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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 54.7 $ 68.8
Accounts receivable, net 265.9 269.1
Contract assets 63.4 91.2
Inventories, net 154.9 128.8
Other current assets (includes income taxes receivable of $23.0 and $18.9 at December 31, 2019 and 2018, respectively) 93.2 40.5
Total current assets 632.1 598.4
Property, plant and equipment:    
Land 18.7 19.4
Buildings and leasehold improvements 121.9 125.2
Machinery and equipment 342.6 334.1
Property, plant and equipment, gross 483.2  
Property, plant and equipment, gross   478.7
Accumulated depreciation (304.1)  
Accumulated depreciation   (294.5)
Property, plant and equipment, net 179.1  
Property, plant and equipment, net   184.2
Goodwill 449.3 394.4
Intangibles, net 251.7 198.4
Other assets 605.9 657.7
Deferred income taxes 16.4 24.4
TOTAL ASSETS 2,134.5 2,057.5
Current liabilities:    
Accounts payable 141.6 153.6
Contract liabilities 100.8 79.5
Accrued expenses 220.4 183.7
Income taxes payable 2.2 3.5
Short-term debt 142.6 31.9
Current maturities of long-term debt 1.0 18.0
Total current liabilities 608.6 470.2
Long-term debt 249.9 331.9
Deferred and other income taxes 26.3 23.2
Other long-term liabilities 747.3 817.3
Total long-term liabilities 1,023.5 1,172.4
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,017,204 and 44,202,503 issued and outstanding at December 31, 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 1,302.4 1,295.4
Retained deficit (584.8) (650.1)
Accumulated other comprehensive income 244.3 244.9
Common stock in treasury 7,814,701 and 8,078,473 shares at December 31, 2019 and 2018, respectively) (460.0) (475.8)
Total equity 502.4 414.9
TOTAL LIABILITIES AND EQUITY $ 2,134.5 $ 2,057.5