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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 504.8 $ 509.7
Accounts receivable, net 419.1 396.4
Current insurance receivable - asbestos 18.0 18.0
Inventories, net:    
Finished goods 102.1 97.7
Finished parts and subassemblies 39.3 38.2
Work in process 66.7 56.0
Raw materials 148.8 150.6
Inventories, net 356.9 342.5
Current deferred tax asset 0.0 29.6
Other current assets 19.7 19.5
Total current assets 1,318.5 1,315.7
Property, plant and equipment:    
Cost 841.2 826.9
Less: accumulated depreciation 560.2 548.0
Property, plant and equipment, net 281.0 278.9
Long-term insurance receivable - asbestos 118.0 125.2
Long-term deferred tax assets 199.5 181.8
Other assets 97.5 95.0
Intangible assets, net 278.8 282.2
Goodwill 1,157.7 1,149.2
Total assets 3,451.0 3,428.0
Current liabilities:    
Accounts payable 199.8 223.2
Current asbestos liability 71.0 71.0
Accrued liabilities 201.1 223.1
U.S. and foreign taxes on income 12.2 3.5
Total current liabilities 484.1 520.8
Long-term debt 745.5 745.3
Accrued pension and postretirement benefits 245.4 249.1
Long-term deferred tax liability 39.8 42.4
Long-term asbestos liability 603.0 624.9
Other liabilities 100.9 99.8
Total liabilities 2,218.7 2,282.3
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 275.1 276.9
Retained earnings 1,763.4 1,719.9
Accumulated other comprehensive loss (451.8) (476.1)
Treasury stock (439.1) (459.3)
Total shareholders' equity 1,220.0 1,133.8
Noncontrolling interests 12.3 11.9
Total equity 1,232.3 1,145.7
Total liabilities and equity $ 3,451.0 $ 3,428.0
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (12,963,926) (13,461,280)
Common stock outstanding 59,462,213 58,964,859