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Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:        
Cash and cash equivalents $ 194.5 $ 220.9 $ 105.7 $ 178.8
Receivables, net 802.9 760.4 808.3  
Income taxes receivable 19.9 13.9 6.3  
Inventories, net 667.5 695.7 717.5  
Other current assets 54.5 23.1 46.7  
Total current assets 1,739.3 1,714.0 1,684.5  
Property, plant and equipment (less accumulated depreciation of $3,373.8, $3,268.1 and $2,892.4) 3,282.7 3,323.8 3,433.5  
Operating lease assets, net 366.5 377.8 275.1  
Deferred income taxes 39.6 35.3 31.7  
Other assets 1,205.3 1,169.1 1,131.4  
Intangible assets, net 431.4 448.1 494.2  
Goodwill 2,119.6 2,119.7 2,119.5 2,119.6
Total assets 9,184.4 9,187.8 9,169.9  
Current liabilities:        
Current installments of long-term debt 2.0 2.1 126.1  
Accounts payable 668.1 651.9 637.0  
Income taxes payable 7.4 19.8 13.0  
Current operating lease liabilities 76.6 79.3 69.4  
Accrued liabilities 811.8 329.1 294.4  
Total current liabilities 1,565.9 1,082.2 1,139.9  
Long-term debt 3,489.5 3,338.7 3,067.2  
Operating lease liabilities 295.0 303.4 206.0  
Accrued pension liability 778.0 797.7 660.2  
Deferred income taxes 449.9 454.5 525.9  
Other liabilities 317.0 793.8 733.1  
Total liabilities 6,895.3 6,770.3 6,332.3  
Commitments and contingencies  
Shareholders’ equity:        
Common stock, $1.00 par value per share: authorized, 240.0 shares; issued and outstanding, 157.8, 157.7 and 164.9 shares 157.8 157.7 164.9  
Additional paid-in capital 2,122.8 2,122.1 2,239.2  
Accumulated other comprehensive loss (821.1) (803.4) (656.9) (651.0)
Retained earnings 829.6 941.1 1,090.4  
Total shareholders’ equity 2,289.1 2,417.5 2,837.6 $ 2,832.2
Total liabilities and shareholders’ equity $ 9,184.4 $ 9,187.8 $ 9,169.9