Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 222.3	$ 128.7
Accounts receivable, less allowances of $8.6 and $8.5, respectively	202.3	215.1
Inventories — net	567.2	473.1
Notes receivable — net	17.6	13.6
Other current assets	43.1	35.5
Total current assets	1,052.5	866.0
Property, plant and equipment — net	301.8	294.3
Operating lease right-of-use assets	31.9	37.9
Goodwill	239.7	235.1
Other intangible assets — net	124.2	121.6
Other non-current assets	35.5	48.6
Total assets	1,785.6	1,603.5
Current Liabilities:
Accounts payable and accrued expenses	424.2	329.4
Short-term borrowings and current portion of long-term debt	8.4	10.5
Product warranties	45.4	50.2
Customer advances	27.6	25.5
Other liabilities	21.3	20.2
Total current liabilities	526.9	435.8
Non-Current Liabilities:
Long-term debt	399.9	300.4
Operating lease liabilities	23.1	28.4
Deferred income taxes	1.5	5.9
Pension obligations	88.3	89.3
Postretirement health and other benefit obligations	13.0	14.0
Long-term deferred revenue	29.0	32.4
Other non-current liabilities	54.9	53.8
Total non-current liabilities	609.7	524.2
Commitments and contingencies (Note 19)
Stockholders' Equity:
Preferred stock (3,500,000 shares authorized of $.01 par value; none outstanding)	0.0	0.0
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,041,379 and 34,580,638 shares outstanding, respectively)	0.4	0.4
Additional paid-in capital	601.8	595.1
Accumulated other comprehensive loss	(118.6)	(97.5)
Retained earnings	231.5	216.9
Treasury stock, at cost (5,752,604 and 6,213,345 shares, respectively)	(66.1)	(71.4)
Total stockholders' equity	649.0	643.5
Total liabilities and stockholders' equity	$ 1,785.6	$ 1,603.5

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.