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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 457.9 $ 586.4
Accounts receivable, less allowances: 2013 - $12.6 million; 2012 - $12.1 million 607.2 546.7
Inventories, net 833.8 862.1
Deferred income taxes 80.0 98.6
Deferred charges and prepaid expenses 34.2 12.6
Other current assets 60.1 67.7
Total Current Assets 2,073.2 2,174.1
Property, Plant and Equipment, net 1,423.6 1,405.3
Other Assets    
Goodwill 345.2 338.9
Other intangible assets 225.8 224.7
Deferred income taxes 58.7 62.5
Other non-current assets 38.6 39.2
Total Other Assets 668.3 665.3
Total Assets 4,165.1 4,244.7
Current Liabilities    
Short-term debt 7.4 14.3
Accounts payable, trade 229.7 216.2
Salaries, wages and benefits 164.7 213.9
Income taxes payable 95.3 33.5
Deferred income taxes 7.8 2.9
Other current liabilities 161.9 177.5
Current portion of long-term debt 9.8 9.6
Total Current Liabilities 676.6 667.9
Non-Current Liabilities    
Long-term debt 455.3 455.1
Accrued pension cost 266.9 391.4
Accrued postretirement benefits cost 365.9 371.8
Deferred income taxes 8.9 4.9
Other non-current liabilities 68.6 107.0
Total Non-Current Liabilities 1,165.6 1,330.2
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) (2013 – 98,375,135 shares; 2012 – 98,375,135 shares) 53.1 53.1
Other paid-in capital 890.2 891.4
Earnings invested in the business 2,464.2 2,411.2
Accumulated other comprehensive loss (998.9) (1,013.2)
Treasury shares at cost (2013 - 2,221,214 shares; 2012 - 2,476,921 shares) (100.0) (110.3)
Total Shareholders' Equity 2,308.6 2,232.2
Noncontrolling Interest 14.3 14.4
Total Equity 2,322.9 2,246.6
Total Liabilities and Shareholders' Equity $ 4,165.1 $ 4,244.7