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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and equivalents $ 100.9 $ 147.8
Accounts receivable, net 304.7 263.5
Contract assets 33.4 23.9
Inventories, net 291.5 244.0
Other current assets 38.1 41.9
Total current assets 768.6 721.1
Property, plant and equipment:    
Land 17.3 13.9
Buildings and leasehold improvements 73.2 63.7
Machinery and equipment 257.5 233.4
Property, plant and equipment, gross 348.0 311.0
Accumulated depreciation (212.9) (201.1)
Property, plant and equipment, net 135.1 109.9
Goodwill 674.9 455.3
Intangibles, net 687.9 401.6
Other assets 193.0 197.4
Deferred income taxes 3.2 2.7
Assets of DBT and Heat Transfer (includes cash and equivalents of $1.1 and $9.3 at September 30, 2023 and December 31, 2022, respectively) (Note 3) 10.3 42.9
TOTAL ASSETS 2,473.0 1,930.9
Current liabilities:    
Accounts payable 131.7 124.5
Contract liabilities 66.8 52.8
Accrued expenses 147.1 148.0
Income taxes payable 4.0 4.7
Short-term debt 130.1 1.8
Current maturities of long-term debt 14.0 2.0
Total current liabilities 493.7 333.8
Long-term debt 529.8 243.0
Deferred and other income taxes 63.1 34.8
Other long-term liabilities 200.0 208.3
Liabilities of DBT and Heat Transfer (Note 3) 39.5 31.8
Total long-term liabilities 832.4 517.9
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (53,581,770 and 45,634,180 issued and outstanding at September 30, 2023, respectively, and 53,350,918 and 45,291,989 issued and outstanding at December 31, 2022, respectively) 0.5 0.5
Paid-in capital 1,348.0 1,338.3
Retained earnings (deficit) 6.8 (51.6)
Accumulated other comprehensive income 250.7 257.5
Common stock in treasury (7,947,590 and 8,058,929 shares at September 30, 2023 and December 31, 2022, respectively) (459.1) (465.5)
Total stockholders' equity 1,146.9 1,079.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,473.0 $ 1,930.9