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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 $ 509.9 $ 464.8
Restricted cash 0 3.6
Accounts receivable, less allowances: 2012 - $13.0 million; 2011 - $19.0 million 715.7 645.5
Inventories, net 943.3 964.4
Deferred income taxes 112.8 113.7
Deferred charges and prepaid expenses 12.9 12.8
Other current assets 70.9 88.1
Total Current Assets 2,365.5 2,292.9
Property, Plant and Equipment - Net 1,320.0 1,308.9
Other Assets    
Goodwill 332.1 332.7
Other intangible assets 226.3 235.7
Deferred income taxes 121.0 141.9
Other non-current assets 39.9 40.0
Total Other Assets 719.3 750.3
Total Assets 4,404.8 4,352.1
Current Liabilities    
Short-term debt 8.1 22.0
Accounts payable, trade 283.7 287.3
Salaries, wages and benefits 202.7 259.3
Income taxes payable 140.8 70.2
Deferred income taxes 3.6 3.1
Other current liabilities 176.6 188.4
Current portion of long-term debt 12.2 14.3
Total Current Liabilities 827.7 844.6
Non-Current Liabilities    
Long-term debt 473.9 478.8
Accrued pension cost 278.0 491.0
Accrued postretirement benefits cost 389.2 395.9
Deferred income taxes 6.6 7.5
Other non-current liabilities 114.2 91.8
Total Non-Current Liabilities 1,261.9 1,465.0
Shareholders' Equity    
Class I and II Serial Preferred Stock without par value: Authorized – 10,000,000 shares each class, none issued 0 0
Common stock without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2012 – 98,375,135 shares; 2011 – 98,375,135 shares) Stated capital 53.1 53.1
Other paid-in capital 884.2 889.2
Earnings invested in the business 2,299.1 2,004.7
Accumulated other comprehensive loss (882.5) (889.5)
Treasury shares at cost (2012 - 1,045,397 shares; 2011 - 708,327 shares) (52.9) (29.2)
Total Shareholders' Equity 2,301.0 2,028.3
Noncontrolling Interest 14.2 14.2
Total Equity 2,315.2 2,042.5
Total Liabilities and Shareholders' Equity $ 4,404.8 $ 4,352.1