XML 26 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 373.2 $ 418.9
Restricted cash 0.4 0.4
Accounts receivable, less allowances: (2024 - $21.5 million; 2023 - $17.1 million) 664.6 671.7
Unbilled receivables 140.8 144.5
Inventories, net 1,195.6 1,229.1
Deferred charges and prepaid expenses 39.5 41.5
Other current assets 102.8 128.8
Total Current Assets 2,516.9 2,634.9
Property, Plant and Equipment, Net 1,306.9 1,311.9
Other Assets    
Goodwill 1,383.3 1,369.6
Other intangible assets, net 1,006.5 1,031.4
Operating lease assets 130.6 119.7
Deferred income taxes 41.0 44.3
Other non-current assets 25.8 29.9
Total Other Assets 2,587.2 2,594.9
Total Assets 6,411.0 6,541.7
Current Liabilities    
Accounts payable, trade 321.7 367.2
Short-term debt, including current portion of long-term debt 13.0 605.6
Salaries, wages and benefits 142.2 161.5
Income taxes payable 24.4 19.9
Other current liabilities 319.2 317.1
Total Current Liabilities 820.5 1,471.3
Non-Current Liabilities    
Long-term debt 2,049.7 1,790.3
Accrued pension benefits 157.7 172.3
Accrued postretirement benefits 29.8 30.2
Long-term operating lease liabilities 84.0 78.7
Deferred income taxes 175.0 186.5
Other non-current liabilities 110.2 110.0
Total Non-Current Liabilities 2,606.4 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 stock without par value: Authorized - 200,000,000 shares Issued (including shares in treasury) (2024 – 79,173,667 shares; 2023 – 78,680,164 shares) Stated capital 40.7 40.7
Other paid-in capital 1,269.3 1,076.5
Retained earnings 2,488.8 2,232.2
Accumulated other comprehensive loss (301.7) (146.9)
Treasury shares at cost (2024 – 9,174,863 shares; 2023 – 8,553,272 shares) (670.6) (620.1)
Total Shareholders’ Equity 2,826.5 2,582.4
Noncontrolling interest 157.6 120.0
Total Equity 2,984.1 2,702.4
Total Liabilities and Equity $ 6,411.0 $ 6,541.7