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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 121.6 $ 148.8
Restricted cash 3.8 2.7
Accounts receivable, less allowances (2017 - $20.3 million; 2016 - $20.2 million) 524.9 438.0
Inventories, net 738.9 553.7
Deferred charges and prepaid expenses 29.7 20.3
Other current assets 81.2 48.4
Total Current Assets 1,500.1 1,211.9
Property, Plant and Equipment, Net 864.2 804.4
Other Assets    
Goodwill 511.8 357.5
Intangible Assets, Net (Excluding Goodwill) 420.6 271.0
Non-current pension assets 19.7 32.1
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 61.0 51.4
Other non-current assets 25.0 34.9
Total Other Assets 1,038.1 746.9
Total Assets 3,402.4 2,763.2
Current Liabilities    
Short-term debt 105.4 19.2
Long-term Debt, Current Maturities 2.7 5.0
Accounts payable, trade 265.2 176.2
Salaries, wages and benefits 127.9 85.9
Income taxes payable 9.8 16.9
Other current liabilities 160.7 149.5
Total Current Liabilities 671.7 452.7
Non-Current Liabilities    
Long-term debt 854.2 635.0
Accrued pension cost 167.3 154.7
Accrued postretirement benefits cost 122.6 131.5
Deferred income taxes 44.0 3.9
Other non-current liabilities 67.7 74.5
Total Non-Current Liabilities 1,255.8 999.6
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, Outstanding 53.1 53.1
Other paid-in capital 903.8 906.9
Earnings invested in the business 1,408.4 1,289.3
Accumulated other comprehensive loss (38.3) (77.9)
Treasury shares at cost (2017 - 20,672,133; 2016 - 20,925,492 shares) (884.3) (891.7)
Total Shareholders’ Equity 1,442.7 1,279.7
Noncontrolling interest 32.2 31.2
Total Equity 1,474.9 1,310.9
Total Liabilities and Equity $ 3,402.4 $ 2,763.2