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Balance Sheet Information (Tables) | 12 Months Ended
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Dec. 31, 2015
Balance Sheet Related Disclosures [Abstract] |
Balance sheet information |
| December 31,
(millions of dollars) | 2015 |  | 2014
Receivables, net: |  |  |  |  |
Customers | $ | 1,423.6 |  |  | $ | 1,200.6 |
Other | 243.3 |  |  | 245.2 |
Gross receivables | 1,666.9 |  |  | 1,445.8 |
Bad debt allowance(a) | (1.9 | ) |  | (2.3 | )
Total receivables, net | $ | 1,665.0 |  |  | $ | 1,443.5 |
Inventories, net: |  |  |  |  |
Raw material and supplies | $ | 412.9 |  |  | $ | 319.5 |
Work in progress | 102.5 |  |  | 89.0 |
Finished goods | 222.4 |  |  | 115.5 |
FIFO inventories | 737.8 |  |  | 524.0 |
LIFO reserve | (14.2 | ) |  | (18.3 | )
Total inventories, net | $ | 723.6 |  |  | $ | 505.7 |
Prepayments and other current assets: |  |  |  |  |
Prepaid tooling | $ | 98.5 |  |  | $ | 72.5 |
Restricted cash | 12.3 |  |  | — |
Prepaid taxes | 11.9 |  |  | 17.2 |
Other | 46.3 |  |  | 40.5 |
Total prepayments and other current assets | $ | 169.0 |  |  | $ | 130.2 |
Property, plant and equipment, net: |  |  |  |  |
Land and land use rights | $ | 118.2 |  |  | $ | 107.0 |
Buildings | 661.7 |  |  | 677.8 |
Machinery and equipment | 2,154.3 |  |  | 1,940.3 |
Capital leases | 7.2 |  |  | 8.4 |
Construction in progress | 386.4 |  |  | 310.4 |
Property, plant and equipment, gross | 3,327.8 |  |  | 3,043.9 |
Accumulated depreciation | (1,036.8 | ) |  | (1,076.8 | )
Property, plant & equipment, net, excluding tooling | 2,291.0 |  |  | 1,967.1 |
Tooling, net of amortization | 157.1 |  |  | 126.8 |
Property, plant & equipment, net | $ | 2,448.1 |  |  | $ | 2,093.9 |
Investments and other long-term receivables: |  |  |  |  |
Investment in equity affiliates | $ | 200.1 |  |  | $ | 184.2 |
Other long-term receivables | 260.8 |  |  | 219.1 |
Total investments and other long-term receivables | $ | 460.9 |  |  | $ | 403.3 |
Other non-current assets: |  |  |  |  |
Deferred income taxes | $ | 213.5 |  |  | $ | 180.5 |
Product liability insurance asset | 108.5 |  |  | 111.8 |
Other | 173.7 |  |  | 110.9 |
Total other non-current assets | $ | 495.7 |  |  | $ | 403.2 |
| December 31,
(millions of dollars) | 2015 |  | 2014
Accounts payable and accrued expenses: |  |  |  |  |
Trade payables | $ | 1,225.6 |  |  | $ | 979.2 |
Payroll and employee related | 201.1 |  |  | 199.5 |
Product warranties | 70.6 |  |  | 91.9 |
Customer related | 55.7 |  |  | 58.1 |
Product liability | 47.7 |  |  | 47.4 |
Unrecognized tax benefits | 45.5 |  |  | — |
Severance | 29.4 |  |  | 43.9 |
Interest | 20.4 |  |  | 12.0 |
Retirement related | 20.1 |  |  | 20.0 |
Dividends payable to noncontrolling shareholders | 20.0 |  |  | 15.9 |
Derivatives | 19.1 |  |  | 2.4 |
Other | 111.2 |  |  | 60.0 |
Total accounts payable and accrued expenses | $ | 1,866.4 |  |  | $ | 1,530.3 |
Other non-current liabilities: |  |  |  |  |
Deferred income taxes | $ | 120.1 |  |  | $ | 46.8 |
Product liability | 60.8 |  |  | 64.4 |
Product warranties | 37.3 |  |  | 40.1 |
Deferred revenue | 36.6 |  |  | 37.8 |
Other | 160.4 |  |  | 136.9 |
Total other non-current liabilities | $ | 415.2 |  |  | $ | 326.0 |
(a) Bad debt allowance: | 2015 |  | 2014 |  | 2013
Beginning balance, January 1 | $ | (2.3 | ) |  | $ | (2.1 | ) |  | $ | (2.1 | )
Provision | (0.5 | ) |  | (0.6 | ) |  | (0.3 | )
Write-offs | 0.7 |  |  | 0.3 |  |  | 0.4 |
Translation adjustment and other | 0.2 |  |  | 0.1 |  |  | (0.1 | )
Ending balance, December 31 | $ | (1.9 | ) |  | $ | (2.3 | ) |  | $ | (2.1 | )
Summarized financial data for NSK-Warner |
| November 30, |  |
(millions of dollars) | 2015 |  | 2014 |  |
Balance sheets: |  |  |  |  |  |  |  |
Cash and securities | $ | 74.9 |  |  | $ | 65.6 |  |  |
Current assets, including cash and securities | 231.9 |  |  | 237.2 |  |  |
Non-current assets | 167.5 |  |  | 144.3 |  |  |
Current liabilities | 119.1 |  |  | 128.1 |  |  |
Non-current liabilities | 39.3 |  |  | 37.7 |  |  |
Total equity | 241.0 |  |  | 215.7 |  |  |
| Year Ended November 30,
(millions of dollars) | 2015 |  | 2014 |  | 2013
Statements of operations: |  |  |  |  |  |  |  |
Net sales | $ | 519.0 |  |  | $ | 546.4 |  |  | $ | 604.0 |
Gross profit | 118.6 |  |  | 124.5 |  |  | 126.6 |
Net earnings | 73.3 |  |  | 80.3 |  |  | 68.3 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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