XML 14 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Balance Sheets (unaudited) (USD $)
In Millions
Oct. 01, 2011
Dec. 31, 2010
Oct. 02, 2010
Current assets   
Cash and cash equivalents, at cost, which approximates market$ 384.5$ 551.4$ 676.5
Short-term investments in marketable securities74.184.70.8
Total cash, cash equivalents and short-term investments in marketable securities458.6636.1677.3
Restricted cash20.000
Accounts and notes receivable, less allowances of $33.3, $38.0 and $44.0389.0327.3367.4
Inventories   
Finished goods282.7276.9245.8
Work-in-process164.4164.0177.5
Raw materials81.986.695.1
Net inventories529.0527.5518.4
Deferred income taxes8.817.01.8
Prepaid expenses and other29.027.929.2
Current assets1,434.41,535.81,594.1
Property   
Land85.088.989.9
Buildings and improvements616.1651.3654.8
Equipment1,058.51,079.31,073.3
Total land, buildings and improvements and equipment1,759.61,819.51,818.0
Accumulated depreciation(1,244.8)(1,250.3)(1,245.8)
Net land, buildings and improvements and equipment514.8569.2572.2
Unamortized product tooling costs66.261.065.3
Net property581.0630.2637.5
Other assets   
Goodwill291.0290.9291.1
Other intangibles, net51.156.759.6
Long-term investments in marketable securities88.121.00
Equity investments53.953.759.9
Other long-term assets78.389.789.5
Other assets562.4512.0500.1
Total assets2,577.82,678.02,731.7
Current liabilities   
Short-term debt, including current maturities of long-term debt2.12.24.3
Accounts payable302.0288.2274.9
Accrued expenses598.5661.2623.3
Current liabilities902.6951.6902.5
Long-term liabilities   
Debt701.2828.4829.8
Deferred income taxes85.271.652.8
Postretirement benefits505.6548.9527.8
Other193.8207.1201.7
Long-term liabilities1,485.81,656.01,612.1
Shareholders' equity   
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares76.976.976.9
Additional paid-in capital432.0424.6421.9
Retained earnings491.8390.3498.7
Treasury stock, at cost: 13,459,000, 13,877,000 and 13,912,000 shares(398.0)(405.9)(406.5)
Accumulated other comprehensive loss, net of tax(413.3)(415.5)(373.9)
Shareholders' equity189.470.4217.1
Total liabilities and shareholders' equity$ 2,577.8$ 2,678.0$ 2,731.7