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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 898.6 $ 894.3
Accounts receivable, net 519.1 507.4
Inventories 431.8 414.8
Other current assets 122.8 103.0
Total current assets 1,972.3 1,919.5
Property, plant and equipment 2,607.1 2,386.6
Less: accumulated depreciation and amortization 1,295.5 1,228.3
Property, plant and equipment, net 1,311.6 1,158.3
Operating lease right-of-use assets 96.8 104.4
Investments in affiliated companies 195.4 204.9
Goodwill 106.8 107.3
Intangible assets, net 15.7 18.4
Deferred income taxes 17.3 65.6
Other noncurrent assets 38.8 38.4
Total Assets 3,754.7 3,616.8
Current liabilities:    
Notes payable and other current debt 55.2 2.2
Accounts payable 219.8 215.4
Accrued salaries, wages and benefits 90.5 76.8
Income taxes payable 15.0 24.8
Operating lease liabilities 16.5 16.0
Other current liabilities 136.5 183.8
Total current liabilities 533.5 519.0
Long-term debt 152.1 206.7
Deferred income taxes 16.5 14.3
Pension and other postretirement benefits 28.4 28.2
Operating lease liabilities 83.0 93.0
Deferred compensation benefits 17.9 19.1
Other long-term liabilities 55.1 51.6
Total Liabilities 886.5 931.9
Commitments and contingencies (Note 17)
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 and 75.3 million, respectively; shares outstanding: 74.0 million and 74.1 million, respectively 18.8 18.8
Capital in excess of par value 122.6 232.2
Retained earnings 3,415.9 2,987.8
Accumulated other comprehensive loss (223.0) (183.0)
Treasury stock, at cost (1.3 million and 1.2 million shares, respectively) (466.1) (370.9)
Total Equity 2,868.2 2,684.9
Total Liabilities and Equity $ 3,754.7 $ 3,616.8