XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 307.0 $ 343.4
Accounts receivable, net 543.2 515.8
Current insurance receivable - asbestos 16.0 16.0
Inventories, net:    
Finished goods 124.6 116.2
Inventory, Parts and Components, Net of Reserves 42.7 45.9
Work in process 53.9 55.4
Raw materials 209.4 194.0
Inventories, net 430.6 411.5
Other current assets 83.1 76.2
Total current assets 1,379.9 1,362.9
Property, plant and equipment:    
Cost 1,200.2 1,185.6
Less: accumulated depreciation 604.7 586.5
Property, plant and equipment, net 595.5 599.1
Long-term insurance receivable - asbestos 67.1 75.0
Long-term deferred tax assets 1.2 18.8
Other assets 221.6 101.4
Intangible assets, net 462.2 481.8
Goodwill 1,414.3 1,403.7
Total assets 4,141.8 4,042.7
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 7.8 6.9
Accounts payable 275.2 329.2
Current asbestos liability 66.0 66.0
Accrued liabilities 281.0 337.1
U.S. and foreign taxes on income 4.6 1.0
Total current liabilities 634.6 740.2
Long-term debt 940.3 942.3
Accrued pension and postretirement benefits 233.2 244.0
Long-term deferred tax liability 60.3 53.2
Long-term asbestos liability 425.4 451.3
Other liabilities 173.6 84.6
Total liabilities 2,467.4 2,515.6
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 304.1 303.5
Retained earnings 2,198.8 2,072.1
Accumulated other comprehensive loss (438.9) (447.6)
Treasury stock (464.4) (476.2)
Total shareholders' equity 1,672.0 1,524.2
Noncontrolling interests 2.4 2.9
Total equity 1,674.4 1,527.1
Total liabilities and equity $ 4,141.8 $ 4,042.7
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (12,477,673) (12,917,713)
Common stock outstanding 59,948,466 59,508,426