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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 69.1 $ 68.3
Accounts receivable, net 212.5 221.0
Contract assets 25.0 32.5
Inventories, net 157.7 143.1
Other current assets (includes income taxes receivable of $30.1 and $27.3 at July 3, 2021 and December 31, 2020, respectively) 104.2 96.1
Assets of discontinued operations 332.9 121.6
Total current assets 901.4 682.6
Property, plant and equipment:    
Land 14.0 12.9
Buildings and leasehold improvements 67.3 64.9
Machinery and equipment 227.7 215.6
Property, plant and equipment, gross 309.0 293.4
Accumulated depreciation (196.0) (183.4)
Property, plant and equipment, net 113.0 110.0
Goodwill 409.2 368.6
Intangibles, net 325.8 305.0
Other assets 609.4 609.8
Deferred income taxes 51.7 23.9
Assets of discontinued operations 0.0 219.1
TOTAL ASSETS 2,410.5 2,319.0
Current liabilities:    
Accounts payable 86.8 104.6
Contract liabilities 49.5 46.3
Accrued expenses 230.5 209.4
Income taxes payable 2.3 0.4
Short-term debt 168.3 101.2
Current maturities of long-term debt 10.4 7.2
Liabilities of discontinued operations 159.8 115.8
Total current liabilities 707.6 584.9
Long-term debt 238.0 304.0
Deferred and other income taxes 19.1 23.5
Other long-term liabilities 717.6 746.7
Liabilities of discontinued operations 0.0 30.7
Total long-term liabilities 974.7 1,104.9
Commitments and contingent liabilities (Note 15)
Equity:    
Common stock (52,855,255 and 45,304,445 issued and outstanding at July 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 1,321.2 1,319.9
Retained deficit (399.8) (488.1)
Accumulated other comprehensive income 250.6 248.5
Common stock in treasury (7,550,810 and 7,672,648 shares at July 3, 2021 and December 31, 2020, respectively) (444.3) (451.6)
Total equity 728.2 629.2
TOTAL LIABILITIES AND EQUITY $ 2,410.5 $ 2,319.0