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Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 168.5 $ 184.5 $ 315.6 $ 392.0
Receivables, net 774.5 675.0 813.2  
Income taxes receivable 25.5 25.5 36.3  
Inventories 656.3 630.4 679.5  
Other current assets 44.9 30.8 32.8  
Total current assets 1,669.7 1,546.2 1,877.4  
Property, plant and equipment (less accumulated depreciation of $2,001.1, $1,891.6 and $1,587.9) 3,659.2 3,704.9 3,859.0  
Deferred income taxes 112.7 119.5 107.4  
Other assets 637.2 644.4 463.8  
Intangible Assets, Net 615.4 629.6 663.2  
Goodwill 2,119.0 2,118.0 2,146.1 2,174.1
Total assets 8,813.2 8,762.6 9,116.9  
Current liabilities:        
Current installments of long-term debt 81.8 80.5 205.1  
Accounts payable 637.3 570.8 478.1  
Income taxes payable 8.1 7.5 14.1  
Accrued liabilities 258.2 263.8 352.3  
Total current liabilities 985.4 922.6 1,049.6  
Long-term debt 3,530.8 3,537.1 3,627.9  
Accrued pension liability 627.5 638.1 635.2  
Deferred income taxes 1,033.0 1,032.5 1,091.0  
Other liabilities 364.9 359.3 340.4  
Total liabilities 6,541.6 6,489.6 6,744.1  
Commitments and contingencies  
Shareholders' equity:        
Common stock, par value $1 per share: authorized, 240.0 shares; issued and outstanding, 165.9, 165.4 and 165.2 shares 165.9 165.4 165.2  
Additional paid-in capital 2,253.7 2,243.8 2,238.9  
Accumulated other comprehensive loss (502.1) (510.0) (470.2) (492.5)
Retained earnings 354.1 373.8 438.9  
Total shareholders' equity 2,271.6 2,273.0 2,372.8 $ 2,418.8
Total liabilities and shareholders' equity $ 8,813.2 $ 8,762.6 $ 9,116.9