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Financial Highlights

As Reported Financials

Source Document Currency Code (in millions) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Current Assets

Cash and cash equivalents 129.6 148.8 121.6 132.5 166.8
Restricted cash 0.2 2.7 3.8 0.6 0.6
Accounts receivable, less allowances 454.6 438.0 524.9 546.6 589.9
Unbilled receivables NA NA 0 116.6 153.3
Inventories, net 543.2 553.7 738.9 835.7 843.8
Deferred charges and prepaid expenses 22.7 20.3 29.7 28.2 29.3
Other current assets 56.1 48.4 81.2 77.0 83.0
Total Current Assets 1,206.4 1,211.9 1,500.1 1,737.2 1,866.7
Property, Plant and Equipment, net 777.8 804.4 864.2 912.1 912.0
Operating Lease Assets NA NA NA 0 117.3

Other Assets

Goodwill 327.3 357.5 511.8 960.5 969.4
Other intangible assets 271.3 271.0 420.6 733.2 731.5
Non-current pension assets 86.3 32.1 19.7 6.2 10.9
Deferred income taxes 65.9 51.4 61.0 59.0 49.4
Other non-current assets 49.1 34.9 25.0 37.0 17.0
Total Other Assets 799.9 746.9 1,038.1 1,795.9 1,778.2
Total Assets 2,784.1 2,763.2 3,402.4 4,445.2 4,674.2

LIABILITIES AND EQUITY

Current Liabilities

Short-term debt 62.0 19.2 105.4 33.6 37.3
Current portion of long-term debt 15.1 5.0 2.7 9.4 9.0
Short-term operating lease liabilities NA NA NA 0 29.5
Accounts payable, trade 159.7 176.2 265.2 273.2 291.6
Salaries, wages and benefits 102.3 85.9 127.9 174.9 134.3
Income taxes payable 13.1 16.9 9.8 23.5 26.4
Other current liabilities 153.1 149.5 160.7 171.0 168.2
Total Current Liabilities 505.3 452.7 671.7 685.6 696.3

Non-Current Liabilities

Long-term debt 579.4 635.0 854.2 1,638.6 1,642.6
Accrued pension cost 146.9 154.7 167.3 161.3 162.6
Accrued postretirement benefits cost 136.1 131.5 122.6 108.7 109.3
Long-term operating lease liabilities NA NA NA 0 73.0
Deferred income taxes 3.6 3.9 44.0 138.0 128.7
Other non-current liabilities 68.2 74.5 67.7 70.3 78.1
Total Non-Current Liabilities 934.2 999.6 1,255.8 2,116.9 2,194.3

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 905.1 906.9 903.8 951.9 941.3
Earnings invested in the business 1,457.6 1,289.3 1,408.4 1,630.2 1,772.0
Accumulated other comprehensive loss (287.0) (77.9) (38.3) (95.3) (97.5)
Treasury shares (804.3) (891.7) (884.3) (960.3) (957.6)
Total Shareholders' Equity 1,324.5 1,279.7 1,442.7 1,579.6 1,711.3
Noncontrolling Interest 20.1 31.2 32.2 63.1 72.3
Total Equity 1,344.6 1,310.9 1,474.9 1,642.7 1,783.6
Total Liabilities and Equity 2,784.1 2,763.2 3,402.4 4,445.2 4,674.2
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.