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Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Current assets:      
Cash and cash equivalents $ 272.8 $ 189.7 $ 237.9
Receivables, net 1,033.7 770.9 700.2
Income taxes receivable 62.4 15.1 17.6
Inventories, net 736.5 674.7 619.1
Other current assets 112.7 66.7 42.0
Total current assets 2,218.1 1,717.1 1,616.8
Property, plant and equipment (less accumulated depreciation of $3,893.8, $3,719.8 and $3,484.9) 3,005.6 3,171.0 3,234.9
Operating lease assets, net 370.7 360.7 371.8
Deferred income taxes 111.0 11.2 38.3
Other assets 1,165.9 1,191.3 1,179.7
Intangible assets, net 365.7 399.4 416.9
Goodwill 1,420.2 1,420.2 2,119.7
Total assets 8,657.2 8,270.9 8,978.1
Current liabilities:      
Current installments of long-term debt 1.1 26.3 1.8
Accounts payable 806.3 729.2 520.8
Income taxes payable 35.1 10.7 7.7
Current operating lease liabilities 76.9 74.7 77.3
Accrued liabilities 426.3 358.0 318.7
Total current liabilities 1,345.7 1,198.9 926.3
Long-term debt 3,381.8 3,837.5 4,073.9
Operating lease liabilities 299.8 291.6 299.2
Accrued pension liability 683.2 733.3 768.0
Deferred income taxes 521.9 443.2 414.5
Other liabilities 350.1 315.6 307.3
Total liabilities 6,582.5 6,820.1 6,789.2
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share:  authorized, 240.0 shares; issued and outstanding, 160.5, 158.0 and 157.9 shares 160.5 158.0 157.9
Additional paid-in capital 2,187.9 2,137.8 2,127.0
Accumulated other comprehensive loss (654.3) (689.9) (773.9)
Retained earnings (accumulated deficit) 380.6 (155.1) 677.9
Total shareholders’ equity 2,074.7 1,450.8 2,188.9
Total liabilities and shareholders’ equity $ 8,657.2 $ 8,270.9 $ 8,978.1