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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 156.0 $ 129.6
Restricted cash 0.2 0.2
Accounts receivable, less allowances (2016 – $18.7 million; 2015 – $16.9 million) 452.3 454.6
Inventories, net 555.4 543.2
Deferred charges and prepaid expenses 20.7 22.7
Other current assets 52.5 56.1
Total Current Assets 1,237.1 1,206.4
Property, Plant and Equipment, net 772.5 777.8
Other Assets    
Goodwill 328.7 327.3
Non-current pension assets 85.6 86.3
Other intangible assets 258.0 271.3
Deferred income taxes 62.0 65.9
Other Assets, Noncurrent 50.5 49.1
Total Other Assets 784.8 799.9
Total Assets 2,794.4 2,784.1
Current Liabilities    
Short-term debt 13.4 62.0
Current portion of long-term debt 15.0 15.1
Accounts payable, trade 172.9 159.7
Salaries, wages and benefits 92.3 102.3
Income taxes payable 34.4 13.1
Other current liabilities 147.0 153.1
Total Current Liabilities 475.0 505.3
Non-Current Liabilities    
Long-term debt 604.2 579.4
Accrued pension cost 147.6 146.9
Accrued postretirement benefits cost 132.6 136.1
Deferred income taxes 3.5 3.6
Other non-current liabilities 72.3 68.2
Total Non-Current Liabilities 960.2 934.2
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, Value, Issued 53.1 53.1
Other paid-in capital 901.8 905.1
Earnings invested in the business 1,524.4 1,457.6
Accumulated other comprehensive loss (281.5) (287.0)
Treasury shares at cost (2016 - 19,152,333 shares; 2015 - 18,112,047 shares) (864.4) (804.3)
Total Shareholders' Equity 1,333.4 1,324.5
Noncontrolling Interest 25.8 20.1
Total Equity 1,359.2 1,344.6
Total Liabilities and Shareholders' Equity $ 2,794.4 $ 2,784.1