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Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Current assets:      
Cash and cash equivalents $ 306.1 $ 189.7 $ 282.7
Receivables, net 1,041.7 770.9 714.9
Income taxes receivable 3.0 15.1 22.0
Inventories, net 826.8 674.7 608.4
Other current assets 127.7 66.7 44.5
Total current assets 2,305.3 1,717.1 1,672.5
Property, plant and equipment (less accumulated depreciation of $3,997.2, $3,719.8 and $3,602.4) 2,934.5 3,171.0 3,179.8
Operating lease assets, net 386.8 360.7 376.0
Deferred income taxes 104.9 11.2 36.3
Other assets 1,152.4 1,191.3 1,177.0
Intangible assets, net 348.5 399.4 404.9
Goodwill 1,420.3 1,420.2 1,420.1
Total assets 8,652.7 8,270.9 8,266.6
Current liabilities:      
Current installments of long-term debt 201.1 26.3 1.2
Accounts payable 811.7 729.2 614.7
Income taxes payable 62.1 10.7 14.2
Current operating lease liabilities 78.1 74.7 76.2
Accrued liabilities 434.0 358.0 335.8
Total current liabilities 1,587.0 1,198.9 1,042.1
Long-term debt 2,823.5 3,837.5 3,959.5
Operating lease liabilities 314.7 291.6 305.0
Accrued pension liability 654.2 733.3 766.5
Deferred income taxes 526.8 443.2 410.9
Other liabilities 358.6 315.6 313.5
Total liabilities 6,264.8 6,820.1 6,797.5
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share:  authorized, 240.0 shares; issued and outstanding, 159.4, 158.0 and 157.9 shares 159.4 158.0 157.9
Additional paid-in capital 2,133.1 2,137.8 2,129.9
Accumulated other comprehensive loss (643.8) (689.9) (728.2)
Retained earnings (accumulated deficit) 739.2 (155.1) (90.5)
Total shareholders’ equity 2,387.9 1,450.8 1,469.1
Total liabilities and shareholders’ equity $ 8,652.7 $ 8,270.9 $ 8,266.6