Financial Overview - Annual Balance Sheet

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Reclassified) Year Ending Dec 2014 (Reclassified)
Cash & Equivalents 368.05 323.99 181.99 478.57
Cash and Short Term Investments 368.05 323.99 181.99 478.57
Accounts Receivable - Trade, Gross 677.06 560.65 546.13 502.92
Provision for Doubtful Accounts -13.39 -10.00 -8.23 -9.15
Accounts Receivable - Trade, Net 663.66 550.66 537.90 493.77
Total Receivables, Net 663.66 550.66 537.90 493.77
Inventories - Finished Goods 306.88 289.60 272.42 275.86
Inventories - Work In Progress 16.43 13.79 17.45 17.71
Inventories - Raw Materials 326.14 288.63 282.18 275.16
Total Inventory 649.45 592.02 572.05 568.73
Prepaid Expenses 210.25 120.51 145.18 119.53
Deferred Income Tax - Current Asset 0.00 0.00 0.00 27.71
Other Current Assets 5.14 21.84 0.00 21.72
Other Current Assets, Total 5.14 21.84 0.00 49.43
Total Current Assets 1,896.54 1,609.01 1,437.11 1,710.03
Buildings - Gross 560.94 519.95 538.10 411.16
Land/Improvements - Gross 39.01 36.37 22.90 16.45
Machinery/Equipment - Gross 1,162.16 1,052.11 991.75 935.34
Construction in Progress - Gross 141.76 122.75 75.79 146.71
Other Property/Plant/Equipment - Gross 186.89 182.15 183.76 257.09
Property/Plant/Equipment, Total - Gross 2,090.76 1,913.33 1,812.28 1,766.75
Accumulated Depreciation, Total -1,210.18 -1,137.62 -1,079.49 -1,046.48
Property/Plant/Equipment, Total - Net 880.58 775.72 732.79 720.27
Goodwill, Net 1,156.29 1,000.12 941.39 675.48
Intangibles - Gross 633.08 545.96 0.00 218.68
Accumulated Intangible Amortization -217.29 -180.18 0.00 -142.12
Intangibles, Net 415.79 365.78 306.00 76.56
Pension Benefits - Overfunded 0.00 0.00 0.00 1.34
Deferred Income Tax - Long Term Asset 99.78 138.64 166.32 183.05
Other Long Term Assets 149.95 127.71 118.39 127.90
Other Long Term Assets, Total 249.73 266.35 284.71 312.29
Total Assets 4,598.93 4,016.98 3,702.01 3,494.62
Accounts Payable 338.19 274.82 285.50 216.04
Accrued Expenses 172.16 107.73 82.22 111.27
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 6.97 258.52 132.35 8.09
Dividends Payable 54.42 50.68 44.82 37.97
Income Taxes Payable 22.19 0.00 0.00 0.00
Deferred Income Tax - Current Liability 0.00 0.00 0.00 0.00
Other Current Liabilities 174.84 206.56 180.26 145.45
Other Current liabilities, Total 251.45 257.24 225.09 183.42
Total Current Liabilities 768.77 898.30 725.16 518.81
Long Term Debt 1,632.19 1,066.86 935.37 934.23
Total Long Term Debt 1,632.19 1,066.86 935.37 934.23
Total Debt 1,639.15 1,325.37 1,067.72 942.32
Minority Interest 5.09 4.89 4.67 4.13
Pension Benefits - Underfunded 228.94 243.41 242.38 354.33
Other Long Term Liabilities 279.74 177.29 204.11 164.56
Other Liabilities, Total 508.68 420.70 446.49 518.89
Total Liabilities 2,914.72 2,390.74 2,111.69 1,976.06
Common Stock 14.47 14.47 14.47 14.47
Common Stock, Total 14.47 14.47 14.47 14.47
Additional Paid-In Capital 162.83 152.48 140.80 140.01
Retained Earnings (Accumulated Deficit) 3,870.62 3,818.54 3,604.25 3,350.73
Treasury Stock - Common -1,726.23 -1,679.15 -1,555.77 -1,446.22
Cumulative Translation Adjustment -297.42 -352.03 -297.50 -173.34
Minimum Pension Liability Adjustment -329.73 -335.67 -325.34 -379.46
Other Comprehensive Income -10.33 7.60 9.40 12.37
Other Equity, Total -637.48 -680.10 -613.44 -540.43
Total Equity 1,684.20 1,626.24 1,590.32 1,518.56
Total Liabilities & Shareholders' Equity 4,598.93 4,016.98 3,702.01 3,494.62
Shares Outstanding – Common Stock Primary Issue 78.95 79.21 80.02 80.78
Total Common Shares Outstanding 78.95 79.21 80.02 80.78
