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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 410.7 $ 730.8
Receivables, net of allowance of $4.7 in 2015 and $4.8 in 2014 502.5 439.2
Inventories (Note 8) 356.0 339.1
Deferred income taxes (Note 6)   35.4
Prepaid expenses and other current assets 50.3 67.0
Total current assets 1,319.5 1,611.5
Property, plant, and equipment, net of accumulated depreciation of $568.7 in 2015 and $513.7 in 2014 (Note 9) 585.8 547.3
Other assets:    
Goodwill, net (Note 10) 1,134.4 964.5
Other intangible assets, net (Note 10) 887.8 611.7
Other long-term assets 26.6 23.7
Total other assets 2,048.8 1,599.9
TOTAL ASSETS 3,954.1 3,758.7
Current liabilities:    
Short-term debt, including current maturities (Note 12) 149.9  
Accounts payable 212.6 198.0
Accrued expenses 219.4 176.3
Deferred revenue (Note 14) 24.0 17.9
Total current liabilities 605.9 392.2
Long-term liabilities:    
Long-term debt (Note 12) 598.7 749.8
Deferred revenue (Note 14) 159.7 151.1
Other long-term liabilities (Note 16) 242.4 260.6
Total long-term liabilities $ 1,000.8 $ 1,161.5
Shareholders' equity:    
Preferred stock, $1 par value per share. Authorized and unissued 5,000,000 shares
Common stock, $1 par value per share. Authorized 200,000,000 shares; 78,661,248 shares issued; 64,051,600 outstanding in 2015 and 64,691,059 outstanding in 2014 $ 78.7 $ 78.7
Additional paid-in capital 293.4 247.8
Deferred compensation equity (Note 5) 8.0 6.0
Cost of shares in treasury-14,383,241 shares in 2015 and 13,723,201 shares in 2014 (327.4) (200.1)
Accumulated other comprehensive loss (Note 18) (87.1) (61.8)
Retained earnings 2,381.8 2,134.4
Total shareholders' equity 2,347.4 2,205.0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,954.1 $ 3,758.7