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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 128.1 $ 99.4
Accounts receivable, net 325.9 279.8
Contract assets 32.0 16.6
Inventories, net 292.7 276.7
Other current assets 30.0 37.1
Total current assets 808.7 709.6
Property, plant and equipment:    
Land 23.2 17.9
Buildings and leasehold improvements 119.4 73.4
Machinery and equipment 297.5 264.4
Property, plant and equipment, gross 440.1 355.7
Accumulated depreciation (221.4) (215.2)
Property, plant and equipment, net 218.7 140.5
Goodwill 845.0 704.8
Intangibles, net 742.7 680.8
Other assets 154.2 188.9
Deferred income taxes 3.5 4.0
Assets of DBT and Heat Transfer (includes cash and equivalents of $4.9 and $5.5 at June 29, 2024 and December 31, 2023, respectively) (Note 3) 10.3 11.1
TOTAL ASSETS 2,783.1 2,439.7
Current liabilities:    
Accounts payable 128.2 118.7
Contract liabilities 61.7 73.5
Accrued expenses 150.7 168.5
Income taxes payable 12.3 5.3
Short-term debt 256.3 17.9
Current maturities of long-term debt 24.1 17.3
Total current liabilities 633.3 401.2
Long-term debt 509.9 523.1
Deferred and other income taxes 102.9 77.0
Other long-term liabilities 213.2 204.1
Liabilities of DBT and Heat Transfer (Note 3) 40.0 39.7
Total long-term liabilities 866.0 843.9
Commitments and contingent liabilities (Note 15)
Stockholders' Equity:    
Common stock (54,120,924 and 46,289,384 issued and outstanding at June 29, 2024, respectively, and 53,618,720 and 45,674,572 issued and outstanding at December 31, 2023, respectively) 0.5 0.5
Paid-in capital 1,359.1 1,353.6
Retained earnings 131.5 38.3
Accumulated other comprehensive income 244.9 261.1
Common stock in treasury (7,831,540 and 7,944,148 shares at June 29, 2024 and December 31, 2023, respectively) (452.2) (458.9)
Total stockholders' equity 1,283.8 1,194.6
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,783.1 $ 2,439.7