Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2016
Dec. 31, 2015
Jul. 04, 2015
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 492.8 $ 657.3 $ 582.9
Short-term investments in marketable securities 0.5 11.5 25.8
Total cash, cash equivalents and short-term investments in marketable securities 493.3 668.8 608.7
Restricted cash 12.7 12.7 15.6
Accounts and notes receivable, less allowances of $14.5, $13.8 and $16.3 482.1 398.1 446.8
Inventories      
Finished goods 455.0 444.4 427.3
Work-in-process 94.9 88.4 96.7
Raw materials 156.9 152.2 146.0
Net inventories 706.8 685.0 670.0
Prepaid expenses and other 38.0 39.8 31.6
Current assets 1,732.9 1,804.4 1,772.7
Property      
Land 23.2 24.2 23.6
Buildings and improvements 387.5 351.8 338.7
Equipment 931.4 886.8 864.0
Total land, buildings and improvements and equipment 1,342.1 1,262.8 1,226.3
Accumulated depreciation (881.0) (861.4) (847.8)
Net land, buildings and improvements and equipment 461.1 401.4 378.5
Unamortized product tooling costs 111.5 103.8 98.4
Net property 572.6 505.2 476.9
Other assets      
Goodwill 393.1 298.7 296.3
Other intangibles, net 135.0 55.1 45.1
Equity investments 26.0 21.5 25.9
Non-current deferred tax asset 334.6 420.2 441.6
Other long-term assets 49.4 47.4 41.8
Other assets 938.1 842.9 850.7
Total assets 3,243.6 3,152.5 3,100.3
Current liabilities      
Current maturities of long-term debt 4.7 6.0 4.5
Accounts payable 366.3 339.1 338.2
Accrued expenses 559.6 563.0 520.5
Current liabilities 930.6 908.1 863.2
Long-term liabilities      
Debt 447.9 442.5 445.6
Deferred income taxes 2.2 12.3 3.6
Postretirement benefits 308.7 347.5 327.8
Other 166.0 160.8 196.6
Long-term liabilities 924.8 963.1 973.6
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 90,315,000, 90,813,000 and 91,934,000 shares 76.9 76.9 76.9
Additional paid-in capital 385.6 408.0 398.1
Retained earnings 1,806.2 1,660.4 1,619.0
Treasury stock, at cost: 12,223,000, 11,725,000 and 10,604,000 shares (417.2) (389.9) (332.6)
Accumulated other comprehensive loss, net of tax (463.3) (474.1) (497.9)
Shareholders' equity 1,388.2 1,281.3 1,263.5
Total liabilities and shareholders' equity $ 3,243.6 $ 3,152.5 $ 3,100.3