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Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Current assets:      
Cash and cash equivalents $ 163.6 $ 180.5 $ 306.1
Receivables, net 1,075.4 1,106.5 1,041.7
Income taxes receivable 26.0 0.3 3.0
Inventories, net 945.1 868.3 826.8
Other current assets 74.9 92.7 127.7
Total current assets 2,285.0 2,248.3 2,305.3
Property, plant and equipment (less accumulated depreciation of $4,296.5, $4,076.5 and $3,997.2) 2,690.8 2,913.6 2,934.5
Operating lease assets, net 371.4 372.4 386.8
Deferred income taxes 81.9 99.3 104.9
Other assets 1,090.7 1,131.8 1,152.4
Intangible assets, net 279.2 331.7 348.5
Goodwill 1,421.2 1,420.6 1,420.3
Total assets 8,220.2 8,517.7 8,652.7
Current liabilities:      
Current installments of long-term debt 1.0 201.1 201.1
Accounts payable 892.6 847.7 811.7
Income taxes payable 183.2 98.4 62.1
Current operating lease liabilities 74.3 76.8 78.1
Accrued liabilities 467.6 458.1 434.0
Total current liabilities 1,618.7 1,682.1 1,587.0
Long-term debt 2,580.4 2,578.2 2,823.5
Operating lease liabilities 305.1 302.0 314.7
Accrued pension liability 286.3 381.9 654.2
Deferred income taxes 546.8 558.9 526.8
Other liabilities 333.2 362.4 358.6
Total liabilities 5,670.5 5,865.5 6,264.8
Commitments and contingencies
Shareholders’ equity:      
Common stock, $1.00 par value per share:  authorized, 240.0 shares; issued and outstanding, 137.0, 156.8 and 159.4 shares 137.0 156.8 159.4
Additional paid-in capital 920.3 1,969.6 2,133.1
Accumulated other comprehensive loss (562.3) (488.0) (643.8)
Retained earnings 2,054.7 1,013.8 739.2
Total shareholders’ equity 2,549.7 2,652.2 2,387.9
Total liabilities and shareholders’ equity $ 8,220.2 $ 8,517.7 $ 8,652.7