Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 448.8 $ 422.4
Restricted Cash 9.4 11.2
Short-Term Investments in Marketable Securities 0.8 35.8
Total Cash and Short-Term Investments in Marketable Securities 459.0 469.4
Accounts and Notes Receivable, Less Allowances of $9.1 and $12.7 480.2 411.5
Inventories    
Finished Goods 506.9 488.8
Work-In-Process 96.8 68.3
Raw Materials 161.9 141.9
Net Inventories 765.6 699.0
Prepaid Expenses and Other 73.1 37.1
Current Assets Held for Sale 68.8 71.5
Current Assets 1,846.7 1,688.5
Property    
Land 19.9 17.9
Buildings and Improvements 340.6 307.7
Equipment 991.9 923.8
Total Land, Buildings and Improvements and Equipment 1,352.4 1,249.4
Accumulated Depreciation (812.5) (777.1)
Net Land, Buildings and Improvements and Equipment 539.9 472.3
Unamortized Product Tooling Costs 119.6 96.7
Net Property 659.5 569.0
Other Assets    
Goodwill 425.3 413.8
Other Intangibles, Net 144.4 160.1
Equity Investments 25.0 20.7
Deferred Income Tax Asset 165.6 307.8
Other Long-Term Assets 45.1 43.4
Long-term assets Held for Sale 46.6 81.4
Other Assets 852.0 1,027.2
Total Assets 3,358.2 3,284.7
Current Liabilities    
Current Maturities of Long-Term Debt 5.6 5.6
Accounts Payable 409.7 378.2
Accrued Expenses 563.6 521.3
Current Liabilities Held for Sale 56.2 59.8
Current Liabilities 1,035.1 964.9
Long-Term Liabilities    
Debt 431.8 433.8
Postretirement Benefits 220.8 276.3
Other 184.9 162.9
Long-term Liabilities Held for Sale 2.7 6.7
Long-Term Liabilities 840.2 879.7
Shareholders' Equity    
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 87,537,000 and 89,317,000 Shares 76.9 76.9
Additional Paid-In Capital 374.4 382.0
Retained Earnings 1,966.8 1,881.0
Treasury Stock, at Cost: 15,001,000 and 13,221,000 Shares (575.4) (465.2)
Accumulated Other Comprehensive Loss, Net of Tax:    
Foreign Currency Translation (31.6) (51.9)
Prior Service Credits (5.6) (5.1)
Net Actuarial Losses (310.8) (372.0)
Unrealized Losses on Derivatives (11.8) (5.6)
Total Accumulated Other Comprehensive Loss, Net of Tax (359.8) (434.6)
Shareholders' Equity 1,482.9 1,440.1
Total Liabilities and Shareholders' Equity $ 3,358.2 $ 3,284.7