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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 326.3 $ 346.3
Accounts receivable, net 432.0 410.9
Current insurance receivable - asbestos 20.5 20.5
Inventories, net:    
Finished goods 116.1 111.8
Finished parts and subassemblies 45.0 42.5
Work in process 61.7 53.2
Raw materials 165.1 162.2
Inventories, net 387.9 369.7
Current deferred tax asset 37.6 33.0
Other current assets 20.1 14.8
Total current assets 1,224.4 1,195.2
Property, plant and equipment:    
Cost 818.1 824.9
Less: accumulated depreciation 535.0 534.7
Property, plant and equipment, net 283.1 290.3
Long-term insurance receivable - asbestos 119.8 126.8
Long-term deferred tax assets 180.4 196.2
Other assets 101.0 97.6
Intangible assets, net 336.0 353.5
Goodwill 1,183.4 1,191.3
Total assets 3,428.1 3,450.8
Current liabilities:    
Short-term borrowings 122.7 100.8
Accounts payable 211.9 228.8
Current asbestos liability 79.0 79.0
Accrued liabilities 228.8 225.8
U.S. and foreign taxes on income 13.4 5.6
Total current liabilities 655.8 640.0
Long-term debt 749.2 749.2
Accrued pension and postretirement benefits 264.5 278.3
Long-term deferred tax liability 42.9 46.3
Long-term asbestos liability 502.8 534.5
Other liabilities 121.1 131.9
Total liabilities $ 2,336.3 $ 2,380.2
Commitments and contingencies (Note 8)    
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized $ 0.0 $ 0.0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 253.3 249.2
Retained earnings 1,590.5 1,522.0
Accumulated other comprehensive loss (339.0) (298.8)
Treasury stock (496.5) (485.1)
Total shareholders' equity 1,080.7 1,059.8
Noncontrolling interests 11.1 10.8
Total equity 1,091.8 1,070.6
Total liabilities and equity $ 3,428.1 $ 3,450.8
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,384,599) (14,304,348)
Common stock outstanding 58,041,540 58,121,791