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Consolidated Balance Sheets
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Current Assets      
Cash and cash equivalents $ 181.4 $ 181.4 $ 132.5
Restricted cash 0.5 0.5 0.6
Accounts receivable, less allowances (2019 – $19.7 million; 2018 – $21.9 million) 548.3 548.3 546.6
Unbilled Receivables, Asset, Net 151.6 151.6 116.6
Inventories, net 805.3 805.3 835.7
Net Income (Loss) Attributable to Parent 64.2 248.6  
Deferred charges and prepaid expenses 30.1 30.1 28.2
Other current assets 90.2 90.2 77.0
Total Current Assets 1,807.4 1,807.4 1,737.2
Property, Plant and Equipment, net 906.8 906.8 912.1
Operating Lease, Right-of-Use Asset 115.0 115.0 0.0
Other Assets      
Goodwill 954.7 954.7 960.5
Other intangible assets 702.8 702.8 733.2
Non-current pension assets 11.8 11.8 6.2
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position 23.5 23.5 0.0
Deferred income taxes 27.3 27.3 59.0
Other Assets, Noncurrent 16.0 16.0 37.0
Total Other Assets 1,736.1 1,736.1 1,795.9
Total Assets 4,565.3 4,565.3 4,445.2
Current Liabilities      
Short-term debt 34.8 34.8 33.6
Current portion of long-term debt 61.8 61.8 9.4
Operating Lease, Liability, Current 28.0 28.0 0.0
Accounts payable, trade 265.2 265.2 273.2
Salaries, wages and benefits 116.9 116.9 174.9
Income taxes payable 23.2 23.2 23.5
Other current liabilities 174.7 174.7 171.0
Total Current Liabilities 704.6 704.6 685.6
Non-Current Liabilities      
Long-term debt 1,553.5 1,553.5 1,638.6
Accrued pension cost 167.8 167.8 161.3
Accrued postretirement benefits cost 36.9 36.9 108.7
Operating Lease, Liability, Noncurrent 72.3 72.3 0.0
Deferred income taxes 131.7 131.7 138.0
Other non-current liabilities 81.0 81.0 70.3
Total Non-Current Liabilities 2,043.2 2,043.2 2,116.9
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 0.0
Common Stock, Value, Outstanding 53.1 53.1 53.1
Other paid-in capital 945.5 945.5 951.9
Earnings invested in the business 1,815.0 1,815.0 1,630.2
Accumulated other comprehensive loss (80.1) (80.1) (95.3)
Treasury shares at cost (2018 - 19,152,333 shares; 2017 - 20,672,133 shares) 988.7 988.7 960.3
Total Shareholders' Equity 1,744.8 1,744.8 1,579.6
Noncontrolling Interest 72.7 72.7 63.1
Total Equity 1,817.5 1,817.5 1,642.7
Total Liabilities and Shareholders' Equity $ 4,565.3 $ 4,565.3 $ 4,445.2