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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 129.6 $ 278.8
Restricted cash 0.2 15.3
Accounts receivable, less allowances (2015 - $16.9 million; 2014 - $13.7 million) 454.6 475.7
Inventories, net 543.2 585.5
Deferred income taxes 0.0 49.9
Deferred charges and prepaid expenses 22.7 25.2
Other current assets 56.1 51.5
Total Current Assets 1,206.4 1,481.9
Property, Plant and Equipment, Net 777.8 780.5
Other Assets    
Goodwill 327.3 259.5
Non-current pension assets 86.3 176.2
Other intangible assets 271.3 239.8
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 65.9 11.2
Other non-current assets 50.3 52.3
Total Other Assets 801.1 739.0
Total Assets 2,785.3 3,001.4
Current Liabilities    
Short-term debt 62.0 7.4
Long-term Debt, Current Maturities 15.1 0.6
Accounts payable, trade 159.7 143.9
Salaries, wages and benefits 102.3 146.7
Income taxes payable 13.1 80.2
Other current liabilities 153.1 155.0
Total Current Liabilities 505.3 533.8
Non-Current Liabilities    
Long-term debt 580.6 522.1
Accrued pension cost 146.9 165.9
Accrued post-retirement benefits cost 136.1 141.8
Deferred income taxes 3.6 4.1
Other non-current liabilities 68.2 44.6
Total Non-Current Liabilities 935.4 878.5
Shareholders’ Equity    
Class I and II Serial Preferred Stock without par value: Authorized – 10,000,000 shares each class, none issued 0.0 0.0
Common stock without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2015 – 98,375,135 shares; 2014 – 98,375,153 shares) Stated capital 53.1 53.1
Other paid-in capital 905.1 899.4
Earnings invested in the business 1,457.6 1,615.4
Accumulated other comprehensive loss (287.0) (482.5)
Treasury shares at cost (2015 - 18,112,047; 2014 - 9,783,375 shares) (804.3) (509.2)
Total Shareholders’ Equity 1,324.5 1,576.2
Noncontrolling interest 20.1 12.9
Total Equity 1,344.6 1,589.1
Total Liabilities and Equity $ 2,785.3 $ 3,001.4