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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 146.4 $ 131.7
Accounts receivable, less allowance for credit losses of $1.5 and $1.1 156.3 161.9
Contract assets 28.1 45.2
Inventories, net 154.4 153.5
Asbestos-related insurance receivables, current portion 4.3 4.3
Other current assets 31.7 30.3
Total current assets 521.2 526.9
Property, plant and equipment, net of accumulated depreciation of $403.7 and $385.7 381.4 366.3
Operating lease right-of-use assets 25.4 18.9
Goodwill 365.7 359.8
Other intangible assets, net of amortization 117.7 123.9
Asbestos-related insurance receivables, non-current portion 52.2 52.2
Investments in unconsolidated joint ventures 9.7 11.1
Deferred income taxes 58.0 49.7
Other long-term assets 8.7 8.4
Total assets 1,540.0 1,517.2
Current liabilities    
Accounts payable 47.2 50.3
Accrued employee benefits and compensation 39.7 31.1
Accrued income taxes payable 6.6 2.0
Operating lease obligations, current portion 4.1 3.5
Asbestos-related liabilities, current portion 5.5 5.5
Other accrued liabilities 19.4 24.0
Total current liabilities 122.5 116.4
Borrowings under revolving credit facility 0.0 30.0
Operating lease obligations, non-current portion 21.7 15.4
Asbestos-related liabilities, non-current portion 55.1 56.0
Non-current income tax 6.1 7.2
Deferred income taxes 23.8 22.9
Other long-term liabilities 10.1 10.3
Commitments and contingencies
Shareholders’ equity    
Capital stock - $1 par value; 50.0 authorized shares; 18.6 and 18.6 shares issued and outstanding 18.6 18.6
Additional paid-in capital 155.7 151.8
Retained earnings 1,181.6 1,155.0
Accumulated other comprehensive loss (55.2) (66.4)
Total shareholders' equity 1,300.7 1,259.0
Total liabilities and shareholders' equity $ 1,540.0 $ 1,517.2