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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 238.2 $ 384.6
Restricted cash 15.3 15.1
Accounts receivable, less allowances (2014 – $12.5 million; 2013 – $10.1 million) 488.7 444.0
Inventories, net 618.3 582.6
Deferred income taxes 51.9 56.2
Deferred charges and prepaid expenses 20.6 26.8
Other current assets 66.7 61.7
Assets of Disposal Group, Including Discontinued Operation, Current 0 366.5
Total Current Assets 1,499.7 1,937.5
Property, Plant and Equipment, net 833.4 855.8
Other Assets    
Goodwill 260.6 346.1
Non-current pension assets 259.7 223.5
Other intangible assets 188.4 207.4
Deferred income taxes 7.4 8.3
Other non-current assets 57.5 50.1
Disposal Group, Including Discontinued Operation, Other Assets, Current 0 849.2
Total Other Assets 773.6 1,684.6
Total Assets 3,106.7 4,477.9
Current Liabilities    
Short-term debt 8.7 18.6
Accounts payable, trade 185.3 139.9
Salaries, wages and benefits 156.4 131.1
Income taxes payable 67.1 106.7
Deferred income taxes 7.3 7.6
Other current liabilities 136.6 173.2
Current portion of long-term debt 0.7 250.7
Liabilities of Disposal Group, Including Discontinued Operation, Current 0 152.3
Total Current Liabilities 562.1 980.1
Non-Current Liabilities    
Long-term debt 522.0 176.4
Accrued pension cost 133.6 159.0
Accrued postretirement benefits cost 123.9 138.3
Deferred income taxes 77.6 82.9
Other non-current liabilities 43.6 55.9
Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent 0 236.7
Total Non-Current Liabilities 900.7 849.2
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 895.6 896.4
Earnings invested in the business 1,594.8 2,586.4
Accumulated other comprehensive loss (408.5) (626.1)
Treasury shares at cost (2014 - 9,688,461 shares; 2013 - 5,252,441 shares) (505.1) (273.2)
Total Shareholders' Equity 1,629.9 2,636.6
Noncontrolling Interest 14.0 12.0
Total Equity 1,643.9 2,648.6
Total Liabilities and Shareholders' Equity $ 3,106.7 $ 4,477.9