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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 886.3 $ 894.3
Accounts receivable, net 513.4 507.4
Inventories 447.0 414.8
Other current assets 90.5 103.0
Total current assets 1,937.2 1,919.5
Property, plant and equipment 2,478.9 2,386.6
Less: accumulated depreciation and amortization 1,263.7 1,228.3
Property, plant and equipment, net 1,215.2 1,158.3
Operating lease right-of-use assets 101.1 104.4
Investments in affiliated companies 208.8 204.9
Goodwill 107.8 107.3
Intangible assets, net 17.8 18.4
Deferred income taxes 99.0 65.6
Other noncurrent assets 36.7 38.4
Total Assets 3,723.6 3,616.8
Current liabilities:    
Notes payable and other current debt 2.2 2.2
Accounts payable 233.8 215.4
Accrued salaries, wages and benefits 65.7 76.8
Income taxes payable 59.0 24.8
Operating lease liabilities 16.2 16.0
Other current liabilities 158.0 183.8
Total current liabilities 534.9 519.0
Long-term debt 206.1 206.7
Deferred income taxes 14.5 14.3
Pension and other postretirement benefits 27.2 28.2
Long-term operating lease liabilities 89.9 93.0
Deferred compensation benefits 19.0 19.1
Other long-term liabilities 55.8 51.6
Total Liabilities 947.4 931.9
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 2023 and 2022; shares outstanding: 74.2 million and 74.1 million 18.8 18.8
Capital in excess of par value 181.4 232.2
Retained earnings 3,113.6 2,987.8
Accumulated other comprehensive loss (168.4) (183.0)
Treasury stock, at cost (1.1 million and 1.2 million shares) (369.2) (370.9)
Total Equity 2,776.2 2,684.9
Total Liabilities and Equity $ 3,723.6 $ 3,616.8