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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 35.0 $ 140.3
Accounts receivable, less allowances of $10.1 and $10.3, respectively 265.1 171.8
Inventories — net 552.3 453.1
Notes receivable — net 17.9 19.4
Other current assets 37.2 58.3
Total current assets 907.5 842.9
Property, plant and equipment — net 283.5 288.9
Operating lease right-of-use assets 47.6  
Goodwill 232.7 232.8
Other intangible assets — net 117.5 118.1
Other long-term assets 63.8 59.2
Total assets 1,652.6 1,541.9
Current Liabilities:    
Accounts payable and accrued expenses 421.9 425.2
Short-term borrowings and current portion of long-term debt 8.7 6.4
Product warranties 42.4 39.1
Customer advances 10.6 9.6
Other liabilities 25.3 16.3
Total current liabilities 508.9 496.6
Non-Current Liabilities:    
Long-term debt 309.6 266.7
Operating lease liabilities 37.0  
Deferred income taxes 5.3 5.7
Pension obligations 82.9 85.7
Postretirement health and other benefit obligations 18.0 18.3
Long-term deferred revenue 28.5 25.2
Other non-current liabilities 42.7 42.4
Total non-current liabilities 524.0 444.0
Commitments and contingencies (Note 16)
Stockholders' Equity:    
Preferred stock (authorized 3,500,000 shares of $.01 par value; none outstanding)
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,347,546 and 35,588,833 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 588.8 584.8
Accumulated other comprehensive loss (116.2) (116.6)
Retained earnings 208.9 189.6
Treasury stock, at cost (5,446,437 and 5,205,150 shares, respectively) (62.2) (56.9)
Total stockholders' equity 619.7 601.3
Total liabilities and stockholders' equity $ 1,652.6 $ 1,541.9