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Financial Highlights

As Reported Financials

Source Document Currency Code (in millions) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

ASSETS

Current Assets

Cash and cash equivalents 278.8 129.6 148.8 121.6 145.2
Restricted cash 15.3 0.2 2.7 3.8 1.4
Accounts receivable, less allowances 475.7 454.6 438.0 524.9 530.2
Contract assets NA NA NA 0 127.5
Inventories, net 585.5 543.2 553.7 738.9 777.4
Deferred income taxes 49.9 NA NA NA NA
Deferred charges and prepaid expenses 25.2 22.7 20.3 29.7 25.3
Other current assets 51.5 56.1 48.4 81.2 92.8
Total Current Assets 1,481.9 1,206.4 1,211.9 1,500.1 1,699.8
Property, Plant and Equipment, net 780.5 777.8 804.4 864.2 834.5

Other Assets

Goodwill 259.5 327.3 357.5 511.8 493.7
Non-current pension assets 176.2 86.3 32.1 19.7 26.0
Other intangible assets 239.8 271.3 271.0 420.6 389.0
Deferred income taxes 11.2 65.9 51.4 61.0 55.1
Other non-current assets 52.3 49.1 34.9 25.0 29.9
Total Other Assets 739.0 799.9 746.9 1,038.1 993.7
Total Assets 3,001.4 2,784.1 2,763.2 3,402.4 3,528.0

LIABILITIES AND EQUITY

Current Liabilities

Short-term debt 7.4 62.0 19.2 105.4 162.3
Current portion of long-term debt 0.6 15.1 5.0 2.7 2.7
Accounts payable, trade 143.9 159.7 176.2 265.2 253.2
Salaries, wages and benefits 146.7 102.3 85.9 127.9 111.4
Income taxes payable 80.2 13.1 16.9 9.8 15.1
Other current liabilities 155.0 153.1 149.5 160.7 166.5
Total Current Liabilities 533.8 505.3 452.7 671.7 711.2

Non-Current Liabilities

Long-term debt 522.1 579.4 635.0 854.2 881.4
Accrued pension cost 165.9 146.9 154.7 167.3 165.7
Accrued postretirement benefits cost 141.8 136.1 131.5 122.6 122.2
Deferred income taxes 4.1 3.6 3.9 44.0 40.4
Other non-current liabilities 44.6 68.2 74.5 67.7 54.8
Total Non-Current Liabilities 878.5 934.2 999.6 1,255.8 1,264.5

Shareholders' Equity

Class I and II Serial Preferred Stock, without par value
Authorized 0 0 0 0 0
Common shares, without par value
Stated capital 53.1 53.1 53.1 53.1 53.1
Other paid-in capital 899.4 905.1 906.9 903.8 907.2
Earnings invested in the business 1,615.4 1,457.6 1,289.3 1,408.4 1,545.3
Accumulated other comprehensive loss (482.5) (287.0) (77.9) (38.3) (69.9)
Treasury shares at cost (509.2) (804.3) (891.7) (884.3) (913.9)
Total Shareholders' Equity 1,576.2 1,324.5 1,279.7 1,442.7 1,521.8
Noncontrolling Interest 12.9 20.1 31.2 32.2 30.5
Total Equity 1,589.1 1,344.6 1,310.9 1,474.9 1,552.3
Total Liabilities and Equity 3,001.4 2,784.1 2,763.2 3,402.4 3,528.0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.