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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 305.3 $ 257.1
Restricted cash 0.7 0.8
Accounts receivable, less allowances (2022 – $17.5 million; 2021 – $16.9 million) 756.3 626.4
Unbilled receivables 107.3 104.5
Inventories, net 1,158.0 1,042.7
Deferred charges and prepaid expenses 40.5 32.2
Other current assets 112.3 149.8
Total Current Assets 2,480.4 2,213.5
Property, Plant and Equipment, net 1,096.1 1,055.3
Other Assets    
Goodwill 1,015.1 1,022.7
Other intangible assets 648.1 668.8
Operating lease assets 109.1 118.9
Deferred income taxes 64.1 67.6
Other non-current assets 29.6 23.9
Total Other Assets 1,866.0 1,901.9
Total Assets 5,442.5 5,170.7
Current Liabilities    
Accounts payable, trade 397.2 430.0
Short-term debt, including current portion of long-term debt 81.6 53.8
Salaries, wages and benefits 135.4 136.0
Income taxes payable 36.4 26.2
Other current liabilities 269.9 250.6
Total Current Liabilities 920.5 896.6
Non-Current Liabilities    
Long-term debt 1,734.3 1,411.1
Accrued pension benefits 164.0 155.6
Accrued postretirement benefits 44.7 45.8
Long-term operating lease liabilities 70.8 77.6
Deferred income taxes 120.5 121.4
Other non-current liabilities 98.5 84.9
Total Non-Current Liabilities 2,232.8 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 804.1 786.9
Retained earnings 1,793.2 1,616.4
Accumulated other comprehensive loss (155.9) (23.0)
Treasury shares at cost (2022 – 4,085,379 shares; 2021 – 1,715,282 shares) (278.5) (126.1)
Total Shareholders’ Equity 2,203.6 2,294.9
Noncontrolling Interest 85.6 82.8
Total Equity 2,289.2 2,377.7
Total Liabilities and Equity $ 5,442.5 $ 5,170.7