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Consolidated Balance Sheets
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Current Assets      
Cash and cash equivalents $ 166.8 $ 166.8 $ 132.5
Restricted cash 0.6 0.6 0.6
Accounts receivable, less allowances (2019 – $19.7 million; 2018 – $21.9 million) 589.9 589.9 546.6
Unbilled Receivables, Asset, Net 153.3 153.3 116.6
Inventories, net 843.8 843.8 835.7
Net Income (Loss) Attributable to Parent 92.5 184.4  
Deferred charges and prepaid expenses 29.3 29.3 28.2
Other current assets 83.0 83.0 77.0
Total Current Assets 1,866.7 1,866.7 1,737.2
Property, Plant and Equipment, net 912.0 912.0 912.1
Operating Lease, Right-of-Use Asset 117.3 117.3 0.0
Other Assets      
Goodwill 969.4 969.4 960.5
Non-current pension assets 10.9 10.9 6.2
Other intangible assets 731.5 731.5 733.2
Deferred income taxes 49.4 49.4 59.0
Other Assets, Noncurrent 17.0 17.0 37.0
Total Other Assets 1,778.2 1,778.2 1,795.9
Total Assets 4,674.2 4,674.2 4,445.2
Current Liabilities      
Short-term debt 37.3 37.3 33.6
Current portion of long-term debt 9.0 9.0 9.4
Operating Lease, Liability, Current 29.5 29.5 0.0
Accounts payable, trade 291.6 291.6 273.2
Salaries, wages and benefits 134.3 134.3 174.9
Income taxes payable 26.4 26.4 23.5
Other current liabilities 168.2 168.2 171.0
Total Current Liabilities 696.3 696.3 685.6
Non-Current Liabilities      
Long-term debt 1,642.6 1,642.6 1,638.6
Accrued pension cost 162.6 162.6 161.3
Accrued postretirement benefits cost 109.3 109.3 108.7
Operating Lease, Liability, Noncurrent 73.0 73.0 0.0
Deferred income taxes 128.7 128.7 138.0
Other non-current liabilities 78.1 78.1 70.3
Total Non-Current Liabilities 2,194.3 2,194.3 2,116.9
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 0.0
Common Stock, Value, Outstanding 53.1 53.1 53.1
Other paid-in capital 941.3 941.3 951.9
Earnings invested in the business 1,772.0 1,772.0 1,630.2
Accumulated other comprehensive loss (97.5) (97.5) (95.3)
Treasury shares at cost (2018 - 19,152,333 shares; 2017 - 20,672,133 shares) 957.6 957.6 960.3
Total Shareholders' Equity 1,711.3 1,711.3 1,579.6
Noncontrolling Interest 72.3 72.3 63.1
Total Equity 1,783.6 1,783.6 1,642.7
Total Liabilities and Shareholders' Equity $ 4,674.2 $ 4,674.2 $ 4,445.2