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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 209.5 $ 132.5
Restricted cash 6.7 0.6
Accounts receivable, less allowances: (2019 - $18.1 million; 2018 - $21.9 million) 545.1 546.6
Contract with Customer, Asset, after Allowance for Credit Loss 129.2 116.6
Inventories, net 842.0 835.7
Deferred charges and prepaid expenses 36.7 28.2
Other current assets 105.4 77.0
Total Current Assets 1,874.6 1,737.2
Property, Plant and Equipment, Net 989.2 912.1
Operating Lease, Right-of-Use Asset 114.1 0.0
Other Assets    
Goodwill 993.7 960.5
Intangible Assets, Net (Excluding Goodwill) 758.5 733.2
Non-current pension assets 3.4 6.2
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position 36.6 0.0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 71.8 59.0
Other non-current assets 18.0 37.0
Total Other Assets 1,882.0 1,795.9
Total Assets 4,859.9 4,445.2
Current Liabilities    
Short-term debt 17.3 33.6
Long-term Debt, Current Maturities 64.7 9.4
Operating Lease, Liability, Current 28.3 0.0
Accounts payable, trade 301.7 273.2
Salaries, wages and benefits 134.5 174.9
Income taxes payable 17.8 23.5
Other current liabilities 172.3 171.0
Total Current Liabilities 736.6 685.6
Non-Current Liabilities    
Long-term debt 1,648.1 1,638.6
Accrued pension benefits 165.1 161.3
Accrued postretirement benefits 31.8 108.7
Operating Lease, Liability, Noncurrent 71.3 0.0
Deferred income taxes 168.2 138.0
Other non-current liabilities 84.0 70.3
Total Non-Current Liabilities 2,168.5 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
Common Stock, Value, Outstanding 53.1 53.1
Other paid-in capital 937.6 951.9
Earnings invested in the business 1,907.4 1,630.2
Accumulated other comprehensive loss (50.1) (95.3)
Treasury shares at cost (2019 – 22,836,180 shares; 2018 – 22,421,213 shares) (979.8) (960.3)
Total Shareholders’ Equity 1,868.2 1,579.6
Noncontrolling interest 86.6 63.1
Total Equity 1,954.8 1,642.7
Total Liabilities and Equity $ 4,859.9 $ 4,445.2