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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 354.0 $ 363.5
Accounts receivable, net 430.2 397.6
Current insurance receivable - asbestos 20.5 20.5
Inventories, net:    
Finished goods 111.8 102.3
Finished parts and subassemblies 51.5 46.9
Work in process 72.2 60.7
Raw materials 166.4 167.0
Inventories, net 401.9 376.9
Current deferred tax asset 27.7 27.5
Other current assets 20.4 17.5
Total current assets 1,254.7 1,203.5
Property, plant and equipment:    
Cost 825.7 809.5
Less: accumulated depreciation 545.8 533.5
Property, plant and equipment, net 279.9 276.0
Long-term insurance receivable - asbestos 105.8 108.7
Long-term deferred tax assets 155.9 162.4
Other assets 106.1 101.3
Intangible assets, net 314.3 317.1
Goodwill 1,178.3 1,167.9
Total assets 3,395.0 3,336.9
Current liabilities:    
Short-term borrowings 78.1 49.6
Accounts payable 199.1 223.3
Current asbestos liability 75.0 75.0
Accrued liabilities 213.5 218.6
U.S. and foreign taxes on income 9.9 6.3
Total current liabilities 575.6 572.8
Long-term debt 744.8 744.6
Accrued pension and postretirement benefits 231.4 235.4
Long-term deferred tax liability 52.0 50.0
Long-term asbestos liability 456.8 470.5
Other liabilities 109.5 112.8
Total liabilities $ 2,170.1 $ 2,186.1
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 262.4 263.6
Retained earnings 1,710.1 1,674.3
Accumulated other comprehensive loss (343.1) (376.7)
Treasury stock (488.6) (494.2)
Total shareholders' equity 1,213.2 1,139.4
Noncontrolling interests 11.7 11.4
Total equity 1,224.9 1,150.8
Total liabilities and equity $ 3,395.0 $ 3,336.9
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,130,196) (14,317,102)
Common stock outstanding 58,295,943 58,109,037