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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 436.3 $ 363.5
Accounts receivable, net 426.7 397.6
Current insurance receivable - asbestos 20.5 20.5
Inventories, net:    
Finished goods 106.6 102.3
Finished parts and subassemblies 54.1 46.9
Work in process 51.0 60.7
Raw materials 160.6 167.0
Inventories, net 372.3 376.9
Current deferred tax asset 34.8 27.5
Other current assets 19.3 17.5
Total current assets 1,309.9 1,203.5
Property, plant and equipment:    
Cost 837.4 809.5
Less: accumulated depreciation 554.4 533.5
Property, plant and equipment, net 283.0 276.0
Long-term insurance receivable - asbestos 91.3 108.7
Long-term deferred tax assets 135.4 162.4
Other assets 111.9 101.3
Intangible assets, net 302.1 317.1
Goodwill 1,175.6 1,167.9
Total assets 3,409.2 3,336.9
Current liabilities:    
Short-term borrowings 34.0 49.6
Accounts payable 202.5 223.3
Current asbestos liability 75.0 75.0
Accrued liabilities 230.7 218.6
U.S. and foreign taxes on income 14.4 6.3
Total current liabilities 556.6 572.8
Long-term debt 745.2 744.6
Accrued pension and postretirement benefits 219.8 235.4
Long-term deferred tax liability 52.3 50.0
Long-term asbestos liability 411.6 470.5
Other liabilities 99.7 112.8
Total liabilities 2,085.2 2,186.1
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 273.0 263.6
Retained earnings 1,803.3 1,674.3
Accumulated other comprehensive loss (359.5) (376.7)
Treasury stock (477.1) (494.2)
Total shareholders' equity 1,312.1 1,139.4
Noncontrolling interests 11.9 11.4
Total equity 1,324.0 1,150.8
Total liabilities and equity $ 3,409.2 $ 3,336.9
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (13,818,998) (14,317,102)
Common stock outstanding 58,607,141 58,109,037