XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 147.8 $ 388.2
Accounts receivable, net 263.5 223.4
Contract assets 23.9 28.9
Inventories, net 244.0 189.8
Other current assets 41.9 73.1
Total current assets 721.1 903.4
Property, plant and equipment:    
Land 13.9 13.9
Buildings and leasehold improvements 63.7 62.9
Machinery and equipment 233.4 231.4
Property, plant and equipment, gross 311.0 308.2
Accumulated depreciation (201.1) (194.9)
Property, plant and equipment, net 109.9 113.3
Goodwill 455.3 457.3
Intangibles, net 401.6 415.5
Other assets 197.4 675.9
Deferred income taxes 2.7 11.0
Assets of DBT and Heat Transfer (includes cash and equivalents of $9.3 and $7.8 at December 31, 2022 and 2021, respectively) (Note 4) 42.9 52.2
TOTAL ASSETS 1,930.9 2,628.6
Current liabilities:    
Accounts payable 124.5 119.6
Contract liabilities 52.8 44.7
Accrued expenses 148.0 217.9
Income taxes payable 4.7 42.1
Short-term debt 1.8 2.2
Current maturities of long-term debt 2.0 13.0
Total current liabilities 333.8 439.5
Long-term debt 243.0 230.8
Deferred and other income taxes 34.8 31.3
Other long-term liabilities 208.3 788.5
Liabilities of DBT and Heat Transfer (Note 4) 31.8 35.6
Total long-term liabilities 517.9 1,086.2
Commitments and contingent liabilities (Note 15)
Stockholders' equity:    
Common stock (53,350,918 and 45,291,989 issued and outstanding at December 31, 2022, respectively, and 53,011,255 and 45,467,768 issued and outstanding at December 31, 2021, respectively) 0.5 0.5
Paid-in capital 1,338.3 1,334.2
Retained deficit (51.6) (51.8)
Accumulated other comprehensive income 257.5 263.9
Common stock in treasury (8,058,929 and 7,543,487 shares at December 31, 2022 and 2021 respectively) (465.5) (443.9)
Total stockholders' equity 1,079.2 1,102.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,930.9 $ 2,628.6