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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2015
[1]
Dec. 31, 2014
[2]
Current assets:    
Cash and cash equivalents $ 224.9 $ 249.6
Short-term investments, at cost which approximates market 2.9 0.8
Accounts receivable, net 385.7 412.6
Inventories 203.6 211.8
Prepaid expenses and other current assets 60.9 49.8
Total current assets 878.0 924.6
Property, plant and equipment, less accumulated depreciation and depletion - Sept . 27, 2015 - $1,015.6; December 31, 2014 - $992.1 1,125.7 1,182.1
Goodwill 789.2 770.9
Intangible assets 214.7 212.1
Other assets and deferred charges 140.9 137.0
Total assets 3,148.5 3,226.7
Current liabilities:    
Short-term debt 6.2 5.6
Current maturities of long-term debt 2.2 0.3
Accounts payable 176.3 170.4
Other current liabilities 181.7 176.6
Total current liabilities 366.4 352.9
Long-term debt, net of unamortized discount 1,325.6 1,455.5
Deferred income taxes 310.4 314.5
Other non-current liabilities 221.4 214.9
Total liabilities 2,223.8 2,337.8
Shareholders' equity:    
Common stock 4.8 4.8
Additional paid-in capital 382.7 373.0
Retained earnings 1,277.4 1,191.8
Accumulated other comprehensive loss (173.3) (112.9)
Less common stock held in treasury (593.7) (593.7)
Total MTI shareholders' equity 897.9 863.0
Non-controlling interest 26.8 25.9
Total shareholders' equity 924.7 888.9
Total liabilities and shareholders' equity $ 3,148.5 $ 3,226.7
[1] Unaudited
[2] Condensed from audited financial statements