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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 326.7 $ 337.4
Accounts receivable, net 330.8 288.2
Inventories 232.3 214.5
Other current assets 54.5 54.3
Total current assets 944.3 894.4
Property, plant and equipment 1,786.8 1,752.7
Less: accumulated depreciation and amortization 963.9 930.7
Property, plant and equipment, net 822.9 822.0
Operating lease right-of-use assets 74.5 0.0
Investments in affiliated companies 95.4 91.2
Goodwill 108.2 105.8
Deferred income taxes 27.9 24.7
Intangible assets, net 29.7 20.3
Other noncurrent assets 20.3 20.5
Total Assets 2,123.2 1,978.9
Current liabilities:    
Notes payable and other current debt 0.0 0.1
Accounts payable 152.1 130.4
Pension and other postretirement benefits 2.3 2.3
Accrued salaries, wages and benefits 59.0 64.5
Income taxes payable 5.4 9.8
Operating lease liabilities, current 10.2 0.0
Other current liabilities 84.2 76.6
Total current liabilities 313.2 283.7
Long-term debt 196.0 196.0
Deferred income taxes 13.5 13.1
Pension and other postretirement benefits 53.6 56.2
Operating lease liabilities, noncurrent 66.4 0.0
Other long-term liabilities 35.4 33.6
Total Liabilities 678.1 582.6
Commitments and contingencies (Note 15)
Equity:    
Preferred stock, 3.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, par value $0.25 per share; 100.0 million shares authorized; shares issued: 75.3 million and 75.3 million; shares outstanding: 73.7 million and 74.1 million 18.8 18.8
Capital in excess of par value 273.4 282.0
Retained earnings 1,452.9 1,353.4
Accumulated other comprehensive loss (152.2) (154.2)
Treasury stock, at cost (1.6 million and 1.2 million shares) (147.8) (103.7)
Total Equity 1,445.1 1,396.3
Total Liabilities and Equity $ 2,123.2 $ 1,978.9