Balance Sheet

Balance Sheet

In millions of USD (except for per share items)

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Update)
Cash & Equivalents 414.00 308.00 680.00 663.00 533.00
Cash and Short Term Investments 414.00 308.00 680.00 663.00 533.00
Accounts Receivable - Trade, Gross 991.00 873.00 782.00 805.00 848.00
Provision for Doubtful Accounts -35.00 -30.00 -33.00 -34.00 -31.00
Accounts Receivable - Trade, Net 956.00 843.00 749.00 771.00 817.00
Receivables - Other 0.00 0.00 0.00 0.00 0.00
Total Receivables, Net 956.00 843.00 749.00 771.00 817.00
Inventories - Finished Goods 223.00 260.00 213.00 194.00 189.00
Inventories - Work In Progress 42.00 42.00 32.00 42.00 31.00
Inventories - Raw Materials 259.00 220.00 188.00 250.00 255.00
Total Inventory 524.00 522.00 433.00 486.00 475.00
Prepaid Expenses 174.00 166.00 141.00 143.00 142.00
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00 41.00
Other Current Assets 3.00 0.00 2.00 1.00 1.00
Other Current Assets, Total 3.00 0.00 2.00 1.00 42.00
Total Current Assets 2,071.00 1,839.00 2,005.00 2,064.00 2,009.00
Buildings - Gross 0.00 0.00 0.00 0.00 0.00
Land/Improvements - Gross 329.00 299.00 240.00 252.00 263.00
Machinery/Equipment - Gross 799.00 731.00 650.00 655.00 685.00
Construction in Progress - Gross 85.00 76.00 46.00 41.00 49.00
Other Property/Plant/Equipment - Gross 363.00 332.00 303.00 317.00 307.00
Property/Plant/Equipment, Total - Gross 1,576.00 1,438.00 1,239.00 1,265.00 1,304.00
Accumulated Depreciation, Total -933.00 -822.00 -800.00 -804.00 -816.00
Property/Plant/Equipment, Total - Net 643.00 616.00 439.00 461.00 488.00
Goodwill, Net 2,768.00 2,632.00 1,584.00 1,635.00 1,718.00
Intangibles - Gross 1,671.00 1,584.00 766.00 773.00 661.00
Accumulated Intangible Amortization -503.00 -383.00 -331.00 -303.00 -173.00
Intangibles, Net 1,168.00 1,201.00 435.00 470.00 488.00
Other Long Term Assets 210.00 186.00 194.00 203.00 193.00
Other Long Term Assets, Total 210.00 186.00 194.00 203.00 193.00
Total Assets 6,860.00 6,474.00 4,657.00 4,833.00 4,896.00
Accounts Payable 549.00 457.00 338.00 338.00 332.00
Accrued Expenses 356.00 378.00 279.00 320.00 371.00
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 0.00 260.00 78.00 89.00 42.00
Income Taxes Payable 75.00 63.00 64.00 77.00 45.00
Other Payables 0.00 0.00 0.00 0.00 0.00
Deferred Income Tax - Current Liability 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 120.00 80.00 64.00 79.00 63.00
Other Current liabilities, Total 195.00 143.00 128.00 156.00 108.00
Total Current Liabilities 1,100.00 1,238.00 823.00 903.00 853.00
Long Term Debt 2,200.00 2,108.00 1,196.00 1,195.00 1,199.00
Total Long Term Debt 2,200.00 2,108.00 1,196.00 1,195.00 1,199.00
Total Debt 2,200.00 2,368.00 1,274.00 1,284.00 1,241.00
Deferred Income Tax - Long Term Liability 252.00 352.00 118.00 136.00 191.00
Deferred Income Tax 252.00 352.00 118.00 136.00 191.00
Minority Interest 16.00 17.00 0.00 0.00 0.00
Pension Benefits - Underfunded 442.00 408.00 335.00 388.00 348.00
Other Long Term Liabilities 347.00 161.00 101.00 84.00 64.00
Other Liabilities, Total 789.00 569.00 436.00 472.00 412.00
Total Liabilities 4,357.00 4,284.00 2,573.00 2,706.00 2,655.00
Common Stock 2.00 2.00 2.00 2.00 2.00
Common Stock, Total 2.00 2.00 2.00 2.00 2.00
Additional Paid-In Capital 1,912.00 1,876.00 1,834.00 1,796.00 1,753.00
Retained Earnings (Accumulated Deficit) 1,227.00 1,033.00 885.00 648.00 405.00
Treasury Stock - Common -428.00 -403.00 -399.00 -220.00 -86.00
