XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 237.9   $ 220.9 $ 126.9   $ 178.8
Receivables, net 700.2   760.4 848.2    
Income taxes receivable 17.6   13.9 23.4    
Inventories, net 619.1   695.7 698.9    
Other current assets 42.0   23.1 28.8    
Total current assets 1,616.8   1,714.0 1,726.2    
Property, plant and equipment (less accumulated depreciation of $3,484.9, $3,268.1 and $3,000.0) 3,234.9   3,323.8 3,410.5    
Operating lease assets, net 371.8   377.8 295.8    
Deferred income taxes 38.3   35.3 28.1    
Other assets 1,179.7   1,169.1 1,174.5    
Intangible assets, net 416.9   448.1 480.6    
Goodwill 2,119.7   2,119.7 2,119.6   2,119.6
Total assets 8,978.1   9,187.8 9,235.3    
Current liabilities:            
Current installments of long-term debt 1.8   2.1 1.1    
Accounts payable 520.8   651.9 669.2    
Income taxes payable 7.7   19.8 9.5    
Current operating lease liabilities 77.3   79.3 71.4    
Accrued liabilities 318.7   329.1 298.9    
Total current liabilities 926.3   1,082.2 1,050.1    
Long-term debt 4,073.9   3,338.7 3,232.6    
Operating lease liabilities 299.2   303.4 229.3    
Accrued pension liability 768.0   797.7 653.6    
Deferred income taxes 414.5   454.5 506.4    
Other liabilities 307.3   793.8 792.5    
Total liabilities 6,789.2   6,770.3 6,464.5    
Commitments and contingencies      
Shareholders’ equity:            
Common stock, $1.00 par value per share: authorized, 240.0 shares; issued and outstanding, 157.9, 157.7 and 164.3 shares 157.9   157.7 164.3    
Additional paid-in capital 2,127.0   2,122.1 2,229.2    
Accumulated other comprehensive loss (773.9)   (803.4) (660.4)   (651.0)
Retained earnings 677.9   941.1 1,037.7    
Total shareholders’ equity 2,188.9 $ 2,289.1 2,417.5 2,770.8 $ 2,837.6 $ 2,832.2
Total liabilities and shareholders’ equity $ 8,978.1   $ 9,187.8 $ 9,235.3