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Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Current assets:      
Cash and cash equivalents $ 315.6 $ 392.0 $ 196.8
Receivables, net 813.2 783.4 303.8
Income taxes receivable 36.3 32.9 15.1
Inventories 679.5 685.2 216.1
Current deferred income taxes 0.0 0.0 54.0
Other current assets 32.8 39.9 17.4
Total current assets 1,877.4 1,933.4 803.2
Property, plant and equipment (less accumulated depreciation of $1,587.9, $1,499.4 and $1,357.9) 3,859.0 3,953.4 919.9
Deferred income taxes 107.4 95.9 12.9
Other assets 463.8 454.6 70.2
Intangible Assets, Net 663.2 677.5 119.8
Goodwill 2,146.1 2,174.1 747.1
Total assets 9,116.9 9,288.9 2,673.1
Current liabilities:      
Current installments of long-term debt 205.1 205.0 16.4
Accounts payable 478.1 608.2 147.8
Income taxes payable 14.1 4.9 1.1
Accrued liabilities 352.3 328.1 205.1
Total current liabilities 1,049.6 1,146.2 370.4
Long-term debt 3,627.9 3,643.8 648.7
Accrued pension liability 635.2 648.9 167.2
Deferred income taxes 1,091.0 1,095.2 107.3
Other liabilities 340.4 336.0 361.3
Total liabilities $ 6,744.1 $ 6,870.1 $ 1,654.9
Commitments and contingencies
Shareholders' equity:      
Common stock, par value $1 per share: authorized, 240.0 shares; issued and outstanding 165.2, 165.1 and 77.5 shares $ 165.2 $ 165.1 $ 77.5
Additional paid-in capital 2,238.9 2,236.4 792.1
Accumulated other comprehensive loss (470.2) (492.5) (439.7)
Retained earnings 438.9 509.8 588.3
Total shareholders' equity 2,372.8 2,418.8 1,018.2
Total liabilities and shareholders' equity $ 9,116.9 $ 9,288.9 $ 2,673.1