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. 27, 2014
Dec. 31, 2013
Sep. 28, 2013
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 596.0 $ 356.5 $ 326.1
Short-term investments in marketable securities 0.8 12.7 22.3
Total cash, cash equivalents and short-term investments in marketable securities 596.8 369.2 348.4
Restricted cash 18.6 6.5 13.0
Accounts and notes receivable, less allowances of $20.9, $16.8 and $17.7 401.3 345.7 392.6
Inventories      
Finished goods 392.8 367.2 341.9
Work-in-process 177.2 144.7 146.8
Raw materials 98.8 72.0 74.2
Net inventories 668.8 583.9 562.9
Deferred income taxes 139.2 137.6 18.9
Prepaid expenses and other 31.2 28.9 22.8
Current assets held for sale 39.3 36.8 43.9
Current assets 1,895.2 1,508.6 1,402.5
Property      
Land 23.5 24.8 27.6
Buildings and improvements 324.3 320.2 344.7
Equipment 848.9 847.2 838.7
Total land, buildings and improvements and equipment 1,196.7 1,192.2 1,211.0
Accumulated depreciation (852.5) (852.9) (883.4)
Net land, buildings and improvements and equipment 344.2 339.3 327.6
Unamortized product tooling costs 97.0 80.6 76.7
Net property 441.2 419.9 404.3
Other assets      
Goodwill 299.0 291.7 291.5
Other intangibles, net 46.8 35.4 36.1
Equity investments 39.9 41.3 41.1
Non-current deferred tax asset 294.1 377.0 0
Other long-term assets 39.9 37.6 37.1
Long-term assets held for sale 13.0 204.3 204.3
Other assets 732.7 987.3 610.1
Total assets 3,069.1 2,915.8 2,416.9
Current liabilities      
Short-term debt, including current maturities of long-term debt 4.3 6.4 4.6
Accounts payable 326.1 297.6 310.7
Accrued expenses 515.0 529.4 494.9
Current liabilities held for sale 18.1 49.7 47.9
Current liabilities 863.5 883.1 858.1
Long-term liabilities      
Debt 452.3 453.4 459.9
Deferred income taxes 0 0 94.6
Postretirement benefits 263.1 339.4 513.1
Other 203.8 192.3 193.1
Long-term liabilities held for sale 7.2 9.2 8.8
Long-term liabilities 926.4 994.3 1,269.5
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 92,943,000, 92,409,000 and 90,842,000 shares 76.9 76.9 76.9
Additional paid-in capital 395.7 393.0 426.2
Retained earnings 1,483.2 1,263.3 691.2
Treasury stock, at cost: 9,595,000, 10,129,000 and 11,696,000 shares (273.3) (293.3) (353.5)
Accumulated other comprehensive loss, net of tax (403.3) (401.5) (551.5)
Shareholders' equity 1,279.2 1,038.4 289.3
Total liabilities and shareholders' equity $ 3,069.1 $ 2,915.8 $ 2,416.9