Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 294.4 $ 448.8
Restricted Cash 9.0 9.4
Short-Term Investments in Marketable Securities 0.8 0.8
Total Cash and Short-Term Investments in Marketable Securities 304.2 459.0
Accounts and Notes Receivable, Less Allowances of $11.3 and $9.2 550.7 485.3
Inventories    
Finished Goods 614.2 521.3
Work-In-Process 106.1 119.3
Raw Materials 223.4 187.1
Net Inventories 943.7 827.7
Prepaid Expenses and Other 81.6 74.7
Current Assets 1,880.2 1,846.7
Property    
Land 24.0 25.1
Buildings and Improvements 469.7 412.8
Equipment 1,128.9 1,027.7
Total Land, Buildings and Improvements and Equipment 1,622.6 1,465.6
Accumulated Depreciation (952.4) (895.8)
Net Land, Buildings and Improvements and Equipment 670.2 569.8
Unamortized Product Tooling Costs 135.1 136.2
Net Property 805.3 706.0
Other Assets    
Goodwill 767.1 425.3
Other Intangibles, Net 646.4 149.1
Equity Investments 34.6 25.1
Deferred Income Tax Asset 96.1 165.6
Other Long-Term Assets 56.0 40.4
Other Assets 1,600.2 805.5
Total Assets 4,285.7 3,358.2
Current Liabilities    
Short-Term Debt and Current Maturities of Long-Term Debt 41.3 5.6
Accounts Payable 527.8 420.5
Accrued Expenses 687.4 609.0
Current Liabilities 1,256.5 1,035.1
Long-Term Liabilities    
Debt 1,179.5 431.8
Postretirement Benefits 71.6 220.8
Other 195.5 187.6
Long-Term Liabilities 1,446.6 840.2
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 371.1 374.4
Retained Earnings 2,135.7 1,966.8
Treasury Stock, at Cost: 15,781,000 and 15,001,000 Shares (638.0) (575.4)
Accumulated Other Comprehensive Loss, Net of Tax:    
Foreign Currency Translation (48.9) (31.6)
Prior Service Credits (6.1) (5.6)
Net Actuarial Losses (306.2) (310.8)
Unrealized Losses on Derivatives (1.9) (11.8)
Total Accumulated Other Comprehensive Loss, Net of Tax (363.1) (359.8)
Shareholders' Equity 1,582.6 1,482.9
Total Liabilities and Shareholders' Equity $ 4,285.7 $ 3,358.2