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
Jul. 02, 2011
Dec. 31, 2010
Jul. 03, 2010
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 527.0 $ 551.4 $ 619.6
Short-term investments in marketable securities 78.8 84.7 0.8
Total cash, cash equivalents and short-term investments in marketable securities 605.8 636.1 620.4
Accounts and notes receivable, less allowances of $32.8, $38.0 and $43.9 447.2 327.3 447.8
Inventories      
Finished goods 261.8 276.9 203.6
Work-in-process 174.5 164.0 180.8
Raw materials 91.0 86.6 91.2
Net inventories 527.3 527.5 475.6
Deferred income taxes 20.8 17.0 16.1
Prepaid expenses and other 29.1 27.9 29.7
Current assets 1,630.2 1,535.8 1,589.6
Property      
Land 88.8 88.9 90.6
Buildings and improvements 642.3 651.3 657.1
Equipment 1,068.7 1,079.3 1,069.1
Total land, buildings and improvements and equipment 1,799.8 1,819.5 1,816.8
Accumulated depreciation (1,265.5) (1,250.3) (1,234.0)
Net land, buildings and improvements and equipment 534.3 569.2 582.8
Unamortized product tooling costs 69.6 61.0 70.9
Net property 603.9 630.2 653.7
Other assets      
Goodwill 293.1 290.9 288.9
Other intangibles, net 52.9 56.7 61.5
Long-term investments in marketable securities 71.0 21.0 0
Equity investments 55.8 53.7 59.3
Other long-term assets 85.1 89.7 90.4
Other assets 557.9 512.0 500.1
Total assets 2,792.0 2,678.0 2,743.4
Current liabilities      
Short-term debt, including current maturities of long-term debt 1.7 2.2 4.8
Accounts payable 324.7 288.2 313.6
Accrued expenses 641.5 661.2 613.2
Current liabilities 967.9 951.6 931.6
Long-term liabilities      
Debt 785.2 828.4 819.2
Deferred income taxes 96.7 71.6 67.9
Postretirement benefits 525.6 548.9 531.9
Other 206.2 207.1 191.9
Long-term liabilities 1,613.7 1,656.0 1,610.9
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 429.2 424.6 418.5
Retained earnings 487.1 390.3 506.0
Treasury stock, at cost: 13,487,000, 13,877,000 and 13,938,000 shares (398.4) (405.9) (407.0)
Accumulated other comprehensive loss, net of tax (384.4) (415.5) (393.5)
Shareholders' equity 210.4 70.4 200.9
Total liabilities and shareholders' equity $ 2,792.0 $ 2,678.0 $ 2,743.4