Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 29, 2014
Dec. 31, 2013
Mar. 30, 2013
Current assets      
Cash and cash equivalents, at cost, which approximates market $ 226.0 $ 356.5 $ 242.0
Short-term investments in marketable securities 0.8 12.7 34.7
Total cash, cash equivalents and short-term investments in marketable securities 226.8 369.2 276.7
Restricted cash 8.9 6.5 13.0
Accounts and notes receivable, less allowances of $22.3, $22.0 and $25.4 476.4 364.6 471.7
Inventories      
Finished goods 426.2 379.9 369.2
Work-in-process 162.9 146.1 160.4
Raw materials 91.0 73.3 75.2
Net inventories 680.1 599.3 604.8
Deferred income taxes 137.6 137.6 18.7
Prepaid expenses and other 30.0 31.4 26.5
Current assets held for sale 0 0 0
Current assets 1,559.8 1,508.6 1,411.4
Property      
Land 79.2 79.3 80.4
Buildings and improvements 543.1 538.6 565.9
Equipment 1,012.6 1,013.9 1,008.0
Total land, buildings and improvements and equipment 1,634.9 1,631.8 1,654.3
Accumulated depreciation (1,104.5) (1,094.7) (1,141.8)
Net land, buildings and improvements and equipment 530.4 537.1 512.5
Unamortized product tooling costs 87.4 80.7 65.6
Net property 617.8 617.8 578.1
Other assets      
Goodwill 291.7 291.7 290.5
Other intangibles, net 34.9 35.4 37.4
Long-term investments in marketable securities 0 0 28.5
Equity investments 44.1 41.3 42.9
Non-current deferred tax asset 352.9 377.0 0
Other long-term assets 44.5 44.0 55.3
Long-term assets held for sale 0 0 0
Other assets 768.1 789.4 454.6
Total assets 2,945.7 2,915.8 2,444.1
Current liabilities      
Short-term debt, including current maturities of long-term debt 5.7 6.4 6.8
Accounts payable 383.4 315.6 376.9
Accrued expenses 478.4 561.1 506.6
Current liabilities held for sale 0 0 10.4
Current liabilities 867.5 883.1 900.7
Long-term liabilities      
Debt 453.5 453.4 562.9
Deferred income taxes 0 0 96.3
Postretirement benefits 344.4 347.3 549.1
Other 187.0 193.6 201.5
Long-term liabilities held for sale 0 0 3.0
Long-term liabilities 984.9 994.3 1,412.8
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 92,716,000, 92,409,000 and 90,421,000 shares 76.9 76.9 76.9
Additional paid-in capital 387.2 393.0 429.4
Retained earnings 1,311.1 1,263.3 553.0
Treasury stock, at cost: 9,822,000, 10,129,000 and 12,117,000 shares (281.9) (293.3) (370.5)
Accumulated other comprehensive loss, net of tax (400.0) (401.5) (558.2)
Shareholders' equity 1,093.3 1,038.4 130.6
Total liabilities and shareholders' equity $ 2,945.7 $ 2,915.8 $ 2,444.1