CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 209.4	$ 195.1
Trade accounts receivable, less allowances of $42.1 and $47.8 at July 1, 2017 and December 31, 2016, respectively	1,138.1	1,001.0
Inventories, net	618.5	519.1
Assets held for sale	8.3	6.8
Other current assets	235.5	182.8
Total current assets	2,209.8	1,904.8
Property, plant and equipment	2,865.5	2,661.4
Accumulated depreciation	(1,847.7)	(1,746.2)
Property, plant and equipment, net	1,017.8	915.2
Goodwill	950.4	793.6
Other intangibles resulting from business acquisitions, net	168.1	66.7
Non-current deferred income taxes	325.1	313.2
Other assets	420.6	402.9
Total assets	5,091.8	4,396.4
Current liabilities:
Short-term borrowings and current portion of long-term debt and capital leases	444.0	579.1
Accounts payable	930.9	841.9
Accrued payroll and employee benefits	188.8	217.4
Other current liabilities	408.7	365.9
Total current liabilities	1,972.4	2,004.3
Long-term debt and capital leases	1,276.3	713.4
Long-term retirement benefits and other liabilities	656.0	660.9
Non-current deferred and payable income taxes	117.3	92.3
Commitments and contingencies (see Note 15)
Shareholders' equity:
Common stock, $1 par value per share, authorized - 400,000,000 shares at July 1, 2017 and December 31, 2016; issued - 124,126,624 shares at July 1, 2017 and December 31, 2016; outstanding - 88,390,029 shares and 88,308,860 shares at July 1, 2017 and December 31, 2016, respectively	124.1	124.1
Capital in excess of par value	845.9	852.0
Retained earnings	2,621.8	2,473.3
Treasury stock at cost, 35,736,595 shares and 35,817,764 shares at July 1, 2017 and December 31, 2016, respectively	(1,805.6)	(1,772.0)
Accumulated other comprehensive loss	(716.4)	(751.9)
Total shareholders' equity	1,069.8	925.5
Total liabilities and shareholders' equity	$ 5,091.8	$ 4,396.4