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CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current assets:      
Cash and cash equivalents $ 173.8 $ 165.8  
Accounts receivable, net of allowance for credit losses of $7.9 as of March 31, 2025 and $7.7 as of December 31, 2024 274.0 265.9  
U.S. and foreign taxes on income 7.9   $ 8.6
Inventories, net:      
Finished goods 31.5 19.2  
Finished parts and subassemblies 25.1 24.3  
Work in process 14.3 14.3  
Raw materials 87.4 87.0  
Inventories, net 158.3 144.8  
Other current assets 62.9 57.4  
Total current assets 676.9 642.5  
Property, plant and equipment:      
Cost 620.2 599.8  
Less: accumulated depreciation 344.2 327.5  
Property, plant and equipment, net 276.0 272.3  
Long-term deferred tax assets 0.7 2.2  
Intangible assets, net 412.3 419.3  
Goodwill 964.5 956.6  
Other assets 98.3 93.6  
Total assets 2,428.7 2,386.5  
Current liabilities:      
Short-term borrowings 263.5 210.0  
Accounts payable 87.3 116.6  
Accrued liabilities 197.8 211.2  
U.S. and foreign taxes on income 15.0 24.6  
Total current liabilities 563.6 562.4  
Long-term debt 541.1 540.6  
Accrued pension and postretirement benefits 19.2 19.4  
Long-term deferred tax liability 118.2 119.0  
Other liabilities 80.0 80.2  
Total liabilities 1,322.1 1,321.6  
Commitments and contingencies (Note 12)  
Equity:      
Preferred shares, par value $0.01; 5,000,000 shares authorized 0.0 0.0  
Common shares, par value $1.00; 200,000,000 shares authorized 72.4 72.4  
Capital surplus 1,710.9 1,719.9  
Retained earnings 280.4 268.4  
Accumulated other comprehensive loss (141.7) (172.6)  
Treasury stock (815.4) (823.2)  
Total equity 1,106.6 1,064.9 $ 964.1
Total liabilities and equity $ 2,428.7 $ 2,386.5  
Share data:      
Common shares issued (in shares) 72,441,647 72,441,647  
Less: Common shares held in treasury (in shares) 15,084,188 15,244,500  
Common shares outstanding (in shares) 57,357,459 57,197,147