XML 55 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 335.2 $ 346.3
Accounts receivable, net 430.1 410.9
Current insurance receivable - asbestos 20.5 20.5
Inventories, net:    
Finished goods 112.5 111.8
Finished parts and subassemblies 47.9 42.5
Work in process 72.5 53.2
Raw materials 168.7 162.2
Inventories, net 401.6 369.7
Current deferred tax asset 33.6 33.0
Other current assets 19.3 14.8
Total current assets 1,240.3 1,195.2
Property, plant and equipment:    
Cost 816.6 824.9
Less: accumulated depreciation 536.5 534.7
Property, plant and equipment, net 280.1 290.3
Long-term insurance receivable - asbestos 113.1 126.8
Long-term deferred tax assets 166.8 196.2
Other assets 99.8 97.6
Intangible assets, net 327.0 353.5
Goodwill 1,175.6 1,191.3
Total assets 3,402.7 3,450.8
Current liabilities:    
Short-term borrowings 97.7 100.8
Accounts payable 221.0 228.8
Current asbestos liability 79.0 79.0
Accrued liabilities 242.5 225.8
U.S. and foreign taxes on income 12.1 5.6
Total current liabilities 652.3 640.0
Long-term debt 749.2 749.2
Accrued pension and postretirement benefits 247.2 278.3
Long-term deferred tax liability 41.6 46.3
Long-term asbestos liability 484.7 534.5
Other liabilities 117.3 131.9
Total liabilities $ 2,292.3 $ 2,380.2
Commitments and contingencies (Note 8)
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized $ 0.0 $ 0.0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 257.9 249.2
Retained earnings 1,628.3 1,522.0
Accumulated other comprehensive loss (363.4) (298.8)
Treasury stock (495.9) (485.1)
Total shareholders' equity 1,099.3 1,059.8
Noncontrolling interests 11.1 10.8
Total equity 1,110.4 1,070.6
Total liabilities and equity $ 3,402.7 $ 3,450.8
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,368,342) (14,304,348)
Common stock outstanding 58,057,797 58,121,791