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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 572.2 $ 509.7
Accounts receivable, net 437.3 396.4
Current insurance receivable - asbestos 18.0 18.0
Inventories, net:    
Finished goods 107.1 97.7
Finished parts and subassemblies 45.1 38.2
Work in process 59.7 56.0
Raw materials 164.3 150.6
Inventories, net 376.2 342.5
Current deferred tax asset 0.0 29.6
Other current assets 19.1 19.5
Total current assets 1,422.8 1,315.7
Property, plant and equipment:    
Cost 876.1 826.9
Less: accumulated depreciation 584.1 548.0
Property, plant and equipment, net 292.0 278.9
Long-term insurance receivable - asbestos 106.0 125.2
Long-term deferred tax assets 191.5 181.8
Other assets 104.2 95.0
Intangible assets, net 284.7 282.2
Goodwill 1,205.9 1,149.2
Total assets 3,607.1 3,428.0
Current liabilities:    
Accounts payable 210.0 223.2
Current asbestos liability 71.0 71.0
Accrued liabilities 240.5 223.1
U.S. and foreign taxes on income 13.7 3.5
Total current liabilities 535.2 520.8
Long-term debt 745.9 745.3
Accrued pension and postretirement benefits 237.7 249.1
Long-term deferred tax liability 43.3 42.4
Long-term asbestos liability 558.9 624.9
Other liabilities 95.8 99.8
Total liabilities 2,216.8 2,282.3
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 286.5 276.9
Retained earnings 1,861.6 1,719.9
Accumulated other comprehensive loss (384.6) (476.1)
Treasury stock (456.8) (459.3)
Total shareholders' equity 1,379.1 1,133.8
Noncontrolling interests 11.2 11.9
Total equity 1,390.3 1,145.7
Total liabilities and equity $ 3,607.1 $ 3,428.0
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (13,105,905) (13,461,280)
Common stock outstanding 59,320,234 58,964,859