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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 424.5 $ 257.1
Restricted cash 0.7 0.8
Accounts receivable, less allowances (2022 – $17.5 million; 2021 – $16.9 million) 743.9 626.4
Unbilled receivables 88.5 104.5
Inventories, net 1,112.6 1,042.7
Deferred charges and prepaid expenses 41.0 32.2
Other current assets 137.1 149.8
Total Current Assets 2,548.3 2,213.5
Property, Plant and Equipment, net 1,039.9 1,055.3
Other Assets    
Goodwill 1,010.4 1,022.7
Other intangible assets 648.6 668.8
Operating lease assets 116.7 118.9
Deferred income taxes 65.2 67.6
Other non-current assets 29.4 23.9
Total Other Assets 1,870.3 1,901.9
Total Assets 5,458.5 5,170.7
Current Liabilities    
Accounts payable, trade 416.1 430.0
Short-term debt, including current portion of long-term debt 41.0 53.8
Salaries, wages and benefits 118.3 136.0
Income taxes payable 30.0 26.2
Other current liabilities 260.8 250.6
Total Current Liabilities 866.2 896.6
Non-Current Liabilities    
Long-term debt 1,747.2 1,411.1
Accrued pension benefits 156.5 155.6
Accrued postretirement benefits 45.3 45.8
Long-term operating lease liabilities 76.5 77.6
Deferred income taxes 121.9 121.4
Other non-current liabilities 89.9 84.9
Total Non-Current Liabilities 2,237.3 1,896.4
Shareholders’ Equity    
Class I and II Serial Preferred Stock, without par value: Authorized – shares each class, none issued 0.0 0.0
Stated capital 40.7 40.7
Other paid-in capital 795.4 786.9
Retained earnings 1,711.1 1,616.4
Accumulated other comprehensive loss (42.5) (23.0)
Treasury shares at cost (2022 – 3,326,669 shares; 2021 – 1,715,282 shares) (233.6) (126.1)
Total Shareholders’ Equity 2,271.1 2,294.9
Noncontrolling Interest 83.9 82.8
Total Equity 2,355.0 2,377.7
Total Liabilities and Equity $ 5,458.5 $ 5,170.7