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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 31, 2023
Sep. 30, 2023
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 284.1 $ 467.8 $ 330.9
Restricted cash 16.8 11.1 11.1
Short-Term Investments in Marketable Securities 0.8 0.8 0.8
Total Cash and Short-Term Investments in Marketable Securities 301.7 479.7 342.8
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 500.8 493.2 568.2
Inventories      
Finished Goods 937.0 932.0 825.4
Work-In-Process 173.5 181.6 194.5
Raw Materials 354.2 363.2 425.1
Net Inventories 1,464.7 1,476.8 1,445.0
Prepaid Expenses and Other 80.8 60.0 85.3
Current Assets 2,348.0 2,509.7 2,441.3
Property      
Land 44.1 44.1 44.0
Buildings and Improvements 635.8 619.7 609.3
Equipment 1,578.3 1,551.5 1,529.0
Total Land, Buildings and Improvements and Equipment 2,258.2 2,215.3 2,182.3
Accumulated Depreciation (1,199.4) (1,135.5) (1,111.0)
Land Buildings And Improvements And Equipment Net 1,058.8 1,079.8 1,071.3
Unamortized Product Tooling Costs 219.5 236.0 240.3
Net Property 1,278.3 1,315.8 1,311.6
Other Assets      
Goodwill 1,059.7 1,030.7 1,007.6
Other Intangibles, Net 939.9 978.0 999.8
Operating Lease Assets 162.5 152.2 136.2
Deferred Income Tax Asset 187.0 186.8 150.9
Equity Investments 32.9 38.7 35.6
Other Long-Term Assets 15.2 18.6 17.9
Other Assets 2,397.2 2,405.0 2,348.0
Total Assets 6,023.5 6,230.5 6,100.9
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 199.2 454.7 455.3
Accounts Payable 369.1 558.0 493.4
Accrued Expenses 625.8 739.4 710.5
Current Liabilities 1,194.1 1,752.1 1,659.2
Long-Term Liabilities      
Debt 2,372.7 1,975.7 1,975.7
Operating Lease Liabilities 144.1 133.9 117.8
Postretirement Benefits 48.6 52.5 45.6
Other 217.3 216.5 204.4
Long-Term Liabilities 2,795.1 2,391.0 2,355.9
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares 76.9 76.9 76.9
Additional Paid-In Capital 398.0 392.0 385.2
Retained Earnings 3,724.9 3,596.9 3,563.4
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (2,137.8) (1,952.7) (1,897.6)
Accumulated Other Comprehensive Loss (27.7) (25.7) (42.1)
Shareholders' Equity 2,034.3 2,087.4 2,085.8
Total Liabilities and Shareholders' Equity $ 6,023.5 $ 6,230.5 $ 6,100.9
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000 102,538,000
Common Stock, Shares Outstanding (in Shares) 66,101,000 68,227,000 68,939,000
Treasury Stock, Shares (in Shares) 36,437,000 34,311,000 33,599,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent $ 12.4 $ 12.4 $ 12.4