Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 30, 2013
Dec. 31, 2012
Mar. 31, 2012
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 242.0 $ 284.3 $ 307.1
Short-term investments in marketable securities 34.7 92.3 63.9
Total cash, cash equivalents and short-term investments in marketable securities 276.7 376.6 371.0
Restricted cash 13.0 13.0 20.0
Accounts and notes receivable, less allowances of $25.4, $27.1 and $28.3 471.7 349.2 440.8
Inventories      
Finished goods 369.2 363.3 298.0
Work-in-process 160.4 142.4 145.2
Raw materials 75.2 70.1 79.1
Net inventories 604.8 575.8 522.3
Deferred income taxes 18.7 18.8 15.0
Prepaid expenses and other 26.5 26.7 24.0
Current assets held for sale 0 0 49.8
Current assets 1,411.4 1,360.1 1,442.9
Property      
Land 80.4 80.6 81.0
Buildings and improvements 565.9 564.3 583.0
Equipment 1,008.0 997.4 1,002.0
Total land, buildings and improvements and equipment 1,654.3 1,642.3 1,666.0
Accumulated depreciation (1,141.8) (1,131.4) (1,166.3)
Net land, buildings and improvements and equipment 512.5 510.9 499.7
Unamortized product tooling costs 65.6 70.5 60.5
Net property 578.1 581.4 560.2
Other assets      
Goodwill 290.5 291.7 291.2
Other intangibles, net 37.4 38.1 42.5
Long-term investments in marketable securities 28.5 52.1 55.9
Equity investments 42.9 42.4 46.9
Other long-term assets 55.3 58.4 67.4
Long-term assets held for sale 0 0 25.0
Other assets 454.6 482.7 528.9
Total assets 2,444.1 2,424.2 2,532.0
Current liabilities      
Short-term debt, including current maturities of long-term debt 6.8 8.2 7.3
Accounts payable 376.9 334.4 332.7
Accrued expenses 506.6 576.2 529.7
Current liabilities held for sale 10.4 18.4 21.2
Current liabilities 900.7 937.2 890.9
Long-term liabilities      
Debt 562.9 563.6 688.7
Deferred income taxes 96.3 92.7 84.5
Postretirement benefits 549.1 552.6 590.2
Other 201.5 197.5 192.2
Long-term liabilities held for sale 3.0 2.9 3.1
Long-term liabilities 1,412.8 1,409.3 1,558.7
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 429.4 440.8 435.0
Retained earnings 553.0 503.2 497.4
Treasury stock, at cost: 12,117,000, 12,907,000 and 13,264,000 shares (370.5) (388.1) (394.4)
Accumulated other comprehensive loss, net of tax (558.2) (555.1) (532.5)
Shareholders' equity 130.6 77.7 82.4
Total liabilities and shareholders' equity $ 2,444.1 $ 2,424.2 $ 2,532.0