Treasury Shares – Common Primary Issue 36.91 36.65 35.84 35.08
Employees 7,300.00 6,900.00 6,700.00 6,200.00
Number of Common Shareholders 1,735.00 1,878.00 2,012.00 2,026.00
Accumulated Intangible Amortization 217.29 180.18 0.00 142.12
Deferred Revenue - Long Term 37.34 39.82 43.26 46.54
Total Current Assets less Inventory 1,247.10 1,017.00 865.06 1,141.30
Quick Ratio 1.62 1.13 1.19 2.20
Current Ratio 2.47 1.79 1.98 3.30
Net Debt 1,276.20 1,006.27 890.41 467.88
Tangible Book Value 112.13 260.34 342.92 766.52
Tangible Book Value per Share 1.42 3.29 4.29 9.49
Total Long Term Debt, Supplemental 1,644.00 1,321.00 0.00 925.00
Long Term Debt Maturing within 1 Year 0.00 250.00 0.00 0.00
Long Term Debt Maturing in Year 2 50.00 50.00 0.00 187.50
Long Term Debt Maturing in Year 3 50.00 50.00 0.00 187.50
Long Term Debt Maturing in Year 4 25.00 0.00 0.00 50.00
Long Term Debt Maturing in Year 5 25.00 0.00 0.00 50.00
Long Term Debt Maturing in 2-3 Years 100.00 100.00 0.00 375.00
Long Term Debt Maturing in 4-5 Years 50.00 0.00 0.00 100.00
Long Term Debt Maturing in Year 6 & Beyond 1,494.00 971.00 0.00 450.00
Total Operating Leases 283.60 254.80 0.00 249.00
Operating Lease Payments Due in Year 1 36.20 32.60 0.00 29.00
Operating Lease Payments Due in Year 2 33.90 27.20 0.00 24.00
Operating Lease Payments Due in Year 3 30.80 25.40 0.00 24.00
Operating Lease Payments Due in Year 4 29.30 24.20 0.00 19.00
Operating Lease Payments Due in Year 5 0.00 0.00 0.00 19.00
Operating Lease Payments Due in 2-3 Years 64.70 52.60 0.00 48.00
Operating Lease Payments Due in 4-5 Years 29.30 24.20 0.00 38.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 153.40 145.40 0.00 134.00
Pension Obligation - Domestic 602.78 577.33 0.00 625.48
Pension Obligation - Foreign 973.06 895.57 0.00 965.27
Post-Retirement Obligation 0.00 0.00 0.00 0.00
Plan Assets - Domestic 581.92 525.96 0.00 501.80
Plan Assets - Foreign 929.81 792.14 0.00 852.89
Funded Status - Domestic -20.87 -51.37 0.00 -123.68
Funded Status - Foreign -43.25 -103.43 0.00 -112.37
Funded Status - Post-Retirement 0.00 0.00 0.00 0.00
Accumulated Obligation - Domestic 600.63 574.61 0.00 616.00
Accumulated Obligation - Foreign 941.16 865.59 0.00 942.10
Unfunded Plan Obligations 82.71 79.85 0.00 113.50
Total Funded Status -146.83 -234.64 0.00 -349.55
Discount Rate - Domestic 3.68 4.20 0.00 3.90
Discount Rate - Foreign 2.15 2.14 0.00 2.74
Discount Rate - Post-Retirement 4.19 4.20 0.00 4.80
Compensation Rate - Domestic 3.25 3.25 0.00 3.25
Compensation Rate - Foreign 1.98 1.97 0.00 2.00
Prepaid Benefits - Domestic 33.16 4.34 0.00 0.00
Prepaid Benefits - Foreign 38.10 0.00 0.00 1.34
Accrued Liabilities - Domestic -54.03 -55.71 0.00 -123.68
Accrued Liabilities - Foreign -81.35 -103.43 0.00 -113.71
Other Assets, Net - Domestic 137.08 154.56 0.00 179.06
Other Assets, Net - Foreign 331.28 332.26 0.00 349.37
Other Assets, Net - Post-Retirement -4.52 -12.33 0.00 10.70
Net Assets Recognized on Balance Sheet 399.73 319.70 0.00 303.09
Equity % - Domestic 28.00 36.00 0.00 40.00
Equity % - Foreign 27.00 27.00 0.00 26.00
Debt Securities % - Domestic 71.00 64.00 0.00 59.00
Debt Securities % - Foreign 40.00 56.00 0.00 62.00
Real Estate % - Foreign 4.00 5.00 0.00 7.00
Other Investments % - Domestic 1.00 0.00 0.00 1.00
Other Investments % - Foreign 29.00 12.00 0.00 5.00
Total Plan Obligations 1,658.56 1,552.74 0.00 1,704.24
Total Plan Assets 1,511.73 1,318.10 0.00 1,354.69
For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

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