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
Jun. 29, 2013
Dec. 31, 2012
Jun. 30, 2012
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 327.5 $ 284.3 $ 366.0
Short-term investments in marketable securities 2.7 92.3 96.4
Total cash, cash equivalents and short-term investments in marketable securities 330.2 376.6 462.4
Restricted cash 13.0 13.0 20.0
Accounts and notes receivable, less allowances of $22.2, $27.1 and $27.3 423.4 349.2 435.8
Inventories      
Finished goods 321.8 363.3 282.1
Work-in-process 150.5 142.4 140.1
Raw materials 76.4 70.1 73.5
Net inventories 548.7 575.8 495.7
Deferred income taxes 18.3 18.8 15.0
Prepaid expenses and other 28.7 26.7 25.3
Current assets held for sale 18.3 0 51.9
Current assets 1,380.6 1,360.1 1,506.1
Property      
Land 82.2 80.6 80.6
Buildings and improvements 564.4 564.3 546.5
Equipment 1,005.9 997.4 982.1
Total land, buildings and improvements and equipment 1,652.5 1,642.3 1,609.2
Accumulated depreciation (1,134.6) (1,131.4) (1,114.3)
Net land, buildings and improvements and equipment 517.9 510.9 494.9
Unamortized product tooling costs 75.5 70.5 62.3
Net property 593.4 581.4 557.2
Other assets      
Goodwill 290.3 291.7 290.1
Other intangibles, net 36.7 38.1 41.4
Long-term investments in marketable securities 0 52.1 46.5
Equity investments 41.7 42.4 42.3
Other long-term assets 48.0 58.4 63.1
Long-term assets held for sale 0 0 24.8
Other assets 416.7 482.7 508.2
Total assets 2,390.7 2,424.2 2,571.5
Current liabilities      
Short-term debt, including current maturities of long-term debt 6.0 8.2 7.1
Accounts payable 333.0 334.4 315.5
Accrued expenses 521.0 576.2 555.4
Current liabilities held for sale 17.0 18.4 20.0
Current liabilities 877.0 937.2 898.0
Long-term liabilities      
Debt 466.4 563.6 668.2
Deferred income taxes 97.6 92.7 83.9
Postretirement benefits 535.5 552.6 568.3
Other 198.0 197.5 191.7
Long-term liabilities held for sale 2.7 2.9 3.0
Long-term liabilities 1,300.2 1,409.3 1,515.1
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 431.4 440.8 437.3
Retained earnings 633.4 503.2 580.9
Treasury stock, at cost: 12,032,000, 12,907,000 and 13,163,000 shares (366.6) (388.1) (392.6)
Accumulated other comprehensive loss, net of tax (561.6) (555.1) (544.1)
Shareholders' equity 213.5 77.7 158.4
Total liabilities and shareholders' equity $ 2,390.7 $ 2,424.2 $ 2,571.5