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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Current assets:      
Cash and cash equivalents $ 71,563 $ 58,585 $ 48,401
Accounts receivable, less allowance 1,183,825 916,661 986,327
Inventories:      
Finished goods 853,715 743,953 666,136
Work in process and raw materials 213,296 173,748 127,692
Total Inventory 1,067,011 917,701 793,828
Deferred income taxes 128,492 127,348 120,948
Other current assets 187,291 193,427 190,418
Total current assets 2,638,182 2,213,722 2,139,922
Goodwill 1,113,721 1,102,458 1,011,949
Intangible assets 319,751 320,504 276,429
Deferred pension assets 253,117 248,333 248,959
Other assets 350,692 332,100 235,514
Property, plant and equipment:      
Land 107,110 106,101 104,851
Buildings 684,881 668,506 605,457
Machinery and equipment 1,658,432 1,617,530 1,571,553
Construction in progress 39,732 34,038 23,227
Total gross property, plant and equipment 2,490,155 2,426,175 2,305,088
Less allowances for depreciation 1,531,849 1,474,057 1,477,575
Total net property, plant and equipment 958,306 952,118 827,513
Total Assets 5,633,769 5,169,235 4,740,286
Current liabilities:      
Short-term borrowings 571,130 388,592 199,487
Accounts payable 1,019,310 909,649 881,141
Compensation and taxes withheld 227,509 253,247 205,119
Accrued taxes 120,867 62,547 134,854
Current portion of long-term debt 9,507 7,875 9,269
Other accruals 441,489 442,030 403,671
Total current liabilities 2,389,812 2,063,940 1,833,541
Long-term debt 644,255 648,326 699,815
Postretirement benefits other than pensions 296,778 295,896 284,660
Other long-term liabilities 556,112 551,633 391,044
Shareholders' equity:      
Common stock - $1.00 par value: 106,278,767, 107,020,728 and 108,790,303 shares outstanding at June 30, 2011, December 31, 2010 and June 30, 2010, respectively 106,779 231,346 230,461
Preferred stock - convertible, no par value: 194,275,216,753 and 216,753 shares outstanding at June 30, 2011, December 31, 2010 and June 30, 2010, respectively 194,275 216,753 216,753
Unearned ESOP compensation (194,275) (216,753) (216,753)
Other capital 1,289,455 1,222,909 1,161,273
Retained earnings 637,434 4,824,489 4,653,954
Treasury stock, at cost (41,700) (4,390,983) (4,190,479)
Cumulative other comprehensive loss (245,156) (278,321) (323,983)
Total shareholders' equity 1,746,812 1,609,440 1,531,226
Total Liabilities and Shareholders' Equity $ 5,633,769 $ 5,169,235 $ 4,740,286