CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash, including cash equivalents	$ 203.0	$ 274.6
Accounts receivable, net	200.5	181.4
Inventories	199.3	181.1
Other current assets	39.1	36.6
Total current assets	641.9	673.7
Property, plant and equipment	1,554.7	1,440.3
Less: accumulated depreciation and amortization	776.4	719.3
Property, plant and equipment, net	778.3	721.0
Investments in affiliated companies	82.7	61.3
Goodwill	103.0	104.6
Deferred income taxes	66.2	70.5
Intangible assets, net	23.3	37.6
Other noncurrent assets	21.3	26.4
Total Assets	1,716.7	1,695.1
Current liabilities:
Notes payable and other current debt	2.4	69.3
Accounts payable	122.0	119.8
Pension and other postretirement benefits	2.2	5.6
Accrued salaries, wages and benefits	51.6	53.0
Income taxes payable	4.5	12.8
Other current liabilities	58.3	53.8
Total current liabilities	241.0	314.3
Long-term debt	226.2	228.9
Deferred income taxes	9.2	12.4
Pension and other postretirement benefits	75.6	62.0
Other long-term liabilities	47.2	53.6
Total Liabilities	599.2	671.2
Commitments and contingencies (Note 16)
Equity:
Preferred stock, 3.0 million shares authorized; 0 shares issued and 0 shares outstanding in 2016 and 2015	0.0	0.0
Common stock, par value $.25 per share; 100.0 million shares authorized; shares issued: 73.7 million and 72.4 million; shares outstanding: 73.1 million and 72.3 million	18.4	18.1
Capital in excess of par value	260.4	207.8
Retained earnings	1,071.6	964.6
Accumulated other comprehensive loss	(186.8)	(162.6)
Treasury stock, at cost (0.6 million and 0.1 million shares in 2016 and 2015)	(46.1)	(4.0)
Total Equity	1,117.5	1,023.9
Total Liabilities and Equity	$ 1,716.7	$ 1,695.1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.