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
Jun. 28, 2014
Dec. 31, 2013
Jun. 29, 2013
Current assets      
Cash and cash equivalents, at cost, which approximates fair value $ 334.2 $ 356.5 $ 327.5
Short-term investments in marketable securities 0.8 12.7 2.7
Total cash, cash equivalents and short-term investments in marketable securities 335.0 369.2 330.2
Restricted cash 18.6 6.5 13.0
Accounts and notes receivable, less allowances of $22.6, $22.0 and $22.2 467.8 364.6 423.4
Inventories      
Finished goods 393.6 379.9 321.8
Work-in-process 178.9 146.1 150.5
Raw materials 94.0 73.3 76.4
Net inventories 666.5 599.3 548.7
Deferred income taxes 138.0 137.6 18.3
Prepaid expenses and other 33.4 31.4 28.7
Current assets held for sale 0 0 18.3
Current assets 1,659.3 1,508.6 1,380.6
Property      
Land 79.0 79.3 82.2
Buildings and improvements 547.2 538.6 564.4
Equipment 1,018.3 1,013.9 1,005.9
Total land, buildings and improvements and equipment 1,644.5 1,631.8 1,652.5
Accumulated depreciation (1,107.9) (1,094.7) (1,134.6)
Net land, buildings and improvements and equipment 536.6 537.1 517.9
Unamortized product tooling costs 94.7 80.7 75.5
Net property 631.3 617.8 593.4
Other assets      
Goodwill 297.4 291.7 290.3
Other intangibles, net 47.0 35.4 36.7
Equity investments 42.3 41.3 41.7
Non-current deferred tax asset 312.2 377.0 0
Other long-term assets 45.4 44.0 48.0
Long-term assets held for sale 0 0 0
Other assets 744.3 789.4 416.7
Total assets 3,034.9 2,915.8 2,390.7
Current liabilities      
Short-term debt, including current maturities of long-term debt 5.0 6.4 6.0
Accounts payable 359.0 315.6 333.0
Accrued expenses 519.8 561.1 521.0
Current liabilities held for sale 0 0 17.0
Current liabilities 883.8 883.1 877.0
Long-term liabilities      
Debt 453.0 453.4 466.4
Deferred income taxes 0 0 97.6
Postretirement benefits 325.6 347.3 535.5
Other 185.8 193.6 198.0
Long-term liabilities held for sale 0 0 2.7
Long-term liabilities 964.4 994.3 1,300.2
Shareholders' equity      
Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 92,749,000, 92,409,000 and 90,506,000 shares 76.9 76.9 76.9
Additional paid-in capital 396.7 393.0 431.4
Retained earnings 1,390.3 1,263.3 633.4
Treasury stock, at cost: 9,789,000, 10,129,000 and 12,032,000 shares (280.6) (293.3) (366.6)
Accumulated other comprehensive loss, net of tax (396.6) (401.5) (561.6)
Shareholders' equity 1,186.7 1,038.4 213.5
Total liabilities and shareholders' equity $ 3,034.9 $ 2,915.8 $ 2,390.7