Consolidated Balance Sheets

At December 31 (In thousands, except share data) 2011 2010

Assets
Current assets
Cash and cash equivalents $194,387 $68,119
Receivables, net 556,026 461,632
Inventories, net 320,633 281,103
Deferred tax assets, net 54,275 48,568
Other current assets 41,813 40,605
Total current assets $1,167,134 $900,027
Property, plant, and equipment, net $443,555 $397,280
Goodwill 759,442 693,572
Other intangible assets, net 261,448 240,197
Deferred tax assets, net 12,137 1,033
Other assets 9,121 9,909
Total assets $2,652,837 $2,242,018

Liabilities
Current liabilities
Current portion of long-term and short-term debt $2,502 $2,602
Accounts payable 150,281 133,180
Accrued expenses 105,196 99,966
Income taxes payable 4,161 3,111
Deferred revenue 200,268 146,770
Other current liabilities 42,976 42,310
Total current liabilities $505,384 $427,939
Long-term debt $583,928 $394,042
Deferred tax liabilities, net 24,980 26,815
Accrued pension and other post-retirement benefit costs 232,794 166,591
Long-term portion of environmental reserves 19,067 19,091
Other liabilities 57,645 47,437
Total liabilities $1,423,798 $1,081,915

Contingencies and Commitments
Stockholders' equity
Common stock, $1 par value, 100,000,000 shares authorized at December 31, 2011 and 2010; 48,878,448 and 48,557,638 shares issued at December 31, 2011 and 2010, respectively; outstanding shares were 46,484,723 at December 31, 2011 and 46,133,766 at December 31, 2010 $48,879 $48,558
Additional paid in capital 143,192 130,093
Retained earnings 1,187,989 1,072,459
Accumulated other comprehensive loss (65,131) (2,813)
1,314,929 1,248,297
Less: Common treasury stock, at cost (2,393,725 shares at December 31, 2011 and 2,423,872 shares at December 31, 2010) (85,890) (88,194)
Total stockholders' equity $1,229,039 $1,160,103
Total liabilities and stockholders' equity $2,652,837 $2,242,018