XML 49 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 302.8 $ 393.9
Accounts receivable, net 543.5 555.1
Current insurance receivable - asbestos 14.1 14.1
Inventories, net:    
Finished goods 145.7 130.6
Finished parts and subassemblies 79.0 66.1
Work in process 53.6 47.7
Raw materials 211.2 212.9
Inventories, net 489.5 457.3
Other current assets 96.3 79.5
Total current assets 1,446.2 1,499.9
Property, plant and equipment:    
Cost 1,241.5 1,256.9
Less: accumulated depreciation 634.4 640.6
Property, plant and equipment, net 607.1 616.3
Long-term insurance receivable - asbestos 80.1 83.6
Long-term deferred tax assets 13.3 35.1
Other assets 207.3 211.3
Intangible assets, net 545.4 505.1
Goodwill 1,565.2 1,472.4
Total assets 4,464.6 4,423.7
Current liabilities:    
Short-term borrowings 378.7 149.4
Accounts payable 250.2 311.1
Current asbestos liability 65.0 65.0
Accrued liabilities 350.2 378.2
U.S. and foreign taxes on income 13.5 13.0
Total current liabilities 1,057.6 916.7
Long-term debt 842.2 842.0
Accrued pension and postretirement benefits 289.7 298.4
Long-term deferred tax liability 53.3 55.8
Long-term asbestos liability 631.3 646.6
Other liabilities 183.0 187.9
Total liabilities 3,057.1 2,947.4
Commitments and contingencies
Equity:    
Preferred shares, par value $0.01; 5,000,000 shares authorized 0.0 0.0
Common shares, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 315.4 315.6
Retained earnings 2,149.5 2,112.2
Accumulated other comprehensive loss (525.3) (483.7)
Treasury stock (606.8) (542.8)
Total shareholders’ equity 1,405.2 1,473.7
Noncontrolling interests 2.3 2.6
Total equity 1,407.5 1,476.3
Total liabilities and equity $ 4,464.6 $ 4,423.7
Share data:    
Common shares issued (in shares) 72,426,139 72,426,139
Less: Common shares held in treasury (in shares) 14,447,653 13,423,934
Common shares outstanding (in shares) 57,978,486 59,002,205