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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 667.7 $ 762.6
Accounts receivable, net 498.7 489.0
Inventories 416.5 378.4
Other current assets 107.6 112.0
Total current assets 1,690.5 1,742.0
Property, plant and equipment 2,237.0 2,215.0
Less: accumulated depreciation and amortization 1,171.1 1,157.5
Property, plant and equipment, net 1,065.9 1,057.5
Operating lease right-of-use assets 75.6 69.3
Investments in affiliated companies 208.1 207.7
Goodwill 108.8 109.9
Intangible assets, net 21.8 23.0
Deferred income taxes 66.4 48.5
Pension and other postretirement benefits 17.1 16.7
Other noncurrent assets 40.5 39.2
Total Assets 3,294.7 3,313.8
Current liabilities:    
Notes payable and other current debt 44.2 44.2
Accounts payable 248.2 232.2
Pension and other postretirement benefits 2.4 2.4
Accrued salaries, wages and benefits 77.5 116.3
Income taxes payable 34.7 26.3
Operating lease liabilities 9.8 9.3
Other current liabilities 168.0 163.4
Total current liabilities 584.8 594.1
Long-term debt 208.3 208.8
Deferred income taxes 3.3 4.9
Pension and other postretirement benefits 38.7 40.5
Operating lease liabilities 68.9 63.0
Deferred compensation benefits 26.3 28.9
Other long-term liabilities 38.2 38.2
Total Liabilities 968.5 978.4
Commitments and contingencies
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; 200.0 million shares authorized; shares issued: 75.3 million in 2022 and 2021; shares outstanding: 74.1 million and 74.2 million 18.8 18.8
Capital in excess of par value 219.9 249.0
Retained earnings 2,617.3 2,456.7
Accumulated other comprehensive loss (182.4) (159.6)
Treasury stock, at cost (1.2 million and 1.1 million shares) (347.4) (229.5)
Total Equity 2,326.2 2,335.4
Total Liabilities and Equity $ 3,294.7 $ 3,313.8