Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 90.2	$ 101.9
Trade and other accounts receivable (less allowances of $4.1 million and $4.7 million, respectively)	244.5	154.4
Inventories (less allowances of $12.6 million and $8.6 million, respectively):
Finished goods	145.9	118.1
Raw materials	63.9	55.7
Total inventories	209.8	173.8
Prepaid expenses	13.1	6.2
Prepaid income taxes	2.8	4.8
Other current assets	1.1	0.0
Total current assets	561.5	441.1
Net property, plant and equipment	196.0	157.4
Goodwill	361.8	374.8
Other intangible assets	163.3	144.4
Deferred tax assets	6.5	14.9
Pension asset	116.0	48.0
Other non-current assets	5.1	0.8
Total assets	1,410.2	1,181.4
Current liabilities:
Accounts payable	117.9	59.6
Accrued liabilities	104.1	95.4
Current portion of long-term debt	15.8	10.3
Current portion of finance leases	2.7	1.6
Current portion of plant closure provisions	5.2	6.7
Current portion of accrued income taxes	15.8	9.4
Current portion of deferred income	0.1	0.1
Total current liabilities	261.6	183.1
Long-term debt, net of current portion	202.6	258.5
Finance leases, net of current portion	3.2	2.9
Plant closure provisions, net of current portion	40.9	32.8
Accrued income taxes, net of current portion	41.7	0.0
Unrecognized tax benefits, net of current portion	2.5	2.3
Deferred tax liabilities	45.0	32.3
Pension liabilities and post-employment benefits	16.5	14.2
Deferred income, net of current portion	0.5	0.5
Other non-current liabilities	1.4	1.0
Equity:
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares	0.3	0.3
Additional paid-in capital	320.4	315.1
Treasury stock (5,204,181 and 5,483,341 shares at cost, respectively)	(93.3)	(97.5)
Retained earnings	605.0	561.8
Accumulated other comprehensive loss	(38.5)	(126.2)
Total Innospec stockholders' equity	793.9	653.5
Non-controlling interest	0.4	0.3
Total equity	794.3	653.8
Total liabilities and equity	$ 1,410.2	$ 1,181.4