Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2016
Dec. 31, 2015
Oct. 03, 2015
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 437.2 $ 657.3 $ 621.9
Short-term investments in marketable securities 0.8 11.5 32.5
Total cash, cash equivalents and short-term investments in marketable securities 438.0 668.8 654.4
Restricted cash 12.7 12.7 15.6
Accounts and notes receivable, less allowances of $14.2, $13.8 and $15.9 454.6 398.1 400.7
Inventories      
Finished goods 476.3 444.4 444.3
Work-in-process 102.7 88.4 109.8
Raw materials 176.0 152.2 155.7
Net inventories 755.0 685.0 709.8
Prepaid expenses and other 38.5 39.8 35.3
Current assets 1,698.8 1,804.4 1,815.8
Property      
Land 24.3 24.2 23.1
Buildings and improvements 399.1 351.8 341.6
Equipment 948.2 886.8 867.9
Total land, buildings and improvements and equipment 1,371.6 1,262.8 1,232.6
Accumulated depreciation (891.9) (861.4) (844.3)
Net land, buildings and improvements and equipment 479.7 401.4 388.3
Unamortized product tooling costs 117.0 103.8 101.3
Net property 596.7 505.2 489.6
Other assets      
Goodwill 413.0 298.7 298.5
Other intangibles, net 164.1 55.1 49.9
Equity investments 16.3 21.5 19.6
Deferred income tax asset 304.8 420.2 408.9
Other long-term assets 47.5 47.4 44.7
Other assets 945.7 842.9 821.6
Total assets 3,241.2 3,152.5 3,127.0
Current liabilities      
Current maturities of long-term debt 4.2 6.0 4.0
Accounts payable 364.0 339.1 341.0
Accrued expenses 549.5 563.0 518.4
Current liabilities 917.7 908.1 863.4
Long-term liabilities      
Debt 448.0 442.5 449.1
Deferred income tax liability 3.4 12.3 5.5
Postretirement benefits 271.9 347.5 324.7
Other 165.5 160.8 195.2
Long-term liabilities 888.8 963.1 974.5
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 89,835,000, 90,813,000 and 91,168,000 shares 76.9 76.9 76.9
Additional paid-in capital 380.0 408.0 402.9
Retained earnings 1,878.0 1,660.4 1,683.3
Treasury stock, at cost: 12,703,000, 11,725,000 and 11,370,000 shares (440.2) (389.9) (371.2)
Accumulated other comprehensive loss, net of tax (460.0) (474.1) (502.8)
Shareholders' equity 1,434.7 1,281.3 1,289.1
Total liabilities and shareholders' equity $ 3,241.2 $ 3,152.5 $ 3,127.0