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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 572 $ 665
Accounts receivable, net 383 319
Inventories 703 668
Deferred taxes 32 55
Other 105 86
Total current assets 1,795 1,793
Property, plant and equipment:    
Land 55 51
Buildings and improvements 806 764
Machinery and equipment 973 888
Construction in progress 77 120
Less - accumulated depreciation (1,100) (1,060)
Property, plant and equipment, net 811 763
Goodwill, net 683 466
Intangibles, net 294 159
Other 92 100
Total assets 3,675 3,281
Current liabilities:    
Notes payable and current maturities of long-term debt 448 221
Accounts payable 144 143
Payroll 53 67
Income taxes 12 34
Other 81 73
Total current liabilities 738 538
Long-term debt 300 300
Pension and post-retirement benefits 146 143
Deferred taxes 62 22
Other 75 79
Total liabilities 1,321 1,082
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at June 30, 2012 and December 31, 2011; 121 million shares outstanding at June 30, 2012 and December 31, 2011 202 202
Capital in excess of par value 252 225
Common stock in treasury, at cost, 81 million shares at June 30, 2012 and December 31, 2011 (2,204) (2,165)
Retained earnings 4,090 3,907
Accumulated other comprehensive income 14 30
Total stockholders' equity 2,354 2,199
Total liabilities and stockholders' equity $ 3,675 $ 3,281