Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 422.4 $ 657.3
Short-Term Investments in Marketable Securities 35.8 11.5
Total Cash, Cash Equivalents and Short-Term Investments in Marketable Securities 458.2 668.8
Restricted Cash 11.2 12.7
Accounts and Notes Receivable, Less Allowances of $12.8 and $13.8 417.3 398.1
Inventories    
Finished Goods 502.7 444.4
Work-In-Process 91.1 88.4
Raw Materials 168.3 152.2
Net Inventories 762.1 685.0
Prepaid Expenses and Other 39.7 39.8
Current Assets 1,688.5 1,804.4
Property    
Land 24.3 24.2
Buildings and Improvements 406.4 351.8
Equipment 979.2 886.8
Total Land, Buildings and Improvements and Equipment 1,409.9 1,262.8
Accumulated Depreciation (892.3) (861.4)
Net Land, Buildings and Improvements and Equipment 517.6 401.4
Unamortized Product Tooling Costs 127.7 103.8
Net Property 645.3 505.2
Other Assets    
Goodwill 413.8 298.7
Other Intangibles, Net 164.8 55.1
Equity Investments 20.7 21.5
Deferred Income Tax Asset 307.8 420.2
Other Long-Term Assets 43.8 47.4
Other Assets 950.9 842.9
Total Assets 3,284.7 3,152.5
Current Liabilities    
Current Maturities of Long-Term Debt 5.9 6.0
Accounts Payable 392.7 339.1
Accrued Expenses 566.3 563.0
Current Liabilities 964.9 908.1
Long-Term Liabilities    
Debt 436.5 442.5
Deferred Income Tax Liability 2.5 12.3
Postretirement Benefits 276.3 347.5
Other 164.4 160.8
Long-Term Liabilities 879.7 963.1
Shareholders' Equity    
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 89,317,000 and 90,813,000 Shares 76.9 76.9
Additional Paid-In Capital 382.0 408.0
Retained Earnings 1,881.0 1,660.4
Treasury Stock, at Cost: 13,221,000 and 11,725,000 Shares (465.2) (389.9)
Accumulated Other Comprehensive Loss, Net of Tax:    
Foreign Currency Translation (51.9) (56.4)
Prior Service Credits (5.1) (4.7)
Net Actuarial Losses (372.0) (407.1)
Unrealized Losses on Derivatives (5.6) (5.9)
Total Accumulated Other Comprehensive Loss, Net of Tax (434.6) (474.1)
Shareholders' Equity 1,440.1 1,281.3
Total Liabilities and Shareholders' Equity $ 3,284.7 $ 3,152.5