December 31 | ||||||
In millions | 2013 | 2012 | ||||
Inventories | ||||||
Raw materials and supplies | $ | 557.2 | $ | 615.1 | ||
Work-in-process | 166.5 | 207.6 | ||||
Finished goods | 519.6 | 511.2 | ||||
Total inventories | $ | 1,243.3 | $ | 1,333.9 | ||
Other current assets | ||||||
Cost in excess of billings | $ | 100.8 | $ | 124.4 | ||
Prepaid expenses | 103.9 | 89.0 | ||||
Deferred income taxes | 162.0 | 82.6 | ||||
Other current assets | 22.7 | 38.5 | ||||
Total other current assets | $ | 389.4 | $ | 334.5 | ||
Property, plant and equipment, net | ||||||
Land and land improvements | $ | 251.3 | $ | 248.6 | ||
Buildings and leasehold improvements | 516.8 | 474.4 | ||||
Machinery and equipment | 1,208.0 | 1,073.0 | ||||
Construction in progress | 72.6 | 102.9 | ||||
Total property, plant and equipment | 2,048.7 | 1,898.9 | ||||
Accumulated depreciation and amortization | 878.7 | 710.7 | ||||
Total property, plant and equipment, net | $ | 1,170.0 | $ | 1,188.2 | ||
Other non-current assets | ||||||
Asbestos-related insurance receivable | $ | 119.6 | $ | 131.0 | ||
Deferred income taxes | 93.6 | 68.7 | ||||
Other non-current assets | 217.7 | 252.6 | ||||
Total other non-current assets | $ | 430.9 | $ | 452.3 | ||
Other current liabilities | ||||||
Deferred revenue and customer deposits | $ | 92.4 | $ | 127.2 | ||
Dividends payable | 98.7 | 95.0 | ||||
Billings in excess of cost | 38.1 | 61.1 | ||||
Accrued warranty | 56.6 | 54.3 | ||||
Other current liabilities | 378.2 | 440.7 | ||||
Total other current liabilities | $ | 664.0 | $ | 778.3 | ||
Other non-current liabilities | ||||||
Asbestos-related liabilities | $ | 254.7 | $ | 278.9 | ||
Taxes payable | 48.9 | 50.5 | ||||
Other non-current liabilities | 153.8 | 165.7 | ||||
Total other non-current liabilities | $ | 457.4 | $ | 495.1 | ||