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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 625,758,000 $ 391,332,000
Notes receivable 9,076,000 535,000
Accounts receivable, less allowances of $11,162 at 2020 and $8,109 at 2019 506,305,000 544,257,000
Inventories:    
Finished goods 264,785,000 326,839,000
Work in process 24,594,000 28,250,000
Raw materials and supplies 98,277,000 109,132,000
Total inventories 387,656,000 464,221,000
Other current assets 53,420,000 52,635,000
Total current assets 1,582,215,000 1,452,980,000
Property, plant and equipment:    
Land and land improvements 57,941,000 53,516,000
Buildings 355,564,000 344,142,000
Machinery and equipment 2,154,000,000 2,042,578,000
Molds, cores and rings 266,671,000 262,444,000
Total property, plant and equipment 2,834,176,000 2,702,680,000
Less: Accumulated depreciation 1,756,552,000 1,655,438,000
Property, plant and equipment, net 1,077,624,000 1,047,242,000
Operating lease right-of-use assets, net of accumulated amortization of $46,045 at 2020 and $26,121 at 2019 91,884,000 80,752,000
Goodwill 18,851,000 18,851,000
Intangibles, net of accumulated amortization of $143,097 at 2020 and $123,735 at 2019 95,376,000 111,356,000
Deferred income tax assets 30,572,000 29,336,000
Investment in joint venture 53,494,000 48,912,000
Other assets 21,557,000 12,909,000
Total assets 2,971,573,000 2,802,338,000
Current liabilities:    
Short-term borrowings 15,614,000 12,296,000
Accounts payable 297,578,000 276,732,000
Accrued liabilities 308,287,000 302,477,000
Income taxes payable 2,254,000 2,304,000
Current portion of long-term debt and finance leases 24,377,000 10,265,000
Total current liabilities 648,110,000 604,074,000
Long-term debt and finance leases 314,265,000 309,148,000
Noncurrent operating leases 71,391,000 55,371,000
Postretirement benefits other than pensions 221,395,000 227,216,000
Pension benefits 152,110,000 126,707,000
Other long-term liabilities 152,242,000 149,065,000
Deferred income tax liabilities 1,469,000 3,024,000
Equity:    
Preferred stock, $1 par value; 5,000,000 shares authorized; none issued 0 0
Common stock, $1 par value; 300,000,000 shares authorized; 87,850,292 shares issued at 2020 and 2019 87,850,000 87,850,000
Capital in excess of par value 20,815,000 22,175,000
Retained earnings 2,646,567,000 2,524,963,000
Accumulated other comprehensive loss (446,909,000) (447,580,000)
Parent stockholders' equity before treasury stock 2,308,323,000 2,187,408,000
Treasury Stock, Value (919,424,000) (922,783,000)
Total parent stockholders' equity 1,388,899,000 1,264,625,000
Noncontrolling shareholders' interests in consolidated subsidiaries 21,692,000 63,108,000
Total equity 1,410,591,000 1,327,733,000
Total liabilities and equity $ 2,971,573,000 $ 2,802,338,000