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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 03, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 106.9 $ 68.3
Accounts receivable, net 237.6 271.9
Contract assets 75.8 81.1
Inventories, net 169.7 162.0
Other current assets (includes income taxes receivable of $29.3 and $27.3 at April 3, 2021 and December 31, 2020, respectively) 105.5 99.3
Total current assets 695.5 682.6
Property, plant and equipment:    
Land 19.4 19.4
Buildings and leasehold improvements 129.0 128.0
Machinery and equipment 358.9 356.7
Property, plant and equipment, gross 507.3 504.1
Accumulated depreciation (320.7) (314.4)
Property, plant and equipment, net 186.6 189.7
Goodwill 500.2 499.9
Intangibles, net 300.3 305.0
Other assets 613.0 616.6
Deferred income taxes 1.4 3.9
TOTAL ASSETS 2,297.0 2,297.7
Current liabilities:    
Accounts payable 135.0 138.7
Contract liabilities 106.7 103.5
Accrued expenses 234.6 233.9
Income taxes payable 1.6 0.4
Short-term debt 100.0 101.2
Current maturities of long-term debt 8.9 7.2
Total current liabilities 586.8 584.9
Long-term debt 282.6 304.0
Deferred and other income taxes 29.0 23.8
Other long-term liabilities 737.8 755.8
Total long-term liabilities 1,049.4 1,083.6
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,806,597 and 45,237,949 issued and outstanding at April 3, 2021, respectively, and 52,704,973 and 45,032,325 issued and outstanding at December 31, 2020, respectively) 0.5 0.5
Paid-in capital 1,315.8 1,319.9
Retained deficit (461.3) (488.1)
Accumulated other comprehensive income 251.2 248.5
Common stock in treasury (7,568,648 and 7,672,648 shares at April 3, 2021 and December 31, 2020, respectively) (445.4) (451.6)
Total equity 660.8 629.2
TOTAL LIABILITIES AND EQUITY $ 2,297.0 $ 2,297.7