CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 294.9	$ 195.1
Trade accounts receivable, less allowances of $51.9 and $47.8 at April 1, 2017 and December 31, 2016, respectively	1,099.5	1,001.0
Inventories, net	579.9	519.1
Assets held for sale	8.0	6.8
Other current assets	202.3	182.8
Total current assets	2,184.6	1,904.8
Property, plant and equipment	2,736.2	2,661.4
Accumulated depreciation	(1,795.9)	(1,746.2)
Property, plant and equipment, net	940.3	915.2
Goodwill	826.4	793.6
Other intangibles resulting from business acquisitions, net	83.4	66.7
Non-current deferred income taxes	317.8	313.2
Other assets	413.4	402.9
Total assets	4,765.9	4,396.4
Current liabilities:
Short-term borrowings and current portion of long-term debt and capital leases	333.2	579.1
Accounts payable	906.1	841.9
Accrued payroll and employee benefits	168.2	217.4
Other current liabilities	351.8	365.9
Total current liabilities	1,759.3	2,004.3
Long-term debt and capital leases	1,250.2	713.4
Long-term retirement benefits and other liabilities	649.9	660.9
Non-current deferred and payable income taxes	91.9	92.3
Commitments and contingencies (see Note 15)
Shareholders' equity:
Common stock, $1 par value per share, authorized - 400,000,000 shares at April 1, 2017 and December 31, 2016; issued - 124,126,624 shares at April 1, 2017 and December 31, 2016; outstanding - 88,714,837 shares and 88,308,860 shares at April 1, 2017 and December 31, 2016, respectively	124.1	124.1
Capital in excess of par value	839.2	852.0
Retained earnings	2,537.9	2,473.3
Treasury stock at cost, 35,411,787 shares and 35,817,764 shares at April 1, 2017 and December 31, 2016, respectively	(1,774.1)	(1,772.0)
Accumulated other comprehensive loss	(712.5)	(751.9)
Total shareholders' equity	1,014.6	925.5
Total liabilities and shareholders' equity	$ 4,765.9	$ 4,396.4