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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2016
SUPPLEMENTAL FINANCIAL INFORMATION  
Net inventories

 

(In millions)

 

2016 

 

2015 

 

​  

​  

​  

​  

​  

​  

​  

Raw materials

 

$

185.0 

 

$

180.5 

 

Work-in-progress

 

 

156.8 

 

 

143.0 

 

Finished goods

 

 

177.3 

 

 

155.2 

 

​  

​  

​  

​  

​  

​  

​  

Inventories, net

 

$

519.1 

 

$

478.7 

 

​  

​  

​  

​  

​  

​  

​  

 

Property, Plant and Equipment

 

(In millions)

 

2016

 

2015

 

​  

​  

​  

​  

​  

​  

​  

Land

 

$

29.3

 

$

30.4

 

Buildings and improvements

 

 

565.3

 

 

579.3

 

Machinery and equipment

 

 

1,949.5

 

 

1,922.3

 

Construction-in-progress

 

 

117.3

 

 

67.9

 

​  

​  

​  

​  

​  

​  

​  

Property, plant and equipment

 

 

2,661.4

 

 

2,599.9

 

Accumulated depreciation

 

 

(1,746.2

)

 

(1,752.0

)

​  

​  

​  

​  

​  

​  

​  

Property, plant and equipment, net

 

$

915.2

 

$

847.9

 

​  

​  

​  

​  

​  

​  

​  

 

Capitalized software costs

 

(In millions)

 

2016

 

2015

 

​  

​  

​  

​  

​  

​  

​  

Cost

 

$

415.5

 

$

398.2

 

Accumulated amortization

 

 

(297.9

)

 

(270.8

)

​  

​  

​  

​  

​  

​  

​  

Software, net

 

$

117.6

 

$

127.4

 

​  

​  

​  

​  

​  

​  

​  

 

Schedule of research and development expense

 

(In millions)

 

2016 

 

2015 

 

2014 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Research and development expense

 

$

89.7 

 

$

91.9 

 

$

102.5 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Cash paid for interest and income taxes

 

(In millions)

 

2016 

 

2015 

 

2014 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Interest, net of capitalized amounts

 

$

58.9 

 

$

60.1 

 

$

61.6 

 

Income taxes, net of refunds

 

 

106.1 

 

 

129.9 

 

 

108.8 

 

​  

​  

​  

​  

​  

​  

​  

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​