Balance Sheet

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Cash & Equivalents 264.00 327.00 595.00 512.00 434.00
Short Term Investments 4.00 7.00 9.00 4.00 6.00
Cash and Short Term Investments 268.00 334.00 604.00 516.00 440.00
Accounts Receivable - Trade, Gross 157.00 157.00 209.00 178.00 108.00
Provision for Doubtful Accounts -10.00 -8.00 -8.00 -6.00 -5.00
Accounts Receivable - Trade, Net 965.00 929.00 950.00 892.00 769.00
Total Receivables, Net 965.00 929.00 950.00 892.00 769.00
Inventories - Finished Goods 565.00 522.00 495.00 478.00 438.00
Inventories - Raw Materials 296.00 302.00 328.00 311.00 277.00
Total Inventory 861.00 824.00 823.00 789.00 715.00
Prepaid Expenses 54.00 29.00 27.00 24.00 20.00
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00 0.00
Other Current Assets 12.00 22.00 11.00 31.00 6.00
Other Current Assets, Total 12.00 22.00 11.00 31.00 6.00
Total Current Assets 2,160.00 2,138.00 2,415.00 2,252.00 1,950.00
Buildings - Gross 748.00 715.00 731.00 704.00 643.00
Land/Improvements - Gross 202.00 199.00 225.00 183.00 171.00
Machinery/Equipment - Gross 4,412.00 4,199.00 4,252.00 4,055.00 3,817.00
Other Property/Plant/Equipment - Gross 151.00 0.00 0.00 0.00 0.00
Property/Plant/Equipment, Total - Gross 5,513.00 5,113.00 5,208.00 4,942.00 4,631.00
Accumulated Depreciation, Total -3,056.00 -2,915.00 -2,991.00 -2,826.00 -2,642.00
Property/Plant/Equipment, Total - Net 2,457.00 2,198.00 2,217.00 2,116.00 1,989.00
Goodwill, Net 801.00 791.00 803.00 784.00 601.00
Intangibles - Gross 634.00 627.00 632.00 608.00 492.00
Accumulated Intangible Amortization -197.00 -167.00 -139.00 -106.00 -82.00
Intangibles, Net 437.00 460.00 493.00 502.00 410.00
LT Investments - Other 0.00 0.00 0.00 0.00 0.00
Long Term Investments 0.00 0.00 0.00 0.00 0.00
Deferred Income Tax - Long Term Asset 13.00 10.00 9.00 7.00 7.00
Other Long Term Assets 172.00 131.00 143.00 121.00 117.00
Other Long Term Assets, Total 185.00 141.00 152.00 128.00 124.00
Total Assets 6,040.00 5,728.00 6,080.00 5,782.00 5,074.00
Accounts Payable 0.00 0.00 0.00 0.00 0.00
Payable/Accrued 487.00 434.00 470.00 415.00 390.00
Accrued Expenses 323.00 256.00 278.00 356.00 221.00
Notes Payable/Short Term Debt 82.00 169.00 120.00 106.00 19.00
Dividends Payable 42.00 42.00 44.00 36.00 33.00
Income Taxes Payable 16.00 27.00 22.00 40.00 46.00
Deferred Income Tax - Current Liability 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 17.00 18.00 23.00 25.00 33.00
Other Current liabilities, Total 75.00 87.00 89.00 101.00 112.00
Total Current Liabilities 967.00 946.00 957.00 978.00 742.00
Long Term Debt 1,766.00 1,931.00 1,744.00 1,850.00 1,819.00
Total Long Term Debt 1,766.00 1,931.00 1,744.00 1,850.00 1,819.00
Total Debt 1,848.00 2,100.00 1,864.00 1,956.00 1,838.00
Deferred Income Tax - Long Term Liability 195.00 189.00 199.00 171.00 139.00
Deferred Income Tax 195.00 189.00 199.00 171.00 139.00
Minority Interest 21.00 20.00 26.00 30.00 36.00
Pension Benefits - Underfunded 132.00 122.00 121.00 109.00 142.00
Other Long Term Liabilities 239.00 132.00 142.00 79.00 52.00
Other Liabilities, Total 371.00 254.00 263.00 188.00 194.00
Total Liabilities 3,320.00 3,340.00 3,189.00 3,217.00 2,930.00
Redeemable Convertible Preferred Stock 0.00 0.00 0.00 0.00 0.00
Redeemable Preferred Stock, Total 0.00 0.00 0.00 0.00 0.00
Convertible Preferred Stock – Non-Redeemable 0.00 0.00 0.00 0.00 0.00
Preferred Stock - Non Redeemable, Net 0.00 0.00 0.00 0.00 0.00
Common Stock 1.00 1.00 1.00 1.00 1.00
Common Stock, Total 1.00 1.00 1.00 1.00 1.00
Additional Paid-In Capital 1,137.00 1,096.00 1,138.00 1,149.00 1,160.00
Retained Earnings (Accumulated Deficit) 3,780.00 3,536.00 3,259.00 2,899.00 2,552.00
Treasury Stock - Common -1,040.00 -1,091.00 -494.00 -413.00 -467.00
Unrealized Gain (Loss) 0.00 0.00 2.00 0.00 -1.00
Cumulative Translation Adjustment -1,089.00 -1,080.00 -951.00 -1,008.00 -1,025.00
Minimum Pension Liability Adjustment -60.00 -69.00 -51.00 -56.00 -47.00
Other Comprehensive Income -9.00 -5.00 -13.00 -7.00 -29.00
Other Equity, Total -1,158.00 -1,154.00 -1,015.00 -1,071.00 -1,101.00
Total Equity 2,720.00 2,388.00 2,891.00 2,565.00 2,144.00
Total Liabilities & Shareholders' Equity 6,040.00 5,728.00 6,080.00 5,782.00 5,074.00
