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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 163.1 $ 54.7
Accounts receivable, net 239.6 265.9
Contract assets 73.6 63.4
Inventories, net 175.1 154.9
Other current assets (includes income taxes receivable of $22.7 and $23.0 at March 28, 2020 and December 31, 2019, respectively) 92.6 93.2
Total current assets 744.0 632.1
Property, plant and equipment:    
Land 18.7 18.7
Buildings and leasehold improvements 121.0 121.9
Machinery and equipment 343.3 342.6
Property, plant and equipment, gross 483.0 483.2
Accumulated depreciation (306.1) (304.1)
Property, plant and equipment, net 176.9 179.1
Goodwill 446.6 449.3
Intangibles, net 247.6 251.7
Other assets 592.0 605.9
Deferred income taxes 14.8 16.4
TOTAL ASSETS 2,221.9 2,134.5
Current liabilities:    
Accounts payable 148.0 141.6
Contract liabilities 94.0 100.8
Accrued expenses 195.0 220.4
Income taxes payable 2.2 2.2
Short-term debt 260.3 142.6
Current maturities of long-term debt 2.6 1.0
Total current liabilities 702.1 608.6
Long-term debt 248.6 249.9
Deferred and other income taxes 26.2 26.3
Other long-term liabilities 729.9 747.3
Total long-term liabilities 1,004.7 1,023.5
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,225,682 and 44,533,979 issued and outstanding at March 28, 2020, respectively, and 52,017,204 and 44,202,503 issued and outstanding at December 31, 2019, respectively) 0.5 0.5
Paid-in capital 1,298.5 1,302.4
Retained deficit (562.6) (584.8)
Accumulated other comprehensive income 231.4 244.3
Common stock in treasury (7,691,703 and 7,814,701 shares at March 28, 2020 and December 31, 2019, respectively) (452.7) (460.0)
Total equity 515.1 502.4
TOTAL LIABILITIES AND EQUITY $ 2,221.9 $ 2,134.5