v3.25.2

CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 152.5	$ 165.8
Accounts receivable, net of allowance for credit losses of $9.2 as of June 30, 2025 and $7.7 as of December 31, 2024	308.8	265.9
U.S. and foreign taxes on income	16.2		$ 8.6
Inventories, net:
Finished goods	43.7	19.2
Finished parts and subassemblies	22.5	24.3
Work in process	31.1	14.3
Raw materials	93.0	87.0
Inventories, net	190.3	144.8
Other current assets	75.4	57.4
Total current assets	743.2	642.5
Property, plant and equipment:
Cost	676.3	599.8
Less: accumulated depreciation	366.8	327.5
Property, plant and equipment, net	309.5	272.3
Long-term deferred tax assets	1.1	2.2
Intangible assets, net	592.3	419.3
Goodwill	1,167.8	956.6
Other assets	103.8	93.6
Total assets	2,917.7	2,386.5
Current liabilities:
Short-term borrowings	267.4	210.0
Accounts payable	104.1	116.6
Accrued liabilities	233.4	211.2
U.S. and foreign taxes on income	14.2	24.6
Total current liabilities	619.1	562.4
Long-term debt	861.8	540.6
Accrued pension and postretirement benefits	21.5	19.4
Long-term deferred tax liability	153.6	119.0
Other liabilities	85.0	80.2
Total liabilities	1,741.0	1,321.6
Commitments and contingencies (Note 12)
Equity:
Preferred shares, par value $0.01; 5,000,000 shares authorized	0.0	0.0
Common shares, par value $1.00; 200,000,000 shares authorized	72.4	72.4
Capital surplus	1,712.7	1,719.9
Retained earnings	295.5	268.4
Accumulated other comprehensive loss	(92.0)	(172.6)
Treasury stock	(813.7)	(823.2)
Total shareholders’ equity	1,174.9	1,064.9
Noncontrolling interest	1.8		0.0
Total equity	1,176.7	1,064.9	$ 989.8
Total liabilities and equity	$ 2,917.7	$ 2,386.5
Share data:
Common shares issued (in shares)	72,441,647	72,441,647
Less: Common shares held in treasury (in shares)	15,054,227	15,244,500
Common shares outstanding (in shares)	57,387,420	57,197,147

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Crane NXT, Co. 10-Q