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Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2016
Current assets:        
Cash and cash equivalents $ 109.1 $ 218.4 $ 168.5 $ 184.5
Receivables, net 835.6 733.2 774.5  
Income taxes receivable 17.5 16.9 25.5  
Inventories, net 675.6 682.6 656.3  
Other current assets 61.2 48.1 44.9  
Total current assets 1,699.0 1,699.2 1,669.7  
Property, plant and equipment (less accumulated depreciation of $2,444.2, $2,333.1 and $2,001.1) 3,539.4 3,575.8 3,659.2  
Deferred income taxes 39.4 36.4 112.7  
Other assets 1,197.0 1,208.4 637.2  
Intangible assets, net 565.1 578.5 615.4  
Goodwill 2,120.3 2,120.0 2,119.0 2,118.0
Total assets 9,160.2 9,218.3 8,813.2  
Current liabilities:        
Current installments of long-term debt 0.7 0.7 81.8  
Accounts payable 698.2 669.8 637.3  
Income taxes payable 16.0 9.4 8.1  
Accrued liabilities 256.1 274.4 258.2  
Total current liabilities 971.0 954.3 985.4  
Long-term debt 3,534.7 3,611.3 3,530.8  
Accrued pension liability 628.7 635.9 627.5  
Deferred income taxes 498.4 511.2 1,033.0  
Other liabilities 764.3 751.9 364.9  
Total liabilities 6,397.1 6,464.6 6,541.6  
Commitments and contingencies  
Shareholders’ equity:        
Common stock, par value $1 per share: authorized, 240.0 shares; issued and outstanding, 167.2, 167.1 and 165.9 shares 167.2 167.1 165.9  
Additional paid-in capital 2,285.0 2,280.9 2,253.7  
Accumulated other comprehensive loss (552.8) (484.6) (502.1) (510.0)
Retained earnings 863.7 790.3 354.1  
Total shareholders’ equity 2,763.1 2,753.7 2,271.6 $ 2,273.0
Total liabilities and shareholders’ equity $ 9,160.2 $ 9,218.3 $ 8,813.2