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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 421.9 $ 418.9
Restricted cash 0.4 0.4
Accounts receivable, less allowances (2024 – $15.5 million; 2023 – $17.1 million) 770.4 671.7
Unbilled receivables 134.8 144.5
Inventories, net 1,231.2 1,229.1
Deferred charges and prepaid expenses 51.7 41.5
Other current assets 90.2 128.8
Total Current Assets 2,700.6 2,634.9
Property, Plant and Equipment, net 1,299.0 1,311.9
Other Assets    
Goodwill 1,352.9 1,369.6
Other intangible assets, net 990.1 1,031.4
Operating lease assets 122.8 119.7
Deferred income taxes 49.7 44.3
Other non-current assets 28.9 29.9
Total Other Assets 2,544.4 2,594.9
Total Assets 6,544.0 6,541.7
Current Liabilities    
Accounts payable, trade 373.0 367.2
Short-term debt, including current portion of long-term debt 601.9 605.6
Salaries, wages and benefits 133.8 161.5
Income taxes payable 25.4 19.9
Other current liabilities 308.6 317.1
Total Current Liabilities 1,442.7 1,471.3
Non-Current Liabilities    
Long-term debt 1,797.9 1,790.3
Accrued pension benefits 162.7 172.3
Accrued postretirement benefits 30.3 30.2
Long-term operating lease liabilities 82.2 78.7
Deferred income taxes 185.1 186.5
Other non-current liabilities 108.1 110.0
Total Non-Current Liabilities 2,366.3 2,368.0
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
Common shares, without par value: Authorized – 200,000,000 shares, Issued (including shares in treasury) (2024 – 79,075,729 shares; 2023 – 78,680,164 shares), Stated capital 40.7 40.7
Other paid-in capital 1,083.0 1,076.5
Retained earnings 2,311.2 2,232.2
Accumulated other comprehensive loss (197.6) (146.9)
Treasury shares at cost (2024 – 8,663,234 shares; 2023 – 8,553,272 shares) (629.0) (620.1)
Total Shareholders’ Equity 2,608.3 2,582.4
Noncontrolling Interest 126.7 120.0
Total Equity 2,735.0 2,702.4
Total Liabilities and Equity $ 6,544.0 $ 6,541.7