Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 595.6 $ 354.5
Less: Restricted Cash 12.9 12.2
Short-Term Investments in Marketable Securities 4.5 0.8
Total Cash and Short-Term Investments in Marketable Securities 613.0 367.5
Accounts and Notes Receivable, Less Allowances of $11.3 and $9.2 543.0 485.3
Inventories    
Finished Goods 836.1 685.5
Work-In-Process 209.1 176.8
Raw Materials 426.2 345.7
Net Inventories 1,471.4 1,208.0
Prepaid Expenses and Other 67.8 63.8
Current Assets 2,695.2 2,124.6
Property    
Land 42.4 34.7
Buildings and Improvements 564.4 479.3
Equipment 1,488.1 1,332.4
Total Land, Buildings and Improvements and Equipment 2,094.9 1,846.4
Accumulated Depreciation (1,051.4) (989.6)
Net Land, Buildings and Improvements and Equipment 1,043.5 856.8
Unamortized Product Tooling Costs 227.3 190.1
Net Property 1,270.8 1,046.9
Other Assets    
Goodwill 967.6 888.4
Other Intangibles, Net 997.4 1,052.1
Equity Investments 54.0 43.8
Deferred Revenue 203.3 146.0
Operating lease assets 114.8 92.8
Other long-term assets 18.2 30.4
Other Assets 2,355.3 2,253.5
Total Assets 6,321.3 5,425.0
Current Liabilities    
Short-Term Debt and Current Maturities of Long-Term Debt 89.0 37.4
Accounts Payable 662.6 693.5
Accrued Expenses 738.3 711.3
Current Liabilities 1,489.9 1,442.2
Long-Term Liabilities    
Debt 2,420.0 1,779.0
Non-Current Operating Lease Liabilities 97.8 75.5
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 60.7 3.1
Postretirement Benefits 49.5 66.5
Other 161.1 144.5
Long-Term Liabilities 2,789.1 2,068.6
Shareholders' Equity    
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 86,757,000 and 87,537,000 Shares 76.9 76.9
Additional Paid-In Capital 391.3 394.5
Retained Earnings 3,288.5 2,720.1
Treasury Stock, at Cost: 15,781,000 and 15,001,000 Shares (1,684.9) (1,245.8)
Accumulated Other Comprehensive Loss, Net of Tax:    
Foreign Currency Translation (71.3) (34.5)
Prior Service Credits (4.1) (3.7)
Net Actuarial Losses 9.7 (3.4)
Unrealized Gain (Loss) on Investments 0.2 0.2
Unrealized Losses on Derivatives 36.0 9.9
Total Accumulated Other Comprehensive Loss, Net of Tax (29.5) (31.5)
Shareholders' Equity 2,042.3 1,914.2
Total Liabilities and Shareholders' Equity $ 6,321.3 $ 5,425.0
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75
Common Stock, Shares Outstanding 71,365,000 76,933,000
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000
Treasury Stock, Shares (in Shares) 31,173,000 25,605,000
Accounts and Notes Receivable, Allowances $ 10.2 $ 9.7