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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 589 $ 665
Accounts receivable, net 381 319
Inventories 722 668
Deferred taxes 34 55
Other 79 86
Total current assets 1,805 1,793
Property, plant and equipment:    
Land 56 51
Buildings and improvements 817 764
Machinery and equipment 998 888
Construction in progress 77 120
Less - accumulated depreciation (1,131) (1,060)
Property, plant and equipment, net 817 763
Goodwill, net 689 466
Intangibles, net 289 159
Other 94 100
Total assets 3,694 3,281
Current liabilities:    
Notes payable and current maturities of long-term debt 373 221
Accounts payable 144 143
Payroll 65 67
Income taxes 18 34
Other 77 73
Total current liabilities 677 538
Long-term debt 300 300
Pension and post-retirement benefits 141 143
Deferred taxes 61 22
Other 74 79
Total liabilities 1,253 1,082
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at September 30, 2012 and December 31, 2011; 120 million shares outstanding at September 30, 2012 and 121 million shares outstanding at December 31, 2011 202 202
Capital in excess of par value 264 225
Common stock in treasury, at cost, 82 million shares at September 30, 2012 and 81 million shares at December 31, 2011 (2,250) (2,165)
Retained earnings 4,178 3,907
Accumulated other comprehensive income 47 30
Total stockholders' equity 2,441 2,199
Total liabilities and stockholders' equity $ 3,694 $ 3,281