XML 50 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and equivalents $ 327.5 $ 551.0
Accounts receivable, net 1,305.1 1,224.5
Inventories 613.1 591.9
Other current assets 161.5 132.7
Deferred income taxes 91.7 66.4
Assets of discontinued operations 734.4 720.1
Total current assets 3,233.3 3,286.6
Property, plant and equipment:    
Land 44.6 48.4
Buildings and leasehold improvements 316.3 302.9
Machinery and equipment 785.9 775.0
Property, plant and equipment, gross 1,146.8 1,126.3
Accumulated depreciation (502.5) (476.3)
Property, plant and equipment, net 644.3 650.0
Goodwill 1,776.4 1,773.7
Intangibles, net 950.8 972.4
Other assets 739.1 709.1
TOTAL ASSETS 7,343.9 7,391.8
Current liabilities:    
Accounts payable 535.1 643.4
Accrued expenses 1,005.8 982.0
Income taxes payable 29.2 26.7
Short-term debt 237.4 71.3
Current maturities of long-term debt 331.6 4.2
Liabilities of discontinued operations 205.0 234.4
Total current liabilities 2,344.1 1,962.0
Long-term debt 1,594.5 1,925.6
Deferred and other income taxes 144.7 131.1
Other long-term liabilities 1,085.3 1,135.8
Total long-term liabilities 2,824.5 3,192.5
Commitments and contingent liabilities (Note 13)      
SPX Corporation shareholders' equity:    
Common stock (99,279,410 and 50,703,300 issued and outstanding at June 30, 2012, respectively, and 98,702,606 and 51,073,419 issued and outstanding at December 31, 2011, respectively) 997.2 993.6
Paid-in capital 1,539.7 1,502.2
Retained earnings 2,523.7 2,488.3
Accumulated other comprehensive loss (312.2) (246.5)
Common stock in treasury (48,576,110 and 47,629,187 shares at June 30, 2012 and December 31, 2011, respectively) (2,583.2) (2,510.3)
Total SPX Corporation shareholders' equity 2,165.2 2,227.3
Noncontrolling interests 10.1 10.0
Total equity 2,175.3 2,237.3
TOTAL LIABILITIES AND EQUITY $ 7,343.9 $ 7,391.8