v3.26.1

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Apr. 03, 2026	Dec. 31, 2025
Current assets:
Cash and equivalents	$ 268.0	$ 318.8
Accounts receivable less allowance for credit losses of $8.5 and $7.8, respectively	277.2	285.3
Inventories:
Finished goods	64.0	63.5
Work in process	133.1	119.5
Raw materials	124.2	118.6
Inventories, net	321.3	301.6
Prepaid expenses and other current assets	63.0	70.4
Total current assets	929.5	976.1
Property, plant and equipment, net of accumulated depreciation of $471.9 and $468.7, respectively	214.8	214.2
Other assets	172.7	163.7
Goodwill	1,617.3	1,672.4
Other intangible assets, net	762.5	795.2
Total assets	3,696.8	3,821.6
Current liabilities:
Current portion of long-term debt	0.0	530.4
Trade accounts payable	248.8	263.7
Accrued expenses and other current liabilities	330.2	365.6
Total current liabilities	579.0	1,159.7
Long-term debt	1,148.3	618.4
Other long-term liabilities	404.0	409.2
Total liabilities	2,131.3	2,187.3
Commitments and contingencies (Note 9)
Equity:
Common stock: $0.01 par value, 1,300.0 shares authorized; 113124342 and 112884493 issued; and 111.9 and 112884493 outstanding, respectively	1.1	1.1
Preferred stock: $0.01 par value, 10.0 shares authorized; no shares issued and outstanding	0.0	0.0
Additional paid-in capital	3,232.2	3,223.4
Treasury stock, at cost	(50.5)	0.0
Accumulated deficit	(1,306.7)	(1,345.3)
Accumulated other comprehensive loss	(310.6)	(244.9)
Total equity	1,565.5	1,634.3
Total liabilities and equity	$ 3,696.8	$ 3,821.6

Carrying value as of the balance sheet date of obligations 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).

Ralliant Corp 10-Q