AS OF JUNE 30, 2019 AND JULY 1, 2018 (in thousands, except per share data) LIABILITIES AND SHAREHOLDERS’ INVESTMENT 2019 2018 CURRENT LIABILITIES: Accounts Payable $ 287,620 $ 204,173 Short-Term Debt 160,540 48,036 Accrued Liabilities: Wages and Salaries 24,781 41,136 Warranty 28,030 29,546 Accrued Postretirement Health Care Obligation 6,760 8,418 Other 70,014 52,797 Total Accrued Liabilities 129,585 131,897 Total Current Liabilities 577,745 384,106 ACCRUED PENSION COST 221,033 189,872 ACCRUED EMPLOYEE BENEFITS 21,311 20,196 ACCRUED POSTRETIREMENT HEALTH CARE OBLIGATION 25,929 30,186 ACCRUED WARRANTY 19,572 15,781 OTHER LONG-TERM LIABILITIES 44,152 33,447 LONG-TERM DEBT 194,969 199,954 COMMITMENTS AND CONTINGENCIES (Note 13) SHAREHOLDERS’ INVESTMENT: Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares 579 579 Additional Paid-In Capital 78,902 76,408 Retained Earnings 993,873 1,071,480 Accumulated Other Comprehensive Loss (292,550) (252,272) Treasury Stock at Cost, 15,796 and 15,237 Shares, Respectively (334,084 ) (325,771 ) Total Shareholders’ Investment 446,720 570,424 $ 1,551,431 $ 1,443,966 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 37