Shares Outstanding – Common Stock Primary Issue 66.82 66.53 71.99 72.41 71.62
Total Common Shares Outstanding 66.82 66.53 71.99 72.41 71.62
Treasury Shares – Common Primary Issue 10.99 11.28 5.82 5.40 6.19
Employees 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
Number of Common Shareholders 3,633.00 3,911.00 4,160.00 4,446.00 4,733.00
Accumulated Intangible Amortization 197.00 167.00 139.00 106.00 82.00
Total Current Assets less Inventory 1,299.00 1,314.00 1,592.00 1,463.00 1,235.00
Quick Ratio 1.34 1.39 1.66 1.50 1.66
Current Ratio 2.23 2.26 2.52 2.30 2.63
Net Debt 1,601.00 1,786.00 1,286.00 1,470.00 1,434.00
Tangible Book Value 1,482.00 1,137.00 1,595.00 1,279.00 1,133.00
Tangible Book Value per Share 22.18 17.09 22.15 17.66 15.82
Total Long Term Debt, Supplemental 1,766.00 1,931.00 1,745.00 1,850.00 1,811.00
Long Term Debt Maturing within 1 Year 600.00 165.00 0.00 500.00 0.00
Long Term Debt Maturing in Year 2 208.00 508.00 497.50 0.00 480.50
Long Term Debt Maturing in Year 3 208.00 508.00 497.50 0.00 480.50
Long Term Debt Maturing in Year 4 0.00 0.00 0.00 300.00 300.00
Long Term Debt Maturing in Year 5 0.00 0.00 0.00 300.00 300.00
Long Term Debt Maturing in Year 6 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 7 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in 2-3 Years 416.00 1,016.00 995.00 0.00 961.00
Long Term Debt Maturing in 4-5 Years 0.00 0.00 0.00 600.00 600.00
Long Term Debt Maturing in Year 6 & Beyond 750.00 750.00 750.00 750.00 250.00
Total Operating Leases 161.00 213.00 197.00 223.00 219.00
Operating Lease Payments Due in Year 1 49.00 53.00 45.00 45.00 44.00
Operating Lease Payments Due in Year 2 39.00 44.00 40.00 41.00 38.00
Operating Lease Payments Due in Year 3 30.00 40.00 31.00 36.00 33.00
Operating Lease Payments Due in Year 4 23.00 27.00 25.00 28.00 28.00
Operating Lease Payments Due in Year 5 15.00 22.00 20.00 23.00 20.00
Operating Lease Payments Due in 2-3 Years 69.00 84.00 71.00 77.00 71.00
Operating Lease Payments Due in 4-5 Years 38.00 49.00 45.00 51.00 48.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 5.00 27.00 36.00 50.00 56.00
Pension Obligation - Domestic 387.00 357.00 393.00 367.00 359.00
Pension Obligation - Foreign 254.00 223.00 248.00 223.00 219.00
Post-Retirement Obligation 69.00 64.00 70.00 67.00 64.00
Plan Assets - Domestic 408.00 353.00 404.00 368.00 354.00
Plan Assets - Foreign 231.00 207.00 235.00 211.00 206.00
Funded Status - Domestic 21.00 -4.00 11.00 1.00 -5.00
Funded Status - Foreign -23.00 -16.00 -13.00 -12.00 -13.00
Funded Status - Post-Retirement -69.00 -64.00 -70.00 -67.00 -64.00
Accumulated Obligation - Domestic 10.00 9.00 11.00 10.00 158.00
Accumulated Obligation - Post-Retirement 69.00 64.00 70.00 67.00 64.00
Total Funded Status -71.00 -84.00 -72.00 -78.00 -82.00
Discount Rate - Domestic 4.38 3.70 4.30 4.30 4.54
Discount Rate - Foreign 4.33 4.02 4.34 4.34 4.57
Discount Rate - Post-Retirement 5.30 5.30 5.75 5.42 5.30
Compensation Rate - Domestic 4.31 4.42 4.54 4.54 4.71
Compensation Rate - Foreign 3.63 3.58 4.31 3.62 3.73
Prepaid Benefits - Domestic 32.00 7.00 23.00 12.00 18.00
Prepaid Benefits - Foreign 31.00 32.00 37.00 29.00 32.00
Accrued Liabilities - Domestic -11.00 -11.00 -12.00 -11.00 -23.00
Accrued Liabilities - Foreign -54.00 -48.00 -50.00 -41.00 -45.00
Accrued Liabilities - Post-Retirement -69.00 -64.00 -70.00 -67.00 -64.00
Other Assets, Net - Domestic 9.00 34.00 15.00 22.00 17.00
Other Assets, Net - Foreign 63.00 57.00 55.00 17.00 49.00
Net Assets Recognized on Balance Sheet 1.00 7.00 -2.00 -39.00 -16.00
Equity % - Domestic 21.00 19.00 26.00 38.00 62.00
Equity % - Foreign 17.00 16.00 39.00 41.00 49.00
Debt Securities % - Domestic 78.00 80.00 73.00 61.00 37.00
Debt Securities % - Foreign 63.00 64.00 46.00 44.00 38.00
Other Investments % - Domestic 1.00 1.00 1.00 1.00 1.00
Other Investments % - Foreign 20.00 20.00 15.00 15.00 13.00
Total Plan Obligations 710.00 644.00 711.00 657.00 642.00
Total Plan Assets 639.00 560.00 639.00 579.00 560.00
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In millions of USD (except for per share items)



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