XML 83 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEET (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 405,505 $ 324,422
Receivables:    
Trade 534,986 508,736
Allowance for doubtful accounts (10,493) (9,293)
Inventories 533,806 540,658
Deferred income taxes 40,189 65,763
Prepaid expenses and other current assets 148,910 142,401
Total Current Assets 1,652,903 1,572,687
Property, plant and equipment, net 687,215 654,641
Goodwill 665,582 665,582
Other intangible assets, net 30,615 36,688
Deferred income taxes 154,437 157,074
Other assets 140,979 159,520
Total Assets 3,331,731 3,246,192
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 149 150,071
Accounts payable 226,733 199,272
Dividends payable 31,740 0
Restructuring and other charges 2,116 3,149
Other current liabilities 299,628 277,386
Total Current Liabilities 560,366 629,878
Other Liabilities:    
Long-term debt 932,665 881,104
Deferred gains 41,339 44,674
Retirement liabilities 238,225 327,373
Other liabilities 92,085 110,608
Total Other Liabilities 1,304,314 1,363,759
Commitments and Contingencies (Note 17)      
Shareholders’ Equity:    
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,761,840 shares as of December 31, 2013 and 2012; and outstanding 81,384,246 and 81,626,874 shares as of December 31, 2013 and 2012 14,470 14,470
Capital in excess of par value 131,461 127,504
Retained earnings 3,075,657 2,841,166
Accumulated other comprehensive loss:    
Cumulative translation adjustments (104,278) (93,722)
Accumulated losses on derivatives qualifying as hedges (4,012) (218)
Pension and postretirement liability adjustment (284,421) (309,685)
Treasury stock, at cost — 34,377,594 and 34,134,966 shares as of December 31, 2013 and 2012 (1,365,805) (1,330,707)
Total Shareholders’ Equity 1,463,072 1,248,808
Noncontrolling interest 3,979 3,747
Total Shareholders’ Equity including noncontrolling interest 1,467,051 1,252,555
Total Liabilities and Shareholders’ Equity $ 3,331,731 $ 3,246,192