Financial Highlights 

Summary Financials
 
(Dollars in millions, except per share data)
 

Income Statement

2014

2013

Net Sales

$3,076.2

$3,035.4

Income from Continuing Operations

$146.8

$175.2

 

Diluted Earnings Per Share - Continuing Operations

$1.61

$1.82

Balance Sheet

2014

2013

Assets

Current Assets - Continuing Operations

$1,481.9

$1,571.0

    Current Assets - Discontinued Operations

$366.5

Net PP&E

$780.5

$855.8

Other Assets - Continuing Operations

$739.0

$835.4

    Other Assets - Discontinued Operations

$849.2

Total Assets

$3,001.4

$4,477.9

 

Liabilities and Shareholders' Equity

Current Liabilities - Continuing Operations

$533.8

$827.8

     Current Liabilities - Discontinued Operations

$152.3

Non-Current Liabilities - Continuing Operations

$878.5

$612.5

     Non-Current Liabilities - Discontinued Operations

$236.7

Total Shareholders' Equity

$1,589.1

$2,648.6

Total Liabilities & Shareholders' Equity

$3,001.4

$4,477.9

 

 

 

Cash Flow

2014

2013

Net Cash Provided by Operating Activities - Continuing Operations

$281.5

$292.8

Net Cash Used by Investing Activities - Continuing Operations

($117.7)

($184.1)

Net Cash Used by Financing Activities - Continuing Operations

($302.2)

($249.3)

Free cash flow (1) - Continuing Operations

$154.7

$159.2

 

 

 

 

(1) Management believes that free cash flow is useful to investors because it is a meaningful indicator of cash generated from operating activities that is available for the execution of its business strategy.  Free cash flow is defined as net cash provided by operating activities, less capital expenditures.