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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and equivalents $ 92.7 $ 99.6
Accounts receivable, net 232.7 251.7
Inventories, net 159.2 145.7
Other current assets 26.5 30.6
Total current assets 511.1 527.6
Property, plant and equipment:    
Land 15.4 15.4
Buildings and leasehold improvements 118.5 117.3
Machinery and equipment 331.4 329.8
Property, plant and equipment, gross 465.3 462.5
Accumulated depreciation (271.7) (267.0)
Property, plant and equipment, net 193.6 195.5
Goodwill 341.9 340.4
Intangibles, net [1] 118.0 117.9
Other assets 671.0 680.5
Deferred income taxes 62.8 50.6
TOTAL ASSETS 1,898.4 1,912.5
Current liabilities:    
Accounts payable 133.1 137.6
Accrued expenses 276.7 304.3
Income taxes payable 6.0 1.7
Short-term debt 17.1 14.8
Current maturities of long-term debt 18.0 17.9
Total current liabilities 450.9 476.3
Long-term debt 319.4 323.5
Deferred and other income taxes 43.0 42.4
Other long-term liabilities 874.1 878.7
Total long-term liabilities 1,236.5 1,244.6
Commitments and contingent liabilities (Note 13)
SPX Corporation shareholders’ equity:    
Common stock (50,913,987 and 42,361,989 issued and outstanding at April 1, 2017, respectively, 50,754,779 and 41,940,089 issued and outstanding at December 31, 2016, respectively) 0.5 0.5
Paid-in capital 1,295.0 1,307.9
Retained deficit (814.2) (831.6)
Accumulated other comprehensive income 234.1 235.1
Common stock in treasury (8,551,998 and 8,814,690 shares at April 1, 2017 and December 31, 2016, respectively) (504.4) (520.3)
Total equity 211.0 191.6
TOTAL LIABILITIES AND EQUITY $ 1,898.4 $ 1,912.5
[1] Changes in the gross carrying values of “Other Intangibles, Net” during the three months ended April 1, 2017 related to foreign currency translation.