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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 439.1 $ 337.4
Accounts receivable, net 319.3 288.2
Inventories 235.7 214.5
Other current assets 64.6 54.3
Total current assets 1,058.7 894.4
Property, plant and equipment 1,820.1 1,752.7
Less: accumulated depreciation and amortization 980.8 930.7
Property, plant and equipment, net 839.3 822.0
Operating lease right-of-use assets 70.1 0.0
Investments in affiliated companies 192.7 91.2
Goodwill 107.8 105.8
Deferred income taxes 14.0 24.7
Intangible assets, net 29.8 20.3
Pension and other postretirement benefits 4.3 0.0
Other noncurrent assets 24.7 20.5
Total Assets 2,341.4 1,978.9
Current liabilities:    
Notes payable and other current debt 2.3 0.1
Accounts payable 156.8 130.4
Pension and other postretirement benefits 2.2 2.3
Accrued Salaries, Wages, and Benefits, Current 73.0 64.5
Income taxes payable 6.4 9.8
Operating lease liabilities 9.6 0.0
Other current liabilities 91.3 76.6
Total current liabilities 341.6 283.7
Long-term debt 255.0 196.0
Deferred income taxes 15.5 13.1
Pension and other postretirement benefits 52.5 56.2
Operating lease liabilities 62.4 0.0
Other long-term liabilities 41.2 33.6
Total Liabilities 768.2 582.6
Commitments and contingencies (Note 16)
Equity:    
Preferred stock, 3.0 million shares authorized; 0 shares issued and outstanding in 2019 and 2018 0.0 0.0
Common stock, par value $.25 per share; 100.0 million shares authorized; shares issued: 75.3 million and 75.3 million in 2019 and 2018; shares outstanding: 74.1 million and 74.1 million in 2019 and 2018 18.8 18.8
Capital in excess of par value 272.7 282.0
Retained earnings 1,549.4 1,353.4
Accumulated other comprehensive loss (149.6) (154.2)
Treasury stock, at cost (1.2 million and 1.2 million shares in 2019 and 2018) (118.1) (103.7)
Total Equity 1,573.2 1,396.3
Total Liabilities and Equity $ 2,341.4 $ 1,978.9