XML 98 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Jul. 03, 2011
Jun. 27, 2010
ASSETS    
Cash and Cash Equivalents $ 209,639 $ 116,554
Receivables, Less Reserves of $4,971 and $11,317, Respectively 249,358 286,426
Inventories:    
Finished Products and Parts 292,527 278,922
Work in Process 127,358 114,483
Raw Materials 7,206 6,941
Total Inventories 427,091 400,346
Deferred Income Tax Asset 42,163 41,138
Assets Held for Sale 4,000 4,000
Prepaid Expenses and Other Current Assets 36,413 57,179
Total Current Assets 968,664 905,643
GOODWILL 202,940 252,975
INVESTMENTS 21,017 19,706
DEBT ISSUANCE COSTS, Net 4,919 525
OTHER INTANGIBLE ASSETS, Net 89,275 90,345
LONG-TERM DEFERRED INCOME TAX ASSET 31,001 72,492
OTHER LONG-TERM ASSETS, Net 9,102 10,608
PLANT AND EQUIPMENT:    
Land and Land Improvements 18,047 17,303
Buildings 141,840 136,725
Machinery and Equipment 833,495 804,362
Construction in Progress 33,585 21,508
Plant and Equipment before Accumulated Depreciation 1,026,967 979,898
Less - Accumulated Depreciation 687,667 642,135
Total Plant and Equipment, Net 339,300 337,763
TOTAL ASSETS 1,666,218 1,690,057 [1]
LIABILITIES AND SHAREHOLDERS' INVESTMENT    
Accounts Payable 183,733 171,495
Short-term Debt 3,000 3,000
Current Maturity on Long-term Debt   203,460
Accrued Liabilities:    
Wages and Salaries 54,745 74,837
Warranty 31,668 29,578
Accrued Postretirement Health Care Obligation 22,576 22,847
Other 48,661 58,294
Total Accrued Liabilities 157,650 185,556
Total Current Liabilities 344,383 563,511
ACCRUED PENSION COST 191,417 274,737
ACCRUED EMPLOYEE BENEFITS 24,100 23,006
ACCRUED POSTRETIREMENT HEALTH CARE OBLIGATION 116,092 135,978
ACCRUED WARRANTY 14,327 12,367
OTHER LONG-TERM LIABILITIES 12,956 29,881
LONG-TERM DEBT 225,000  
SHAREHOLDERS' INVESTMENT:    
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares 579 579
Additional Paid-In Capital 79,354 80,353
Retained Earnings 1,092,864 1,090,843
Accumulated Other Comprehensive Loss (243,498) (318,709)
Treasury Stock at Cost, 7,373 Shares in 2011 and 7,793 Shares in 2010 (191,356) (202,489)
Total Shareholders' Investment 737,943 650,577
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT $ 1,666,218 $ 1,690,057
[1] Prior year amounts have been reclassified to conform to current year presentation. These adjustments relate to the sale of certain products through our foreign subsidiaries that had been reported within the Engines segment, but are now reported in the Power Products segment. These adjustments align our segment reporting with current management responsibilities.