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OTHER CURRENT AND NON-CURRENT ASSETS
9 Months Ended
Sep. 30, 2012
OTHER CURRENT AND NON-CURRENT ASSETS

NOTE 9

OTHER CURRENT AND NON-CURRENT ASSETS

 

     

September 30,

2012

     December 31,
2011
 

Asbestos-related current assets

   $ 94.2       $ 132.9   

Prepaid income taxes and income tax receivable

     53.6         204.8   

Current deferred income taxes

     36.0         24.8   

Other

     41.8         59.3   

Other current assets

   $ 225.6       $ 421.8   

Other employee benefit-related assets

   $ 85.3       $ 79.2   

Capitalized software costs

     11.7         13.3   

Deferred income tax

     11.5         45.4   

Other

     39.2         28.3   

Other non-current assets

   $ 147.7       $ 166.2   

During the nine months ended September 30, 2012, we received income tax refunds totaling $155.4, including $122.6 from the IRS for income taxes previously paid and $32.8 for net operating losses and research and development tax credits generated during 2011 carried back to prior tax years.