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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 141.4 $ 125.4
Receivables, net 1,619.9 1,316.4
Unbilled receivables, net 930.5 771.6
Inventories 2,216.5 2,131.6
Income taxes receivable 39.1 42.2
Other current assets 94.9 93.6
Total current assets 5,042.3 4,480.8
Property, plant and equipment, net 1,105.6 1,069.5
Goodwill 1,370.7 1,416.4
Purchased intangible assets, net 783.6 830.2
Deferred income taxes 264.2 262.0
Deferred contract costs 809.5 710.7
Other non-current assets 345.6 359.6
Total assets 9,721.5 9,129.2
Current liabilities:    
Revolving credit facilities 1,036.5 175.0
Accounts payable 1,046.3 1,214.5
Customer advances 673.7 706.9
Payroll-related obligations 191.7 242.5
Income taxes payable 83.3 308.0
Other current liabilities 460.2 442.7
Total current liabilities 3,491.7 3,089.6
Long-term debt, less current maturities 599.1 597.5
Non-current customer advances 1,166.1 1,190.7
Deferred income taxes 25.3 26.8
Other non-current liabilities 514.4 519.3
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding) 0.0 0.0
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued) 0.7 0.7
Additional paid-in capital 833.0 823.0
Retained earnings 4,093.6 3,805.8
Accumulated other comprehensive loss (101.7) (72.0)
Common Stock in treasury, at cost (9,947,383 and 9,627,658 shares, respectively) (900.7) (852.2)
Total shareholders’ equity 3,924.9 3,705.3
Total liabilities and shareholders’ equity $ 9,721.5 $ 9,129.2