XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 558 $ 665
Accounts receivable, net 392 319
Inventories 697 668
Deferred taxes 37 55
Other 75 86
Total current assets 1,759 1,793
Property, plant and equipment:    
Land 56 51
Buildings and improvements 794 764
Machinery and equipment 959 888
Construction in progress 107 120
Less - accumulated depreciation (1,092) (1,060)
Property, plant and equipment, net 824 763
Goodwill, net 698 466
Intangibles, net 297 159
Other 93 100
Total assets 3,671 3,281
Current liabilities    
Notes payable and current maturities of long-term debt 414 221
Accounts payable 156 143
Payroll 65 67
Income taxes 48 34
Other 85 73
Total current liabilities 768 538
Long-term debt 300 300
Pension and post-retirement benefits 147 143
Deferred taxes 66 22
Other 74 79
Total liabilities 1,355 1,082
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at March 31, 2012 and December 31, 2011; 121 million shares outstanding at March 31, 2012 and December 31, 2011 202 202
Capital in excess of par value 242 225
Common stock in treasury, at cost, 81 million shares at March 31, 2012 and December 31, 2011 (2,181) (2,165)
Retained earnings 4,000 3,907
Accumulated other comprehensive income 53 30
Total stockholders' equity 2,316 2,199
Total liabilities and stockholders' equity $ 3,671 $ 3,281