Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Oct. 01, 2022
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 330.9 $ 595.6 $ 457.4
Restricted cash 11.1 12.9 11.7
Short-Term Investments in Marketable Securities 0.8 4.5 34.5
Total Cash and Short-Term Investments in Marketable Securities 342.8 613.0 503.6
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 568.2 543.0 557.7
Inventories      
Finished Goods 825.4 836.1 754.4
Work-In-Process 194.5 209.1 224.0
Raw Materials 425.1 426.2 451.4
Net Inventories 1,445.0 1,471.4 1,429.8
Prepaid Expenses and Other 85.3 67.8 103.9
Current Assets 2,441.3 2,695.2 2,595.0
Property      
Land 44.0 42.4 42.2
Buildings and Improvements 609.3 564.4 547.2
Equipment 1,529.0 1,488.1 1,425.1
Total Land, Buildings and Improvements and Equipment 2,182.3 2,094.9 2,014.5
Accumulated Depreciation (1,111.0) (1,051.4) (1,031.0)
Net Land, Buildings and Improvements and Equipment 1,071.3 1,043.5 983.5
Unamortized Product Tooling Costs 240.3 227.3 237.6
Net Property 1,311.6 1,270.8 1,221.1
Other Assets      
Goodwill 1,007.6 967.6 962.2
Other Intangibles, Net 999.8 997.4 1,005.4
Operating Lease Assets 136.2 114.8 111.4
Deferred Income Tax Asset 150.9 203.3 137.7
Equity Investments 35.6 54.0 47.7
Other Long-Term Assets 17.9 18.2 44.4
Other Assets 2,348.0 2,355.3 2,308.8
Total Assets 6,100.9 6,321.3 6,124.9
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 455.3 89.0 84.9
Accounts Payable 493.4 662.6 631.6
Accrued Expenses 710.5 738.3 662.8
Current Liabilities 1,659.2 1,489.9 1,379.3
Long-Term Liabilities      
Debt 1,975.7 2,420.0 2,419.1
Operating Lease Liabilities 117.8 97.8 95.7
Postretirement Benefits 45.6 49.5 62.7
Other 204.4 161.1 164.5
Long-Term Liabilities 2,355.9 2,789.1 2,744.6
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares 76.9 76.9 76.9
Additional Paid-In Capital 385.2 391.3 386.0
Retained Earnings 3,563.4 3,288.5 3,173.0
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,897.6) (1,684.9) (1,595.2)
Accumulated Other Comprehensive Loss (42.1) (29.5) (39.7)
Shareholders' Equity 2,085.8 2,042.3 2,001.0
Total Liabilities and Shareholders' Equity $ 6,100.9 $ 6,321.3 $ 6,124.9
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000 102,538,000
Accounts and Notes Receivable, Allowances $ 10.4 $ 10.2 $ 8.9
Common Stock, Shares Outstanding (in Shares) 68,939,000 71,365,000 72,612,000
Treasury Stock, Shares (in Shares) 33,599,000 31,173,000 29,926,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent $ 12.4 $ 60.7 $ 2.6