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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 34.6 $ 68.8
Accounts receivable, net 251.5 269.1
Contract assets 62.5 91.2
Inventories, net 155.5 128.8
Other current assets (includes income taxes receivable of $18.1 and $18.9 at June 29, 2019 and December 31, 2018, respectively) 41.4 40.5
Total current assets 545.5 598.4
Property, plant and equipment:    
Land 18.7 19.4
Buildings and leasehold improvements 119.1 125.2
Machinery and equipment 331.4 334.1
Property, plant and equipment, gross 469.2 478.7
Accumulated depreciation (294.4) (294.5)
Property, plant and equipment, net 174.8 184.2
Goodwill 431.4 394.4
Intangibles, net 229.2 198.4
Other assets 665.4 657.7
Deferred income taxes 21.0 24.4
TOTAL ASSETS 2,067.3 2,057.5
Current liabilities:    
Accounts payable 135.9 153.6
Contract liabilities 80.3 79.5
Accrued expenses 174.5 183.7
Income taxes payable 2.3 3.5
Short-term debt 59.5 31.9
Current maturities of long-term debt 14.1 18.0
Total current liabilities 466.6 470.2
Long-term debt 328.0 331.9
Deferred and other income taxes 31.5 23.2
Other long-term liabilities 804.5 817.3
Total long-term liabilities 1,164.0 1,172.4
Commitments and contingent liabilities (Note 15)
SPX Corporation shareholders’ equity:    
Common stock (51,829,378 and 44,012,557 issued and outstanding at June 29, 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 1,285.3 1,295.4
Retained deficit (631.7) (650.1)
Accumulated other comprehensive income 242.7 244.9
Common stock in treasury (7,816,821 and 8,078,473 shares at June 29, 2019 and December 31, 2018, respectively) (460.1) (475.8)
Total equity 436.7 414.9
TOTAL LIABILITIES AND EQUITY $ 2,067.3 $ 2,057.5