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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Current assets:      
Cash and cash equivalents $ 744,889 $ 862,590 $ 32,696
Accounts receivable, less allowance 1,097,751 1,032,508 989,873
Inventories:      
Finished goods 779,057 732,359 730,727
Work in process and raw materials 191,758 187,965 196,082
Total inventory 970,815 920,324 926,809
Deferred income taxes 104,496 126,730 149,207
Other current assets 240,766 207,086 163,008
Total current assets 3,158,717 3,149,238 2,261,593
Goodwill 1,178,687 1,156,005 1,108,008
Intangible assets 313,299 347,553 305,873
Deferred pension assets 302,446 249,911 228,350
Other assets 407,975 366,134 368,898
Property, plant and equipment:      
Land 125,131 102,336 105,010
Buildings 715,096 677,944 668,802
Machinery and equipment 1,838,590 1,750,729 1,657,874
Construction in progress 62,563 56,582 41,264
Total gross property, plant and equipment 2,741,380 2,587,591 2,472,950
Less allowances for depreciation 1,719,997 1,621,695 1,516,420
Total net property, plant and equipment 1,021,383 965,896 956,530
Total Assets 6,382,507 6,234,737 5,229,252
Current liabilities:      
Short-term borrowings 96,551 69,035 346,313
Accounts payable 998,484 922,999 965,149
Compensation and taxes withheld 337,637 314,892 251,060
Accrued taxes 79,504 52,104 120,555
Current portion of long-term debt 502,948 3,689 7,823
Other accruals 513,433 513,717 471,761
Total current liabilities 2,528,557 1,876,436 2,162,661
Long-term debt 1,122,373 1,632,165 639,231
Postretirement benefits other than pensions 268,874 320,223 297,528
Other long-term liabilities 688,168 614,109 612,913
Shareholders’ equity:      
Common stock - $1.00 par value: 100,129,380, 103,270,067 and 103,854,234 shares outstanding at December 31, 2013, 2012 and 2011, respectively 112,902 111,623 107,454
Preferred stock - convertible, no par value: 40,406, 101,086 and 160,273 shares outstanding at December 31, 2013, 2012 and 2011, respectively 40,406 101,086 160,273
Unearned ESOP compensation (40,406) (101,086) (160,273)
Other capital 1,847,801 1,673,788 1,297,625
Retained earnings 1,774,050 1,226,467 756,372
Treasury stock, at cost (1,639,174) (849,685) (276,654)
Cumulative other comprehensive loss (321,044) (370,389) (367,878)
Total shareholders’ equity 1,774,535 1,791,804 1,516,919
Total Liabilities and Shareholders’ Equity $ 6,382,507 $ 6,234,737 $ 5,229,252