Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

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Condensed Consolidated Balance Sheets (unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Jul. 02, 2011
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 366.0 $ 338.2 $ 527.0
Short-term investments in marketable securities 96.4 76.7 78.8
Total cash, cash equivalents and short-term investments in marketable securities 462.4 414.9 605.8
Restricted cash 20.0 20.0 0
Accounts and notes receivable, less allowances of $27.4, $31.0 and $32.8 447.7 346.2 447.2
Inventories      
Finished goods 285.1 292.0 261.8
Work-in-process 170.3 167.2 174.5
Raw materials 79.5 73.4 91.0
Net inventories 534.9 532.6 527.3
Deferred income taxes 15.0 14.8 20.8
Prepaid expenses and other 26.1 27.6 29.1
Current assets 1,506.1 1,356.1 1,630.2
Property      
Land 81.5 83.6 88.8
Buildings and improvements 561.0 606.8 642.3
Equipment 995.4 1,055.1 1,068.7
Total land, buildings and improvements and equipment 1,637.9 1,745.5 1,799.8
Accumulated depreciation (1,133.0) (1,229.0) (1,265.5)
Net land, buildings and improvements and equipment 504.9 516.5 534.3
Unamortized product tooling costs 72.0 69.0 69.6
Net property 576.9 585.5 603.9
Other assets      
Goodwill 290.1 290.3 293.1
Other intangibles, net 46.5 49.2 52.9
Long-term investments in marketable securities 46.5 92.9 71.0
Equity investments 42.3 47.7 55.8
Other long-term assets 63.1 72.3 85.1
Other assets 488.5 552.4 557.9
Total assets 2,571.5 2,494.0 2,792.0
Current liabilities      
Short-term debt, including current maturities of long-term debt 7.1 2.4 1.7
Accounts payable 321.6 282.0 324.7
Accrued expenses 569.3 623.7 641.5
Current liabilities 898.0 908.1 967.9
Long-term liabilities      
Debt 668.2 690.4 785.2
Deferred income taxes 83.9 81.8 96.7
Postretirement benefits 568.3 592.6 525.6
Other 194.7 190.2 206.2
Long-term liabilities 1,515.1 1,555.0 1,613.7
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares 76.9 76.9 76.9
Additional paid-in capital 437.3 434.6 429.2
Retained earnings 580.9 457.7 487.1
Treasury stock, at cost: 13,163,000, 13,434,000 and 13,487,000 shares (392.6) (397.5) (398.4)
Accumulated other comprehensive loss, net of tax (544.1) (540.8) (384.4)
Shareholders' equity 158.4 30.9 210.4
Total liabilities and shareholders' equity $ 2,571.5 $ 2,494.0 $ 2,792.0