Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents, at cost, which approximates market $ 284.3 $ 338.2
Short-term investments in marketable securities 92.3 76.7
Total cash, cash equivalents and short-term investments in marketable securities 376.6 414.9
Restricted cash 13.0 20.0
Accounts and notes receivable, less allowances of $27.1 and $31.0 349.2 329.6
Inventories    
Finished goods 363.3 292.3
Work-in-process 142.4 140.3
Raw materials 70.1 68.9
Net inventories 575.8 501.5
Deferred income taxes 18.8 15.0
Prepaid expenses and other 26.7 27.2
Current assets held for sale 0 48.1
Current assets 1,360.1 1,356.3
Property    
Land 80.6 82.7
Buildings and improvements 564.3 592.4
Equipment 997.4 1,041.7
Total land, buildings and improvements and equipment 1,642.3 1,716.8
Accumulated depreciation (1,131.4) (1,211.0)
Net land, buildings and improvements and equipment 510.9 505.8
Unamortized product tooling costs 70.5 60.1
Net property 581.4 565.9
Other assets    
Goodwill 291.7 290.3
Other intangibles, net 38.1 43.5
Long-term investments in marketable securities 52.1 92.9
Equity investments 42.4 47.7
Other long-term assets 58.4 72.3
Long-term assets held for sale 0 25.3
Other assets 482.7 572.0
Total assets 2,424.2 2,494.2
Current liabilities    
Short-term debt, including $6.5 and $1.5 of current maturities of long-term debt 8.2 2.4
Accounts payable 334.4 276.6
Accrued expenses 576.2 607.3
Current liabilities held for sale 18.4 21.8
Current liabilities 937.2 908.1
Long-term liabilities    
Debt 563.6 690.4
Deferred income taxes 92.7 82.0
Postretirement benefits 552.6 592.6
Other 197.5 187.8
Long-term liabilities held for sale 2.9 2.4
Long-term liabilities 1,409.3 1,555.2
Shareholders' equity    
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares 76.9 76.9
Additional paid-in capital 440.8 434.6
Retained earnings 503.2 457.7
Treasury stock, at cost: 12,907,000 and 13,434,000 shares (388.1) (397.5)
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation 18.4 12.0
Prior service credits 4.4 11.7
Net actuarial losses (567.2) (560.1)
Unrealized investment losses 0 (0.1)
Unrealized losses on derivatives (10.7) (4.3)
Total accumulated other comprehensive loss (555.1) (540.8)
Shareholders' equity 77.7 30.9
Total liabilities and shareholders' equity $ 2,424.2 $ 2,494.2