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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 320.3 $ 209.5
Restricted cash 0.8 6.7
Accounts receivable, less allowances: (2020 - $16.5 million; 2019 - $18.1 million) 581.1 545.1
Unbilled receivables 110.9 129.2
Inventories, net 841.3 842.0
Deferred charges and prepaid expenses 39.9 36.7
Other current assets 106.0 105.4
Total Current Assets 2,000.3 1,874.6
Property, Plant and Equipment, Net 1,035.6 989.2
Other Assets    
Goodwill 1,047.6 993.7
Other intangible assets, net 741.4 758.5
Operating lease expense 118.2 114.1
Non-current pension assets 2.0 3.4
Non-current other postretirement benefit assets 0.0 36.6
Deferred income taxes 77.0 71.8
Other Assets, Miscellaneous, Noncurrent 19.5 18.0
Other Assets, Noncurrent, Total 2,005.7 1,996.1
Total Assets 5,041.6 4,859.9
Current Liabilities    
Short-term debt 119.8 17.3
Current portion of long-term debt 10.9 64.7
Short-term operating lease liabilities 27.2 28.3
Accounts payable, trade 351.4 301.7
Salaries, wages and benefits 135.7 134.5
Income taxes payable 16.1 17.8
Other current liabilities 186.9 172.3
Total Current Liabilities 848.0 736.6
Non-Current Liabilities    
Long-term debt 1,433.9 1,648.1
Accrued pension benefits 163.0 165.1
Accrued postretirement benefits 41.3 31.8
Long-term operating lease liabilities 75.5 71.3
Deferred income taxes 148.7 168.2
Other non-current liabilities 106.0 84.0
Total Non-Current Liabilities 1,968.4 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
Stated capital 40.7 53.1
Other paid-in capital 740.7 937.6
Retained earnings 1,339.5 1,907.4
Accumulated other comprehensive loss 41.3 (50.1)
Treasury shares at cost (2020 – 158,836 shares; 2019 – 22,836,180 shares) (9.3) (979.8)
Total Shareholders’ Equity 2,152.9 1,868.2
Noncontrolling interest 72.3 86.6
Total Equity 2,225.2 1,954.8
Total Liabilities and Equity $ 5,041.6 $ 4,859.9