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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 509.3 $ 509.7
Accounts receivable, net 436.4 396.4
Current insurance receivable - asbestos 18.0 18.0
Inventories, net:    
Finished goods 107.2 97.7
Finished parts and subassemblies 40.3 38.2
Work in process 62.8 56.0
Raw materials 157.4 150.6
Inventories, net 367.7 342.5
Current deferred tax asset 0.0 29.6
Other current assets 20.9 19.5
Total current assets 1,352.3 1,315.7
Property, plant and equipment:    
Cost 862.6 826.9
Less: accumulated depreciation 575.5 548.0
Property, plant and equipment, net 287.1 278.9
Long-term insurance receivable - asbestos 110.8 125.2
Long-term deferred tax assets 196.4 181.8
Other assets 97.5 95.0
Intangible assets, net 293.1 282.2
Goodwill 1,196.6 1,149.2
Total assets 3,533.8 3,428.0
Current liabilities:    
Accounts payable 209.2 223.2
Current asbestos liability 71.0 71.0
Accrued liabilities 200.2 223.1
U.S. and foreign taxes on income 6.8 3.5
Total current liabilities 487.2 520.8
Long-term debt 745.7 745.3
Accrued pension and postretirement benefits 243.5 249.1
Long-term deferred tax liability 40.7 42.4
Long-term asbestos liability 582.4 624.9
Other liabilities 103.2 99.8
Total liabilities 2,202.7 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 280.5 276.9
Retained earnings 1,813.0 1,719.9
Accumulated other comprehensive loss (413.3) (476.1)
Treasury stock (434.1) (459.3)
Total shareholders' equity 1,318.5 1,133.8
Noncontrolling interests 12.6 11.9
Total equity 1,331.1 1,145.7
Total liabilities and equity $ 3,533.8 $ 3,428.0
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (12,857,977) (13,461,280)
Common stock outstanding 59,568,162 58,964,859