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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 344.3 $ 331.6
Restricted cash 8.0 9.1
Accounts receivable, less allowances (2023 – $17.9 million; 2022 – $17.9 million) 811.9 699.6
Unbilled receivables 121.8 103.9
Inventories, net 1,251.7 1,191.3
Deferred charges and prepaid expenses 45.4 44.4
Other current assets 127.7 124.1
Total Current Assets 2,710.8 2,504.0
Property, Plant and Equipment, net 1,255.5 1,207.4
Other Assets    
Goodwill 1,198.4 1,098.3
Other intangible assets 876.1 765.3
Operating lease assets 111.9 101.4
Deferred income taxes 70.3 71.0
Other non-current assets 28.3 25.0
Total Other Assets 2,285.0 2,061.0
Total Assets 6,251.3 5,772.4
Current Liabilities    
Accounts payable, trade 392.2 403.9
Short-term debt, including current portion of long-term debt 53.2 49.0
Salaries, wages and benefits 135.2 155.3
Income taxes payable 77.8 51.3
Other current liabilities 364.0 352.9
Total Current Liabilities 1,022.4 1,012.4
Non-Current Liabilities    
Long-term debt 2,046.5 1,914.2
Accrued pension benefits 161.3 160.3
Accrued postretirement benefits 31.5 31.4
Long-term operating lease liabilities 70.3 65.2
Deferred income taxes 167.3 139.8
Other non-current liabilities 102.0 96.2
Total Non-Current Liabilities 2,578.9 2,407.1
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 40.7
Other paid-in capital 1,058.4 829.6
Retained earnings 2,132.2 1,932.1
Accumulated other comprehensive loss (178.2) (181.9)
Treasury shares at cost (2023 – 7,304,483 shares; 2022 – 5,188,257 shares) (521.8) (352.2)
Total Shareholders’ Equity 2,531.3 2,268.3
Noncontrolling Interest 118.7 84.6
Total Equity 2,650.0 2,352.9
Total Liabilities and Equity $ 6,251.3 $ 5,772.4