XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 450.8 $ 551.0
Accounts receivable, net 512.7 423.9
Current insurance receivable - asbestos 14.4 14.4
Inventories, net:    
Finished goods 142.1 125.4
Finished parts and subassemblies 57.9 54.5
Work in process 39.6 45.1
Raw materials 206.2 204.7
Inventories, net 445.8 429.7
Other current assets 110.8 137.3
Current assets held for sale 227.0 17.4
Total current assets 1,761.5 1,573.7
Property, plant and equipment:    
Cost 1,164.2 1,191.9
Less: accumulated depreciation 638.4 618.2
Property, plant and equipment, net 525.8 573.7
Long-term insurance receivable - asbestos 62.3 72.5
Long-term deferred tax assets 33.9 41.0
Other assets 194.4 197.4
Intangible assets, net 478.7 519.1
Goodwill 1,417.9 1,437.7
Long-term assets held for sale 0.0 199.9
Total assets 4,474.5 4,615.0
Current liabilities:    
Short-term borrowings 0.0 375.7
Accounts payable 244.3 198.9
Current asbestos liability 66.5 66.5
Accrued liabilities 395.4 388.0
U.S. and foreign taxes on income 19.9 0.1
Current liabilities held for sale 39.1 27.4
Total current liabilities 765.2 1,056.6
Long-term debt 842.2 842.9
Accrued pension and postretirement benefits 284.2 329.7
Long-term deferred tax liability 50.6 53.6
Long-term asbestos liability 563.9 603.6
Other liabilities 158.0 171.3
Long-term liabilities held for sale 0.0 26.2
Total liabilities 2,664.1 3,083.9
Commitments and contingencies
Equity:    
Preferred shares, par value $0.01; 5,000,000 shares authorized 0.0 0.0
Common shares, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72.4 72.4
Capital surplus 356.4 330.7
Retained earnings 2,480.6 2,192.8
Accumulated other comprehensive loss (503.8) (466.4)
Treasury stock (598.0) (600.6)
Total shareholders’ equity 1,807.6 1,528.9
Noncontrolling interests 2.8 2.2
Total equity 1,810.4 1,531.1
Total liabilities and equity $ 4,474.5 $ 4,615.0
Share data:    
Common shares issued (in shares) 72,426,139 72,426,139
Less: Common shares held in treasury (in shares) 13,718,725 14,298,191
Common shares outstanding (in shares) 58,707,414 58,127,948