Cumulative Translation Adjustment -15.00 -140.00 -43.00 145.00 351.00
Minimum Pension Liability Adjustment -198.00 -177.00 -185.00 -231.00 -186.00
Other Comprehensive Income 3.00 -1.00 -10.00 -13.00 2.00
Other Equity, Total -210.00 -318.00 -238.00 -99.00 167.00
Total Equity 2,503.00 2,190.00 2,084.00 2,127.00 2,241.00
Total Liabilities & Shareholders' Equity 6,860.00 6,474.00 4,657.00 4,833.00 4,896.00
Shares Outstanding – Common Stock Primary Issue 179.90 179.50 178.40 182.30 184.60
Total Common Shares Outstanding 179.90 179.50 178.40 182.30 184.60
Treasury Shares – Common Primary Issue 12.40 11.90 11.80 6.60 3.00
Employees 16,200.00 16,000.00 12,700.00 12,500.00 12,500.00
Number of Common Shareholders 11,681.00 12,632.00 13,784.00 14,700.00 16,626.00
Accumulated Intangible Amortization 503.00 383.00 331.00 303.00 173.00
Total Current Assets less Inventory 1,547.00 1,317.00 1,572.00 1,578.00 1,534.00
Quick Ratio 1.41 1.06 1.91 1.75 1.80
Current Ratio 1.88 1.49 2.44 2.29 2.36
Net Debt 1,802.00 2,077.00 594.00 621.00 708.00
Tangible Book Value -1,433.00 -1,643.00 65.00 22.00 35.00
Tangible Book Value per Share -7.97 -9.15 0.36 0.12 0.19
Total Operating Leases 257.00 223.00 190.00 0.00 225.00
Operating Lease Payments Due in Year 1 65.00 65.00 55.00 0.00 63.00
Operating Lease Payments Due in Year 2 53.00 52.00 43.00 0.00 51.00
Operating Lease Payments Due in Year 3 42.00 38.00 33.00 0.00 39.00
Operating Lease Payments Due in Year 4 29.00 27.00 23.00 0.00 24.00
Operating Lease Payments Due in Year 5 23.00 18.00 17.00 0.00 22.00
Operating Lease Payments Due in 2-3 Years 95.00 90.00 76.00 0.00 90.00
Operating Lease Payments Due in 4-5 Years 52.00 45.00 40.00 0.00 46.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 45.00 23.00 19.00 0.00 26.00
Pension Obligation - Domestic 107.00 100.00 86.00 0.00 74.00
Pension Obligation - Foreign 843.00 754.00 693.00 0.00 703.00
Post-Retirement Obligation 0.00 0.00 0.00 0.00 63.00
Plan Assets - Domestic 84.00 69.00 57.00 0.00 58.00
Plan Assets - Foreign 544.00 493.00 502.00 0.00 466.00
Plan Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Funded Status - Domestic -23.00 -31.00 -29.00 0.00 -16.00
Funded Status - Foreign -299.00 -261.00 -191.00 0.00 -237.00
Funded Status - Post-Retirement 0.00 0.00 0.00 0.00 -63.00
Accumulated Obligation - Domestic 916.00 827.00 746.00 0.00 0.00
Unfunded Plan Obligations 55.00 64.00 61.00 0.00 0.00
Total Funded Status -377.00 -356.00 -281.00 0.00 -316.00
Discount Rate - Domestic 3.75 4.25 4.27 0.00 4.79
Discount Rate - Foreign 2.43 2.63 3.44 0.00 4.23
Discount Rate - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Compensation Rate - Domestic 0.00 0.00 0.00 0.00 0.00
Compensation Rate - Foreign 2.93 2.76 3.29 0.00 3.48
Compensation Rate - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Prepaid Benefits - Domestic 81.00 67.00 68.00 0.00 46.00
Prepaid Benefits - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Accrued Liabilities - Domestic -403.00 -359.00 -288.00 0.00 -11.00
Accrued Liabilities - Post-Retirement -55.00 -64.00 -61.00 0.00 -291.00
Net Assets Recognized on Balance Sheet -377.00 -356.00 -281.00 0.00 -256.00
Equity % - Domestic 35.60 24.20 22.50 0.00 31.68
Debt Securities % - Domestic 40.40 64.41 65.50 0.00 48.28
Private Investments % - Domestic 1.60 2.40 3.10 0.00 4.20
Other Investments % - Domestic 22.40 9.00 8.90 0.00 15.84
Total Plan Obligations 1,005.00 918.00 840.00 0.00 840.00
Total Plan Assets 628.00 562.00 559.00 0.00 524.00

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