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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 449.1 $ 373.2
Restricted cash 2.4 0.4
Accounts receivable, net 755.9 664.6
Unbilled receivables 160.7 140.8
Inventories, net 1,225.9 1,195.6
Deferred charges and prepaid expenses 46.5 39.5
Other current assets 91.5 102.8
Total Current Assets 2,732.0 2,516.9
Property, Plant and Equipment, net 1,341.2 1,306.9
Other Assets    
Goodwill 1,483.6 1,383.3
Other intangible assets, net 1,021.6 1,006.5
Operating lease assets 140.8 130.6
Deferred income taxes 52.7 41.0
Other non-current assets 30.0 25.8
Total Other Assets 2,728.7 2,587.2
Total Assets 6,801.9 6,411.0
Current Liabilities    
Accounts payable, trade 345.3 321.7
Short-term debt, including current portion of long-term debt 21.4 13.0
Salaries, wages and benefits 152.0 142.2
Income taxes payable 20.3 24.4
Other current liabilities 340.2 319.2
Total Current Liabilities 879.2 820.5
Non-Current Liabilities    
Long-term debt 2,091.4 2,049.7
Accrued pension benefits 142.6 157.7
Accrued postretirement benefits 29.8 29.8
Long-term operating lease liabilities 94.4 84.0
Deferred income taxes 163.5 175.0
Other non-current liabilities 104.2 110.2
Total Non-Current Liabilities 2,625.9 2,606.4
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2025 – 79,590,369 shares; 2024 – 79,173,667 shares) Stated capital 40.7 40.7
Other paid-in capital 1,291.1 1,269.3
Retained earnings 2,641.0 2,488.8
Accumulated other comprehensive loss (111.9) (301.7)
Treasury shares at cost (2025 – 9,934,781 shares; 2024 – 9,174,863 shares) (726.2) (670.6)
Total Shareholders’ Equity 3,134.7 2,826.5
Noncontrolling Interest 162.1 157.6
Total Equity 3,296.8 2,984.1
Total Liabilities and Equity $ 6,801.9 $ 6,411.0