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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 189.7 $ 220.9
Receivables, net 770.9 760.4
Income taxes receivable 15.1 13.9
Inventories, net 674.7 695.7
Other current assets 66.7 23.1
Total current assets 1,717.1 1,714.0
Property, plant and equipment, net 3,171.0 3,323.8
Operating lease assets, net 360.7 377.8
Deferred income taxes 11.2 35.3
Other assets 1,191.3 1,169.1
Intangible assets, net 399.4 448.1
Goodwill 1,420.2 2,119.7
Total assets 8,270.9 9,187.8
Current liabilities:    
Current installments of long-term debt 26.3 2.1
Accounts payable 729.2 651.9
Income taxes payable 10.7 19.8
Current operating lease liabilities 74.7 79.3
Accrued liabilities 358.0 329.1
Total current liabilities 1,198.9 1,082.2
Long-term debt 3,837.5 3,338.7
Operating lease liabilities 291.6 303.4
Accrued pension liability 733.3 797.7
Deferred income taxes 443.2 454.5
Other liabilities 315.6 793.8
Total liabilities 6,820.1 6,770.3
Commitments and contingencies
Shareholders’ equity:    
Common stock, $1.00 par value per share: Authorized, 240.0 shares; issued and outstanding 158.0 and 157.7 shares 158.0 157.7
Additional paid-in capital 2,137.8 2,122.1
Accumulated other comprehensive loss (689.9) (803.4)
Retained earnings (accumulated deficit) (155.1) 941.1
Total shareholders’ equity 1,450.8 2,417.5
Total liabilities and shareholders’ equity $ 8,270.9 $ 9,187.8