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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 39.0 $ 68.8
Accounts receivable, net 250.3 269.1
Contract assets 68.9 91.2
Inventories, net 151.5 128.8
Other current assets (includes income taxes receivable of $18.9 and $18.9 at March 30, 2019 and December 31, 2018, respectively) 44.0 40.5
Total current assets 553.7 598.4
Property, plant and equipment:    
Land 18.7 19.4
Buildings and leasehold improvements 118.7 125.2
Machinery and equipment 330.2 334.1
Property, plant and equipment, gross 467.6 478.7
Accumulated depreciation (289.3) (294.5)
Property, plant and equipment, net 178.3 184.2
Goodwill 430.0 394.4
Intangibles, net 231.9 198.4
Other assets 685.4 657.7
Deferred income taxes 22.1 24.4
TOTAL ASSETS 2,101.4 2,057.5
Current liabilities:    
Accounts payable 142.2 153.6
Contract liabilities 84.0 79.5
Accrued expenses 176.5 183.7
Income taxes payable 3.1 3.5
Short-term debt 75.0 31.9
Current maturities of long-term debt 14.2 18.0
Total current liabilities 495.0 470.2
Long-term debt 332.3 331.9
Deferred and other income taxes 30.6 23.2
Other long-term liabilities 828.2 817.3
Total long-term liabilities 1,191.1 1,172.4
Commitments and contingent liabilities (Note 15)
SPX Corporation shareholders’ equity:    
Common stock (51,673,391 and 43,844,474 issued and outstanding at March 30, 2019, respectively, and 51,528,778 and 43,450,305 issued and outstanding at December 31, 2018, respectively) 0.5 0.5
Paid-in capital 1,279.9 1,295.4
Retained deficit (650.9) (650.1)
Accumulated other comprehensive income 246.6 244.9
Common stock in treasury (7,828,917 and 8,078,473 shares at March 30, 2019 and December 31, 2018, respectively) (460.8) (475.8)
Total equity 415.3 414.9
TOTAL LIABILITIES AND EQUITY $ 2,101.4 $ 2,057.5