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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 399.1 $ 364.4
Restricted cash 1.4 1.0
Accounts receivable, less allowances (2026 - $13.7 million; 2025 - $12.3 million) 822.9 689.4
Unbilled receivables 174.0 137.6
Inventories, net 1,249.1 1,243.3
Deferred charges and prepaid expenses 52.7 45.7
Other current assets 143.3 119.4
Total Current Assets 2,842.5 2,600.8
Property, Plant and Equipment, net 1,289.9 1,357.6
Other Assets    
Goodwill 1,517.1 1,486.4
Other intangible assets, net 955.9 1,002.3
Operating lease assets 152.4 152.9
Deferred income taxes 44.9 53.2
Other non-current assets 22.9 23.6
Total Other Assets 2,693.2 2,718.4
Total Assets 6,825.6 6,676.8
Current Liabilities    
Accounts payable, trade 371.1 353.2
Short-term debt, including current portion of long-term debt 40.2 38.9
Salaries, wages and benefits 153.3 157.5
Income taxes payable 17.3 31.4
Other current liabilities 336.4 341.1
Total Current Liabilities 918.3 922.1
Non-Current Liabilities    
Long-term debt 2,036.0 1,883.1
Accrued pension benefits 136.6 148.9
Accrued postretirement benefits 29.2 29.3
Long-term operating lease liabilities 94.3 100.8
Deferred income taxes 151.1 146.7
Other non-current liabilities 97.0 100.2
Total Non-Current Liabilities 2,544.2 2,409.0
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) (2026 – 80,005,960 shares; 2025 – 79,611,543 shares) 40.7 40.7
Other paid-in capital 1,319.3 1,299.5
Retained earnings 2,755.7 2,678.9
Accumulated other comprehensive loss (124.8) (96.5)
Treasury shares at cost (2026 – 10,609,149 shares; 2025 – 10,076,175 shares) (796.4) (738.0)
Total Shareholders’ Equity 3,194.5 3,184.6
Noncontrolling Interest 168.6 161.1
Total Equity 3,363.1 3,345.7
Total Liabilities and Equity $ 6,825.6 $ 6,676.8