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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 397.9 $ 410.7
Receivables, net of allowance of $5.8 in 2016 and $4.7 in 2015 631.8 502.5
Inventories (Note 8) 386.2 356.0
Prepaid expenses and other current assets 45.9 50.3
Total current assets 1,461.8 1,319.5
Property, plant, and equipment, net of accumulated depreciation of $590.4 in 2016 and $568.7 in 2015 (Note 9) 626.4 585.8
Other assets:    
Goodwill, net (Note 10) 1,156.0 1,134.4
Other intangible assets, net (Note 10) 901.6 887.8
Other long-term assets 25.9 23.4
Total other assets 2,083.5 2,045.6
TOTAL ASSETS 4,171.7 3,950.9
Current liabilities:    
Short-term debt, including current maturities (Note 12) 150.0 149.8
Accounts payable 284.0 212.6
Accrued expenses 212.7 219.4
Deferred revenue (Note 14) 26.6 24.0
Total current liabilities 673.3 605.8
Long-term liabilities:    
Long-term debt (Note 12) 596.0 595.6
Deferred revenue (Note 14) 163.8 159.7
Other long-term liabilities (Note 16) 248.5 242.4
Total long-term liabilities 1,008.3 997.7
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; 64,400,643 outstanding in 2016 and 64,051,600 in 2015 78.7 78.7
Additional paid-in capital 318.9 293.4
Deferred compensation equity (Note 5) 10.4 8.0
Cost of shares in treasury-14,033,610 shares in 2016 and 14,383,241 shares in 2015 (353.0) (327.4)
Accumulated other comprehensive loss (Note 17) (91.4) (87.1)
Retained earnings 2,526.5 2,381.8
Total shareholders' equity 2,490.1 2,347.4
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,171.7 $ 3,950.9