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CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Current assets:      
Cash and cash equivalents $ 182.4 $ 165.8  
Accounts receivable, net of allowance for credit losses of $8.7 as of September 30, 2025 and $7.7 as of December 31, 2024 300.7 265.9  
U.S. and foreign taxes on income 9.3   $ 8.6
Inventories, net:      
Finished goods 38.3 19.2  
Finished parts and subassemblies 26.4 24.3  
Work in process 23.7 14.3  
Raw materials 107.5 87.0  
Inventories, net 195.9 144.8  
Other current assets 82.3 57.4  
Total current assets 770.6 642.5  
Property, plant and equipment:      
Cost 682.0 599.8  
Less: accumulated depreciation 374.2 327.5  
Property, plant and equipment, net 307.8 272.3  
Long-term deferred tax assets 1.3 2.2  
Intangible assets, net 572.9 419.3  
Goodwill 1,161.4 956.6  
Other assets 103.7 93.6  
Total assets 2,917.7 2,386.5  
Current liabilities:      
Short-term borrowings 247.6 210.0  
Accounts payable 114.7 116.6  
Accrued liabilities 225.7 211.2  
U.S. and foreign taxes on income 21.9 24.6  
Total current liabilities 609.9 562.4  
Long-term debt 834.3 540.6  
Accrued pension and postretirement benefits 21.6 19.4  
Long-term deferred tax liability 149.9 119.0  
Other liabilities 89.5 80.2  
Total liabilities 1,705.2 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 1,715.2 1,719.9  
Retained earnings 336.3 268.4  
Accumulated other comprehensive loss (97.6) (172.6)  
Treasury stock (812.2) (823.2)  
Total shareholders’ equity 1,214.1 1,064.9 1,070.7
Noncontrolling interest (1.6)   $ 0.0
Total equity 1,212.5 1,064.9  
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) 15,019,608 15,244,500  
Common shares outstanding (in shares) 57,422,039 57,197,147