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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2016
Dec. 31, 2015
Current assets:    
Cash and equivalents $ 102.0 $ 101.4
Accounts receivable, net 340.5 367.0
Inventories, net 181.5 170.7
Other current assets 36.2 36.1
Assets held for sale 0.0 107.1
Total current assets 660.2 782.3
Property, plant and equipment:    
Land 16.3 16.3
Buildings and leasehold improvements 123.3 120.4
Machinery and equipment 362.0 357.2
Property, plant and equipment, gross 501.6 493.9
Accumulated depreciation (288.2) (274.4)
Property, plant and equipment, net 213.4 219.5
Goodwill 343.7 342.8
Intangibles, net 146.3 [1] 154.2
Other assets 623.5 629.6
Deferred income taxes 51.8 50.9
TOTAL ASSETS 2,038.9 2,179.3
Current liabilities:    
Accounts payable 148.8 176.9
Accrued expenses 383.2 403.7
Income taxes payable 4.2 1.7
Short-term debt 21.5 22.1
Current maturities of long-term debt 17.9 9.1
Liabilities held for sale 0.0 41.3
Total current liabilities 575.6 654.8
Long-term debt 334.5 340.6
Deferred and other income taxes 48.7 55.2
Other long-term liabilities 807.5 820.4
Total long-term liabilities 1,190.7 1,216.2
Commitments and contingent liabilities (Note 13)
SPX Corporation shareholders’ equity:    
Common stock (100,539,906 and 41,716,444 issued and outstanding at July 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 2,583.2 2,649.6
Retained earnings 914.8 897.8
Accumulated other comprehensive income 242.2 283.3
Common stock in treasury (58,823,462 and 59,109,967 shares at July 2, 2016 and December 31, 2015, respectively) (3,468.6) (3,486.3)
Total SPX Corporation shareholders’ equity 272.6 345.4
Noncontrolling interests 0.0 (37.1)
Total equity 272.6 308.3
TOTAL LIABILITIES AND EQUITY $ 2,038.9 $ 2,179.3
[1] Changes in the gross carrying values of “Other Intangibles, Net” during the six months ended July 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.