Financial Highlights 

Balance Sheet | Income Statement | Cash Flow | Summary Financials

(Dollars in millions)
Period Ended  12/31/07 12/31/06
Assets
Cash & Cash Equivalents $30.1 $101.1
Accounts Receivable, Less Allowances 748.5 685.8
 Inventories, Net 1,087.7 952.3
Deferred Income Taxes 69.1 85.6
Deferred Charges & Prepaid Expenses 14.2 11.1
Other Current Assets 95.6 74.4
  Total Current Assets 2,045.2 1,910.3
 
Property, Plant & Equipment, Net 1,722.1 1,601.6

Other Assets

Goodwill 271.8 201.9
Other Intangible Assets 160.4 104.0
Deferred Income Taxes 100.9 169.4
Other Non-Current Assets 78.8 39.9
  Total Other Assets 611.9 515.2
  Total Assets $4,379.2 $4,027.1
 
Liabilities and Shareholders' Equity
Short-Term Debt $108.4 $40.2
Accounts Payable & Other Liabilities 528.1 501.9
Salaries, Wages & Benefits 212.0 225.4
Income Taxes Payable 17.1 52.8
Deferred Income Taxes 4.7 0.6
Current Portion of Long-Term Debt 34.2 10.2
Total Current Liabilities 904.5 831.1
 
Non-Current Liabilities
Long-Term Debt 580.6 547.4
Accrued Pension Cost 169.4 410.4
Accrued Postretirement Benefits Cost 662.4 682.9
Deferred Income Taxes 10.6 6.7
Other Non-Current Liabilities 91.0 72.4
Total  Non-Current Liabilities 1,514.0 1,719.8
 
Shareholders Equity
Preferred Stock n/a n/a
Common Stock n/a n/a
Stated Capital 53.1 53.1
Other Paid-In Capital 809.8 753.1
Earnings Invested in the Business 1,379.9 1,217.2
Accum. Other Comprehensive Loss (271.3) (544.6)
Treasury Shares at Cost (10.8) (2.6)
  Total Shareholders Equity 1,960.7 1,476.2
  Total Liabilities & Shareholders' Equity $4,379.2 $4,027.1

See accompanying Notes to Consolicated Financial Statements filed in the latest Form 10-K.