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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 412.7 $ 418.9
Restricted cash 0.7 0.4
Accounts receivable, less allowances (2024 – $19.0 million; 2023 – $17.1 million) 762.0 671.7
Unbilled receivables 162.6 144.5
Inventories, net 1,255.3 1,229.1
Deferred charges and prepaid expenses 41.9 41.5
Other current assets 96.7 128.8
Total Current Assets 2,731.9 2,634.9
Property, Plant and Equipment, net 1,314.8 1,311.9
Other Assets    
Goodwill 1,465.5 1,369.6
Other intangible assets, net 1,059.5 1,031.4
Operating lease assets 119.7 119.7
Deferred income taxes 46.8 44.3
Other non-current assets 29.2 29.9
Total Other Assets 2,720.7 2,594.9
Total Assets 6,767.4 6,541.7
Current Liabilities    
Accounts payable, trade 344.6 367.2
Short-term debt, including current portion of long-term debt 49.7 605.6
Salaries, wages and benefits 152.2 161.5
Income taxes payable 30.8 19.9
Other current liabilities 333.0 317.1
Total Current Liabilities 910.3 1,471.3
Non-Current Liabilities    
Long-term debt 2,189.2 1,790.3
Accrued pension benefits 160.9 172.3
Accrued postretirement benefits 30.3 30.2
Long-term operating lease liabilities 75.5 78.7
Deferred income taxes 198.0 186.5
Other non-current liabilities 112.5 110.0
Total Non-Current Liabilities 2,766.4 2,368.0
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2024 – 79,171,638 shares; 2023 – 78,680,164 shares) Stated capital 40.7 40.7
Other paid-in capital 1,260.0 1,076.5
Retained earnings 2,441.5 2,232.2
Accumulated other comprehensive loss (147.4) (146.9)
Treasury shares at cost (2024 – 9,054,863 shares; 2023 – 8,553,272 shares) (661.5) (620.1)
Total Shareholders’ Equity 2,933.3 2,582.4
Noncontrolling Interest 157.4 120.0
Total Equity 3,090.7 2,702.4
Total Liabilities and Equity $ 6,767.4 $ 6,541.7