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
Sep. 28, 2013
Dec. 31, 2012
Sep. 29, 2012
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 326.1 $ 284.3 $ 310.3
Short-term investments in marketable securities 22.3 92.3 97.5
Total cash, cash equivalents and short-term investments in marketable securities 348.4 376.6 407.8
Restricted cash 13.0 13.0 20.0
Accounts and notes receivable, less allowances of $22.5, $27.1 and $29.1 416.9 349.2 403.8
Inventories      
Finished goods 356.2 363.3 320.2
Work-in-process 148.2 142.4 137.0
Raw materials 75.6 70.1 76.9
Net inventories 580.0 575.8 534.1
Deferred income taxes 18.9 18.8 15.0
Prepaid expenses and other 25.3 26.7 25.5
Current assets held for sale 0 0 54.5
Current assets 1,402.5 1,360.1 1,460.7
Property      
Land 82.2 80.6 80.6
Buildings and improvements 561.6 564.3 551.4
Equipment 1,003.5 997.4 988.2
Total land, buildings and improvements and equipment 1,647.3 1,642.3 1,620.2
Accumulated depreciation (1,121.7) (1,131.4) (1,130.4)
Net land, buildings and improvements and equipment 525.6 510.9 489.8
Unamortized product tooling costs 76.8 70.5 65.6
Net property 602.4 581.4 555.4
Other assets      
Goodwill 291.5 291.7 291.4
Other intangibles, net 36.1 38.1 39.7
Long-term investments in marketable securities 0 52.1 47.6
Equity investments 41.1 42.4 42.3
Other long-term assets 43.3 58.4 59.8
Long-term assets held for sale 0 0 11.0
Other assets 412.0 482.7 491.8
Total assets 2,416.9 2,424.2 2,507.9
Current liabilities      
Short-term debt, including current maturities of long-term debt 4.6 8.2 6.8
Accounts payable 328.1 334.4 332.2
Accrued expenses 525.4 576.2 549.9
Current liabilities held for sale 0 18.4 19.1
Current liabilities 858.1 937.2 908.0
Long-term liabilities      
Debt 459.9 563.6 590.9
Deferred income taxes 94.6 92.7 85.0
Postretirement benefits 520.7 552.6 540.0
Other 194.3 197.5 195.4
Long-term liabilities held for sale 0 2.9 2.8
Long-term liabilities 1,269.5 1,409.3 1,414.1
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 426.2 440.8 439.4
Retained earnings 691.2 503.2 583.0
Treasury stock, at cost: 11,696,000, 12,907,000 and 13,044,000 shares (353.5) (388.1) (390.5)
Accumulated other comprehensive loss, net of tax (551.5) (555.1) (523.0)
Shareholders' equity 289.3 77.7 185.8
Total liabilities and shareholders' equity $ 2,416.9 $ 2,424.2 $ 2,507.9