current maturities of long-term debt 13.5 9.1
Liabilities held for sale 0.0 41.3
Total current liabilities 569.2 654.8
Long-term debt 337.6 340.6
Deferred and other income taxes 49.8 55.2
Other long-term liabilities 810.3 820.4
Total long-term liabilities $ 1,197.7 $ 1,216.2
Commitments and contingent liabilities (Note 13)
SPX Corporation shareholders’ equity:    
Common stock (100,372,654 and 41,564,665 issued and outstanding at April 2, 2016, respectively, 100,525,876 and 41,415,909 issued and outstanding at December 31, 2015, respectively) $ 1.0 $ 1.0
Paid-in capital 2,633.9 2,649.6
Retained earnings 910.8 897.8
Accumulated other comprehensive income 245.6 283.3
Common stock in treasury (58,807,989 and 59,109,967 shares at April 2, 2016 and December 31, 2015, respectively) (3,468.5) (3,486.3)
Total SPX Corporation shareholders’ equity 322.8 345.4
Noncontrolling interests (37.5) (37.1)
Total equity 285.3 308.3
TOTAL LIABILITIES AND EQUITY $ 2,052.2 $ 2,179.3
[1] Changes in the gross carrying values of “Other Intangibles, Net” during the three months ended April 2, 2016 related to the sale of our dry cooling business, the impairment charge related to the Heat Transfer trademarks noted above, and, to a lesser extent, foreign currency translation.