XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current assets:      
Cash and cash equivalents $ 304.6 $ 180.5 $ 272.8
Receivables, net 1,299.2 1,106.5 1,033.7
Income taxes receivable 8.0 0.3 62.4
Inventories, net 945.7 868.3 736.5
Other current assets 109.0 92.7 112.7
Total current assets 2,666.5 2,248.3 2,218.1
Property, plant and equipment (less accumulated depreciation of $4,217.9, $4,076.5 and $3,893.8) 2,755.0 2,913.6 3,005.6
Operating lease assets, net 360.1 372.4 370.7
Deferred income taxes 86.5 99.3 111.0
Other assets 1,090.0 1,131.8 1,165.9
Intangible assets, net 296.2 331.7 365.7
Goodwill 1,420.9 1,420.6 1,420.2
Total assets 8,675.2 8,517.7 8,657.2
Current liabilities:      
Current installments of long-term debt 201.1 201.1 1.1
Accounts payable 983.7 847.7 806.3
Income taxes payable 112.9 98.4 35.1
Current operating lease liabilities 75.1 76.8 76.9
Accrued liabilities 483.8 458.1 426.3
Total current liabilities 1,856.6 1,682.1 1,345.7
Long-term debt 2,579.6 2,578.2 3,381.8
Operating lease liabilities 292.1 302.0 299.8
Accrued pension liability 322.6 381.9 683.2
Deferred income taxes 582.1 558.9 521.9
Other liabilities 346.1 362.4 350.1
Total liabilities 5,979.1 5,865.5 6,582.5
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share:  authorized, 240.0 shares; issued and outstanding, 145.1, 156.8 and 160.5 shares 145.1 156.8 160.5
Additional paid-in capital 1,318.5 1,969.6 2,187.9
Accumulated other comprehensive loss (535.5) (488.0) (654.3)
Retained earnings 1,768.0 1,013.8 380.6
Total shareholders’ equity 2,696.1 2,652.2 2,074.7
Total liabilities and shareholders’ equity $ 8,675.2 $ 8,517.7 $ 8,657.2