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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 68.3 $ 54.6
Accounts receivable, net 271.8 264.8
Contract assets 81.1 63.1
Inventories, net 162.0 154.9
Other current assets (includes income taxes receivable of $27.3 and $23.0 at December 31, 2020 and 2019, respectively) 99.1 93.0
Assets of discontinued operations 0.3 1.7
Total current assets 682.6 632.1
Property, plant and equipment:    
Land 19.4 18.7
Buildings and leasehold improvements 128.0 121.9
Machinery and equipment 356.7 342.3
Property, plant and equipment, gross 504.1 482.9
Accumulated depreciation (314.4) (303.8)
Property, plant and equipment, net 189.7 179.1
Goodwill 499.9 449.3
Intangibles, net 305.0 251.7
Other assets 616.4 605.5
Deferred income taxes 3.9 16.4
Assets of discontinued operations 0.2 0.4
TOTAL ASSETS 2,297.7 2,134.5
Current liabilities:    
Accounts payable 138.5 141.2
Contract liabilities 103.5 100.5
Accrued expenses 233.6 219.6
Income taxes payable 0.4 2.2
Short-term debt 101.2 142.6
Current maturities of long-term debt 7.2 1.0
Liabilities of discontinued operations 0.5 1.5
Total current liabilities 584.9 608.6
Long-term debt 304.0 249.9
Deferred and other income taxes 23.8 26.3
Other long-term liabilities 755.8 747.1
Liabilities of discontinued operations 0.0 0.2
Total long-term liabilities 1,083.6 1,023.5
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,704,973 and 45,032,325 issued and outstanding at December 31, 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 1,319.9 1,302.4
Retained deficit (488.1) (584.8)
Accumulated other comprehensive income 248.5 244.3
Common stock in treasury 7,672,648 and 7,814,701 shares at December 31, 2020 and 2019, respectively) (451.6) (460.0)
Total equity 629.2 502.4
TOTAL LIABILITIES AND EQUITY $ 2,297.7 $ 2,134.5