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Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Current assets:        
Cash and cash equivalents $ 156.7 $ 218.4 $ 255.9 $ 184.5
Receivables, net 1,009.2 733.2 729.5  
Income taxes receivable 12.8 16.9 15.9  
Inventories, net 724.4 682.6 689.5  
Other current assets 35.2 48.1 27.1  
Total current assets 1,938.3 1,699.2 1,717.9  
Property, plant and equipment (less accumulated depreciation of $2,651.2, $2,333.1 and $2,222.8) 3,456.7 3,575.8 3,579.2  
Deferred income taxes 24.8 36.4 141.1  
Other assets 1,159.6 1,208.4 1,215.6  
Intangible assets, net 528.3 578.5 592.9  
Goodwill 2,119.6 2,120.0 2,119.8 2,118.0
Total assets 9,227.3 9,218.3 9,366.5  
Current liabilities:        
Current installments of long-term debt 0.9 0.7 81.7  
Accounts payable 709.4 669.8 613.5  
Income taxes payable 22.1 9.4 9.6  
Accrued liabilities 341.3 274.4 294.5  
Total current liabilities 1,073.7 954.3 999.3  
Long-term debt 3,336.4 3,611.3 3,663.5  
Accrued pension liability 589.6 635.9 618.7  
Deferred income taxes 548.6 511.2 1,055.5  
Other liabilities 756.1 751.9 731.0  
Total liabilities 6,304.4 6,464.6 7,068.0  
Commitments and contingencies  
Shareholders’ equity:        
Common stock, par value $1 per share: authorized, 240.0 shares; issued and outstanding, 166.8, 167.1 and 166.4 shares 166.8 167.1 166.4  
Additional paid-in capital 2,276.9 2,280.9 2,267.7  
Accumulated other comprehensive loss (571.3) (484.6) (470.0) (510.0)
Retained earnings 1,050.5 790.3 334.4  
Total shareholders’ equity 2,922.9 2,753.7 2,298.5 $ 2,273.0
Total liabilities and shareholders’ equity $ 9,227.3 $ 9,218.3 $ 9,366.5