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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 724 $ 665
Accounts receivable, net 356 319
Inventories 722 668
Deferred taxes 32 55
Other 95 86
Total current assets 1,929 1,793
Property, plant and equipment:    
Land 57 51
Buildings and improvements 843 764
Machinery and equipment 1,050 888
Construction in progress 61 120
Less - accumulated depreciation (1,182) (1,060)
Property, plant and equipment, net 829 763
Goodwill, net 691 466
Intangibles, net 282 159
Other 89 100
Total assets 3,820 3,281
Current liabilities:    
Notes payable and current maturities of long-term debt 383 221
Accounts payable 160 143
Payroll 55 67
Income taxes 26 34
Other 77 73
Total current liabilities 701 538
Long-term debt 300 300
Pension and post-retirement benefits 135 143
Deferred taxes 64 22
Other 74 79
Total liabilities 1,274 1,082
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at December 31, 2012 and December 31, 2011; 120 million shares outstanding at December 31, 2012 and 121 million shares outstanding at December 31, 2011 202 202
Capital in excess of par value 276 225
Common stock in treasury, at cost, 82 million shares at December 31, 2012 and 81 million shares at December 31, 2011 (2,271) (2,165)
Retained earnings 4,270 3,907
Accumulated other comprehensive income 69 30
Total stockholders' equity 2,546 2,199
Total liabilities and stockholders' equity $ 3,820 $ 3,281