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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 344.7 $ 364.4
Restricted cash 0.8 1.0
Accounts receivable, less allowances (2026 - $14.1 million; 2025 - $12.3 million) 808.9 689.4
Unbilled receivables 155.7 137.6
Inventories, net 1,273.8 1,243.3
Deferred charges and prepaid expenses 58.2 45.7
Other current assets 112.9 119.4
Total Current Assets 2,755.0 2,600.8
Property, Plant and Equipment, net 1,342.5 1,357.6
Other Assets    
Goodwill 1,526.2 1,486.4
Other intangible assets, net 1,026.1 1,002.3
Operating lease assets 151.2 152.9
Deferred income taxes 57.3 53.2
Other non-current assets 23.2 23.6
Total Other Assets 2,784.0 2,718.4
Total Assets 6,881.5 6,676.8
Current Liabilities    
Accounts payable, trade 380.3 353.2
Short-term debt, including current portion of long-term debt 42.9 38.9
Salaries, wages and benefits 148.2 157.5
Income taxes payable 41.6 31.4
Other current liabilities 343.9 341.1
Total Current Liabilities 956.9 922.1
Non-Current Liabilities    
Long-term debt 2,027.2 1,883.1
Accrued pension benefits 140.8 148.9
Accrued postretirement benefits 30.6 29.3
Long-term operating lease liabilities 99.4 100.8
Deferred income taxes 160.3 146.7
Other non-current liabilities 98.4 100.2
Total Non-Current Liabilities 2,556.7 2,409.0
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) (2026 – 79,932,693 shares; 2025 – 79,611,543 shares) Stated capital 40.7 40.7
Other paid-in capital 1,310.0 1,299.5
Retained earnings 2,751.8 2,678.9
Accumulated other comprehensive loss (119.6) (96.5)
Treasury shares at cost (2026 – 10,443,289 shares; 2025 – 10,076,175 shares) (775.2) (738.0)
Total Shareholders’ Equity 3,207.7 3,184.6
Noncontrolling Interest 160.2 161.1
Total Equity 3,367.9 3,345.7
Total Liabilities and Equity $ 6,881.5 $ 6,676.8