XML 13 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
In Thousands, except Share data
Sep. 30, 2011
Dec. 31, 2010
Assets  
Cash and cash equivalents$ 211,183$ 272,941
Accounts receivable, net379,764301,918
Current insurance receivable - asbestos33,00033,000
Inventories, net:  
Finished goods98,61790,825
Finished parts and subassemblies36,93933,091
Work in process77,46358,519
Raw materials150,732136,642
Inventories, net363,751319,077
Current deferred tax asset50,81744,956
Other current assets19,26216,769
Total current assets1,057,777988,661
Property, plant and equipment:  
Cost806,492781,469
Less: accumulated depreciation516,825500,723
Property, plant and equipment, net289,667280,746
Long-term insurance receivable - asbestos156,810180,689
Long-term deferred tax assets154,735182,832
Other assets100,916100,848
Intangible assets, net152,553162,636
Goodwill821,731810,285
Total assets2,734,1892,706,697
Current liabilities:  
Short-term borrowings752984
Accounts payable180,917157,051
Current asbestos liability100,000100,000
Accrued liabilities224,746229,462
U.S. and foreign taxes on income32,53811,057
Total current liabilities538,953498,554
Long-term debt398,869398,736
Accrued pension and postretirement benefits88,99698,324
Long-term deferred tax liability47,34448,852
Long-term asbestos liability536,554619,666
Other liabilities42,04549,535
Total liabilities1,652,7611,713,667
Commitments and contingencies (Note 9)  
Equity:  
Preferred shares, par value $.01; 5,000,000 shares authorized00
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued72,42672,426
Capital surplus185,114174,143
Retained earnings1,236,1171,126,630
Accumulated other comprehensive income3,67911,518
Treasury stock(423,999)(399,773)
Total shareholders' equity1,073,337984,944
Noncontrolling interest8,0918,086
Total equity1,081,428993,030
Total liabilities and equity$ 2,734,189$ 2,706,697
Common stock issued72,426,13972,426,139
Less: Common stock held in treasury(14,355,260)(14,265,452)
Common stock outstanding58,070,87958,160,687