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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Jun. 29, 2012
Jul. 01, 2011
Current Assets    
Cash and cash equivalents $ 356.0 $ 366.9
Receivables 750.2 836.5
Inventories 617.8 720.8
Income taxes receivable 12.0 57.3
Current deferred income taxes 160.5 171.0
Other current assets 71.2 64.3
Assets of discontinued operations 632.7 0
Total current assets 2,600.4 2,216.8
Non-current Assets    
Property, plant and equipment 659.4 872.8
Goodwill 1,695.3 2,381.4
Intangible assets 421.7 502.4
Non-current deferred income taxes 80.3 5.7
Other non-current assets 135.7 193.7
Total non-current assets 2,992.4 3,956.0
Total assets 5,592.8 6,172.8
Current Liabilities    
Short-term debt 159.4 180.0
Accounts payable 381.0 450.8
Compensation and benefits 229.1 266.2
Other accrued items 269.6 295.8
Advance payments and unearned income 221.5 232.8
Income taxes payable 12.0 0
Current deferred income taxes 0.8 0
Current portion of long-term debt 4.8 4.9
Liabilities of discontinued operations 136.2 0
Total current liabilities 1,414.4 1,430.5
Non-current Liabilities    
Long-term debt 1,883.0 1,887.2
Long-term contract liability 109.5 120.9
Other long-term liabilities 239.8 222.2
Total non-current liabilities 2,232.3 2,230.3
Shareholders' Equity:    
Preferred stock, without par value; 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 112,147,405 shares at June 29, 2012 and 123,118,804 shares at July 1, 2011 112.1 123.1
Other capital 432.8 471.2
Retained earnings 1,416.6 1,889.0
Accumulated other comprehensive loss (22.6) 18.7
Total shareholders' equity 1,938.9 2,502.0
Noncontrolling interests 7.2 10.0
Total equity 1,946.1 2,512.0
Total liabilities and equity $ 5,592.8 $ 6,172.8