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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 469.9 $ 418.9
Restricted cash 1.1 0.4
Accounts receivable, less allowances (2024 – $15.7 million; 2023 – $17.1 million) 789.8 671.7
Unbilled receivables 148.1 144.5
Inventories, net 1,233.3 1,229.1
Deferred charges and prepaid expenses 45.0 41.5
Other current assets 85.9 128.8
Total Current Assets 2,773.1 2,634.9
Property, Plant and Equipment, net 1,290.2 1,311.9
Other Assets    
Goodwill 1,349.7 1,369.6
Other intangible assets, net 967.7 1,031.4
Operating lease assets 120.1 119.7
Deferred income taxes 47.6 44.3
Other non-current assets 27.5 29.9
Total Other Assets 2,512.6 2,594.9
Total Assets 6,575.9 6,541.7
Current Liabilities    
Accounts payable, trade 369.6 367.2
Short-term debt, including current portion of long-term debt 46.5 605.6
Salaries, wages and benefits 133.8 161.5
Income taxes payable 76.3 19.9
Other current liabilities 314.5 317.1
Total Current Liabilities 940.7 1,471.3
Non-Current Liabilities    
Long-term debt 2,129.9 1,790.3
Accrued pension benefits 160.1 172.3
Accrued postretirement benefits 30.4 30.2
Long-term operating lease liabilities 78.0 78.7
Deferred income taxes 182.1 186.5
Other non-current liabilities 104.6 110.0
Total Non-Current Liabilities 2,685.1 2,368.0
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
Common shares, without par value: Authorized – 200,000,000 shares Issued (including shares in treasury) (2024 – 79,169,579 shares; 2023 – 78,680,164 shares) Stated capital 40.7 40.7
Other paid-in capital 1,255.9 1,076.5
Retained earnings 2,383.5 2,232.2
Accumulated other comprehensive loss (223.5) (146.9)
Treasury shares at cost (2024 – 9,034,863 shares; 2023 – 8,553,272 shares) (659.8) (620.1)
Total Shareholders’ Equity 2,796.8 2,582.4
Noncontrolling Interest 153.3 120.0
Total Equity 2,950.1 2,702.4
Total Liabilities and Equity $ 6,575.9 $ 6,541.7