December 31 (thousands, except per share)	2003	2002	2001
ASSETS
Current assets    Cash and cash equivalents	$      85,626	$      49,205	$      41,793
Accounts receivable, net	626,002	553,154	514,074
Inventories	309,959	291,506	279,785
Deferred income taxes	75,820	71,147	53,781
Other current assets	52,933	50,925	40,150
Total current assets	1,150,340	1,015,937	929,583
Property, plant and equipment, net	736,797	680,265	644,323
Goodwill, net	797,211	695,700	596,925
Other intangible assets, net	203,859	188,670	178,951
Other assets, net	340,711	285,335	175,218
Total assets	$3,228,918	$2,865,907	$2,525,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities    Short-term debt	$      70,203	$   160,099	$   233,393
Accounts payable	212,287	205,665	199,772
Compensation and benefits	190,386	184,239	132,720
Income taxes	59,829	12,632	18,887
Other current liabilities	319,237	291,193	243,180
Total current liabilities	851,942	853,828	827,952
Long-term debt	604,441	539,743	512,280
Postretirement health care and pension benefits	249,906	207,596	183,281
Other liabilities	227,203	164,989	121,135
Shareholders' equity (common stock, par value    $1.00 per share; shares outstanding: 2003 –    257,417; 2002 – 129,940 and 2001 – 127,900)	1,295,426	1,099,751	880,352
Total liabilities and shareholders' equity	$3,228,918	$2,865,907	$2,525,000

The accompanying notes are an integral part of the consolidated financial statements.