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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 64.4 $ 74.1
Accounts receivable less allowances of $18.6 and $16.2, respectively 359.7 348.9
Inventories 289.1 270.4
Other current assets 37.1 38.1
Total current assets 750.3 731.5
Total property, plant and equipment 528.4 505.5
Less: accumulated depreciation (389.6) (368.0)
Property, plant and equipment, net [1] 138.8 137.5
Right of use asset, leases 78.0 81.0
Deferred income taxes 92.8 89.3
Goodwill 478.5 446.4
Identifiable intangibles, net of accumulated amortization of $525.6 and $460.0, respectively 696.9 709.6
Other non-current assets 17.7 33.1
Total assets 2,253.0 2,228.4
Current liabilities:    
Notes payable 0.0 10.5
Current portion of long-term debt 30.8 40.8
Accounts payable 186.7 167.3
Accrued compensation 30.1 43.2
Accrued customer program liabilities 77.1 78.5
Lease liabilities 20.5 21.5
Other current liabilities 120.1 128.5
Total current liabilities 465.3 490.3
Long-term debt, net of debt issuance costs of $4.1 and $5.1, respectively 806.0 783.3
Long-term lease liabilities 63.5 66.9
Deferred income taxes 108.8 111.9
Pension and post-retirement benefit obligations 117.5 117.2
Other non-current liabilities 27.3 52.7
Total liabilities 1,588.4 1,622.3
Stockholders' equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized; 95,581,746 and 98,131,339 shares issued and 90,136,133 and 92,881,008 outstanding, respectively 1.0 1.0
Treasury stock, 5,445,613 and 5,250,331 shares, respectively (47.9) (47.0)
Paid-in capital 1,909.4 1,911.8
Accumulated other comprehensive loss (522.6) (572.1)
Accumulated deficit (675.3) (687.6)
Total stockholders' equity 664.6 606.1
Total liabilities and stockholders' equity $ 2,253.0 $ 2,228.4
[1] Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.