v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 506.5 $ 306.7
Restricted cash 1,223.3 0.0
Accounts receivable, net 358.7 339.1
Inventories, net 376.5 380.4
Other current assets 106.4 159.1
Current assets held for sale 0.0 217.9
Total current assets 2,571.4 1,403.2
Property, plant and equipment, net 278.8 261.3
Long-term deferred tax assets 3.5 11.2
Intangible assets, net 149.5 159.9
Goodwill 683.9 661.6
Other assets 166.3 144.7
Total assets 3,853.4 2,641.9
Current liabilities:    
Accounts payable 189.6 188.2
Accrued liabilities 269.3 303.2
U.S. and foreign taxes on income 6.3 7.9
Current liabilities held for sale 0.0 44.1
Total current liabilities 465.2 543.4
Long-term debt 1,148.2 247.0
Accrued pension, postretirement benefits and post-employment benefits 43.0 69.6
Long-term deferred tax liability 45.9 34.8
Other liabilities 87.7 106.1
Commitments and contingencies (Note 13)
Equity:    
Common shares, par value $1.00; 66,475,307 shares authorized; 57,607,816 and 57,290,198 shares issued and outstanding in 2025 and 2024, respectively 57.6 57.3
Capital surplus 452.0 425.5
Retained earnings 1,531.5 1,217.8
Accumulated other comprehensive income (loss) 20.0 (61.9)
Total shareholders’ equity 2,061.1 1,638.7
Noncontrolling interest 2.3 2.3
Total equity 2,063.4 1,641.0
Total liabilities and equity $ 3,853.4 $ 2,641.9