Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 03, 2015
Dec. 31, 2014
Sep. 27, 2014
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 621.9 $ 552.7 $ 596.0
Short-term investments in marketable securities 32.5 83.2 0.8
Total cash, cash equivalents and short-term investments in marketable securities 654.4 635.9 596.8
Restricted cash 15.6 15.6 18.6
Accounts and notes receivable, less allowances of $15.9, $16.3 and $20.9 400.7 386.5 401.3
Inventories      
Finished goods 444.3 434.9 433.9
Work-in-process 109.8 82.1 88.4
Raw materials 155.7 135.3 146.5
Net inventories 709.8 652.3 668.8
Deferred income taxes 207.8 208.0 139.2
Prepaid expenses and other 35.3 39.5 31.2
Current assets held for sale 0.0 30.0 39.3
Current assets 2,023.6 1,967.8 1,895.2
Property      
Land 23.1 23.6 23.5
Buildings and improvements 341.6 335.6 324.3
Equipment 867.9 847.2 848.9
Total land, buildings and improvements and equipment 1,232.6 1,206.4 1,196.7
Accumulated depreciation (844.3) (844.1) (852.5)
Net land, buildings and improvements and equipment 388.3 362.3 344.2
Unamortized product tooling costs 101.3 98.0 97.0
Net property 489.6 460.3 441.2
Other assets      
Goodwill 298.5 296.9 299.0
Other intangibles, net 49.9 45.5 46.8
Equity investments 19.6 19.0 39.9
Non-current deferred tax asset 201.1 290.9 294.1
Other long-term assets 44.7 37.5 35.9
Long-term assets held for sale 0.0 12.6 13.0
Other assets 613.8 702.4 728.7
Total assets 3,127.0 3,130.5 3,065.1
Current liabilities      
Short-term debt, including current maturities of long-term debt 4.0 5.5 4.3
Accounts payable 341.0 317.4 326.1
Accrued expenses 518.4 561.5 515.0
Current liabilities held for sale 0.0 15.7 18.1
Current liabilities 863.4 900.1 863.5
Long-term liabilities      
Debt 449.1 446.3 448.3
Deferred income taxes 5.5 3.2 0.0
Postretirement benefits 324.7 398.2 263.1
Other 195.2 203.0 203.8
Long-term liabilities held for sale 0.0 8.2 7.2
Long-term liabilities 974.5 1,058.9 922.4
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 91,168,000, 92,694,000 and 92,943,000 shares 76.9 76.9 76.9
Additional paid-in capital 402.9 395.0 395.7
Retained earnings 1,683.3 1,467.3 1,483.2
Treasury stock, at cost: 11,370,000, 9,844,000 and 9,595,000 shares (371.2) (287.2) (273.3)
Accumulated other comprehensive loss, net of tax (502.8) (480.5) (403.3)
Shareholders' equity 1,289.1 1,171.5 1,279.2
Total liabilities and shareholders' equity $ 3,127.0 $ 3,130.5 $ 3,065.1