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Consolidated Balance Sheets
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
shares
Sep. 30, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
shares
Current Assets      
Cash and cash equivalents $ 313.1 $ 313.1 $ 209.5
Restricted cash 0.9 0.9 6.7
Accounts receivable, less allowances (2020 – $17.1 million; 2019 – $18.1 million) 571.5 571.5 545.1
Unbilled Receivables, Asset, Net 141.1 141.1 129.2
Inventories, net 789.9 789.9 842.0
Net Income (Loss) Attributable to Parent 88.8 231.4  
Deferred charges and prepaid expenses 32.7 32.7 36.7
Other current assets 115.3 115.3 105.4
Total Current Assets 1,964.5 1,964.5 1,874.6
Property, Plant and Equipment, net 980.2 980.2 989.2
Operating Lease, Right-of-Use Asset 105.4 105.4 114.1
Assets for Plan Benefits, Defined Benefit Plan 9.0 9.0 3.4
Other Assets, Miscellaneous, Noncurrent 0.0 0.0 36.6
Other Assets      
Goodwill 1,021.1 1,021.1 993.7
Other intangible assets 737.2 737.2 758.5
Deferred Income Tax Assets, Net 72.9 72.9 71.8
Other Assets, Noncurrent 18.8 18.8 18.0
Total Assets 4,909.1 4,909.1 4,859.9
Current Liabilities      
Short-term debt 64.8 64.8 17.3
Current portion of long-term debt 10.8 10.8 64.7
Operating Lease, Liability, Current 26.6 26.6 28.3
Accounts payable, trade 306.7 306.7 301.7
Salaries, wages and benefits 116.7 116.7 134.5
Income taxes payable 23.3 23.3 17.8
Other current liabilities 191.5 191.5 172.3
Total Current Liabilities 740.4 740.4 736.6
Non-Current Liabilities      
Long-term debt 1,533.0 1,533.0 1,648.1
Accrued pension cost 161.5 161.5 165.1
Accrued postretirement benefits cost 44.8 44.8 31.8
Operating Lease, Liability, Noncurrent 66.0 66.0 71.3
Deferred Income Tax Liabilities, Net 162.3 162.3 168.2
Other non-current liabilities 102.1 102.1 84.0
Total Non-Current Liabilities 2,069.7 2,069.7 2,168.5
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 0.0
Common Stock, Value, Outstanding 53.1 53.1 53.1
Other paid-in capital 930.6 930.6 937.6
Earnings invested in the business 2,073.4 2,073.4 1,907.4
Accumulated other comprehensive loss (39.3) (39.3) (50.1)
Treasury shares at cost (2018 - 19,152,333 shares; 2017 - 20,672,133 shares) 989.7 989.7 979.8
Total Shareholders' Equity 2,028.1 2,028.1 1,868.2
Noncontrolling Interest 70.9 70.9 86.6
Total Equity 2,099.0 2,099.0 1,954.8
Total Liabilities and Shareholders' Equity 4,909.1 4,909.1 4,859.9
Operating Lease, Right-of-Use Asset 105.4 105.4 114.1
Operating Lease, Liability, Current 26.6 26.6 28.3
Operating Lease, Liability, Noncurrent 66.0 66.0 71.3
Allowances for accounts receivable $ 17.1 $ 17.1 $ 18.1
Company common shares shares authorized | shares 200,000,000 200,000,000 200,000,000
Common shares, shares issued | shares 98,375,135 98,375,135 98,375,135
Treasury shares | shares 23,018,947 23,018,947 22,836,180
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit $ 1,964.4 $ 1,964.4 $ 1,996.1
Preferred Class A [Member]      
Preferred Stock, Shares Authorized | shares 10,000,000 10,000,000 10,000,000
Preferred Class B [Member]      
Preferred Stock, Shares Authorized | shares 10,000,000 10,000,000 10,000,000