Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Apr. 01, 2017
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 284.0 $ 448.8 $ 273.3
Restricted Cash 9.4 9.4 11.2
Short-Term Investments in Marketable Securities 0.8 0.8 0.7
Total Cash and Short-Term Investments in Marketable Securities 294.2 459.0 285.2
Accounts and Notes Receivable, less Allowances of $9.3, $9.1 and $10.5 617.5 480.2 516.7
Inventories      
Finished Goods 550.8 506.9 523.0
Work-In-Process 98.6 96.8 80.5
Raw Materials 180.3 161.9 143.9
Net Inventories 829.7 765.6 747.4
Prepaid Expenses and Other 40.4 73.1 36.4
Current Assets Held for Sale 80.9 68.8 85.3
Current Assets 1,862.7 1,846.7 1,671.0
Property      
Land 19.9 19.9 18.0
Buildings and Improvements 347.5 340.6 321.9
Equipment 1,002.5 991.9 927.6
Total Land, Buildings and Improvements and Equipment 1,369.9 1,352.4 1,267.5
Accumulated Depreciation (827.3) (812.5) (787.6)
Net Land, Buildings and Improvements and Equipment 542.6 539.9 479.9
Unamortized Product Tooling Costs 130.5 119.6 103.4
Net Property 673.1 659.5 583.3
Other Assets      
Goodwill 428.3 425.3 416.0
Other Intangibles, Net 143.3 144.4 158.6
Equity Investments 29.5 25.0 26.6
Deferred Income Tax Asset 171.0 165.6 297.6
Other Long-Term Assets 47.0 45.1 46.1
Long-Term Assets Held for Sale 49.7 46.6 74.7
Other Assets 868.8 852.0 1,019.6
Total Assets 3,404.6 3,358.2 3,273.9
Current Liabilities      
Current Maturities of Long-Term Debt 5.1 5.6 4.7
Accounts Payable 419.7 409.7 390.3
Accrued Expenses 583.6 563.6 498.4
Current Liabilities Held for Sale 68.0 56.2 63.1
Current Liabilities 1,076.4 1,035.1 956.5
Long-Term Liabilities      
Debt 428.9 431.8 435.4
Postretirement Benefits 218.9 220.8 239.7
Other 196.8 184.9 164.5
Long-Term Liabilities Held for Sale 2.8 2.7 4.2
Long-Term Liabilities 847.4 840.2 843.8
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 87,277,000, 87,537,000 and 89,365,000 Shares 76.9 76.9 76.9
Additional Paid-In Capital 357.4 374.4 364.1
Retained Earnings 1,994.4 1,966.8 1,931.1
Treasury Stock, at Cost: 15,261,000, 15,001,000 and 13,173,000 Shares (599.1) (575.4) (471.1)
Accumulated Other Comprehensive Loss, Net of Tax (348.8) (359.8) (427.4)
Shareholders' Equity 1,480.8 1,482.9 1,473.6
Total Liabilities and Shareholders' Equity $ 3,404.6 $ 3,358.2 $ 3,273.9