Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2016
Dec. 31, 2015
Apr. 04, 2015
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 282.2 $ 657.3 $ 368.2
Short-term investments in marketable securities 0.8 11.5 57.8
Total cash, cash equivalents and short-term investments in marketable securities 283.0 668.8 426.0
Restricted cash 12.7 12.7 15.6
Accounts and notes receivable, less allowances of $14.9, $13.8 and $16.2 526.3 398.1 473.7
Inventories      
Finished goods 481.8 444.4 437.4
Work-in-process 98.3 88.4 98.5
Raw materials 157.3 152.2 143.9
Net inventories 737.4 685.0 679.8
Prepaid expenses and other 50.0 39.8 40.9
Current assets held for sale 0.0 0.0 31.0
Current assets 1,609.4 1,804.4 1,667.0
Property      
Land 22.8 24.2 23.5
Buildings and improvements 378.4 351.8 333.8
Equipment 910.4 886.8 854.9
Total land, buildings and improvements and equipment 1,311.6 1,262.8 1,212.2
Accumulated depreciation (870.1) (861.4) (847.3)
Net land, buildings and improvements and equipment 441.5 401.4 364.9
Unamortized product tooling costs 108.9 103.8 99.0
Net property 550.4 505.2 463.9
Other assets      
Goodwill 380.3 298.7 296.0
Other intangibles, net 136.8 55.1 44.2
Equity investments 27.3 21.5 25.1
Non-current deferred tax asset 372.1 420.2 479.4
Other long-term assets 46.4 47.4 42.5
Long-term assets held for sale 0.0 0.0 11.9
Other assets 962.9 842.9 899.1
Total assets 3,122.7 3,152.5 3,030.0
Current liabilities      
Current maturities of long-term debt 4.8 6.0 5.0
Accounts payable 362.0 339.1 347.4
Accrued expenses 529.4 563.0 477.4
Current liabilities held for sale 0.0 0.0 15.5
Current liabilities 896.2 908.1 845.3
Long-term liabilities      
Debt 446.1 442.5 448.8
Deferred income taxes 2.3 12.3 4.1
Postretirement benefits 310.7 347.5 333.7
Other 162.1 160.8 193.6
Long-term liabilities held for sale 0.0 0.0 7.3
Long-term liabilities 921.2 963.1 987.5
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 90,712,000, 90,813,000 and 92,716,000 shares 76.9 76.9 76.9
Additional paid-in capital 380.7 408.0 392.9
Retained earnings 1,711.7 1,660.4 1,512.7
Treasury stock, at cost: 11,826,000, 11,725,000 and 9,822,000 shares (398.1) (389.9) (293.5)
Accumulated other comprehensive loss, net of tax (465.9) (474.1) (491.8)
Shareholders' equity 1,305.3 1,281.3 1,197.2
Total liabilities and shareholders' equity $ 3,122.7 $ 3,152.5 $ 3,030.0