Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 04, 2015
Dec. 31, 2014
Jun. 28, 2014
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 582.9 $ 552.7 $ 334.2
Short-term investments in marketable securities 25.8 83.2 0.8
Total cash, cash equivalents and short-term investments in marketable securities 608.7 635.9 335.0
Restricted cash 15.6 15.6 18.6
Accounts and notes receivable, less allowances of $16.3, $16.3 and $17.3 446.8 386.5 451.4
Inventories      
Finished goods 427.3 434.9 417.0
Work-in-process 96.7 82.1 80.7
Raw materials 146.0 135.3 148.4
Net inventories 670.0 652.3 646.1
Deferred income taxes 206.3 208.0 138.0
Prepaid expenses and other 31.6 39.5 30.2
Current assets held for sale 0.0 30.0 40.0
Current assets 1,979.0 1,967.8 1,659.3
Property      
Land 23.6 23.6 24.5
Buildings and improvements 338.7 335.6 329.0
Equipment 864.0 847.2 852.1
Total land, buildings and improvements and equipment 1,226.3 1,206.4 1,205.6
Accumulated depreciation (847.8) (844.1) (861.5)
Net land, buildings and improvements and equipment 378.5 362.3 344.1
Unamortized product tooling costs 98.4 98.0 94.7
Net property 476.9 460.3 438.8
Other assets      
Goodwill 296.3 296.9 297.4
Other intangibles, net 45.1 45.5 47.0
Equity investments 25.9 19.0 42.2
Non-current deferred tax asset 235.3 290.9 312.2
Other long-term assets 41.8 37.5 35.1
Long-term assets held for sale 0.0 12.6 198.8
Other assets 644.4 702.4 932.7
Total assets 3,100.3 3,130.5 3,030.8
Current liabilities      
Short-term debt, including current maturities of long-term debt 4.5 5.5 5.0
Accounts payable 338.2 317.4 345.7
Accrued expenses 520.5 561.5 489.8
Current liabilities held for sale 0.0 15.7 43.3
Current liabilities 863.2 900.1 883.8
Long-term liabilities      
Debt 445.6 446.3 448.9
Deferred income taxes 3.6 3.2 0.0
Postretirement benefits 327.8 398.2 317.9
Other 196.6 203.0 184.4
Long-term liabilities held for sale 0.0 8.2 9.1
Long-term liabilities 973.6 1,058.9 960.3
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 91,934,000, 92,694,000 and 92,749,000 shares 76.9 76.9 76.9
Additional paid-in capital 398.1 395.0 396.7
Retained earnings 1,619.0 1,467.3 1,390.3
Treasury stock, at cost: 10,604,000, 9,844,000 and 9,789,000 shares (332.6) (287.2) (280.6)
Accumulated other comprehensive loss, net of tax (497.9) (480.5) (396.6)
Shareholders' equity 1,263.5 1,171.5 1,186.7
Total liabilities and shareholders' equity $ 3,100.3 $ 3,130.5 $ 3,030.8