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CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets:      
Cash and cash equivalents $ 152.5 $ 165.8  
Accounts receivable, net of allowance for credit losses of $9.2 as of June 30, 2025 and $7.7 as of December 31, 2024 308.8 265.9  
U.S. and foreign taxes on income 16.2   $ 8.6
Inventories, net:      
Finished goods 43.7 19.2  
Finished parts and subassemblies 22.5 24.3  
Work in process 31.1 14.3  
Raw materials 93.0 87.0  
Inventories, net 190.3 144.8  
Other current assets 75.4 57.4  
Total current assets 743.2 642.5  
Property, plant and equipment:      
Cost 676.3 599.8  
Less: accumulated depreciation 366.8 327.5  
Property, plant and equipment, net 309.5 272.3  
Long-term deferred tax assets 1.1 2.2  
Intangible assets, net 592.3 419.3  
Goodwill 1,167.8 956.6  
Other assets 103.8 93.6  
Total assets 2,917.7 2,386.5  
Current liabilities:      
Short-term borrowings 267.4 210.0  
Accounts payable 104.1 116.6  
Accrued liabilities 233.4 211.2  
U.S. and foreign taxes on income 14.2 24.6  
Total current liabilities 619.1 562.4  
Long-term debt 861.8 540.6  
Accrued pension and postretirement benefits 21.5 19.4  
Long-term deferred tax liability 153.6 119.0  
Other liabilities 85.0 80.2  
Total liabilities 1,741.0 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 1,712.7 1,719.9  
Retained earnings 295.5 268.4  
Accumulated other comprehensive loss (92.0) (172.6)  
Treasury stock (813.7) (823.2)  
Total shareholders’ equity 1,174.9 1,064.9  
Noncontrolling interest 1.8   0.0
Total equity 1,176.7 1,064.9 $ 989.8
Total liabilities and equity $ 2,917.7 $ 2,386.5  
Share data:      
Common shares issued (in shares) 72,441,647 72,441,647  
Less: Common shares held in treasury (in shares) 15,054,227 15,244,500  
Common shares outstanding (in shares) 57,387,420 57,197,147