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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 853.9 $ 894.3
Accounts receivable, net 512.0 507.4
Inventories 434.7 414.8
Other current assets 135.8 103.0
Total current assets 1,936.4 1,919.5
Property, plant and equipment 2,738.0 2,386.6
Less: accumulated depreciation and amortization 1,324.7 1,228.3
Property, plant and equipment, net 1,413.3 1,158.3
Operating lease right-of-use assets 99.2 104.4
Investments in affiliated companies 210.0 204.9
Goodwill 108.5 107.3
Intangible assets, net 15.1 18.4
Deferred income taxes 25.7 65.6
Other noncurrent assets 21.3 38.4
Total Assets 3,829.5 3,616.8
Current liabilities:    
Notes payable and other current debt 134.0 2.2
Accounts payable 242.4 215.4
Accrued salaries, wages and benefits 105.9 76.8
Income taxes payable 16.6 24.8
Operating lease liabilities 17.7 16.0
Other current liabilities 155.2 183.8
Total current liabilities 671.8 519.0
Long-term debt 72.8 206.7
Deferred income taxes 12.7 14.3
Pension and other postretirement benefits 29.6 28.2
Operating lease liabilities 84.5 93.0
Deferred compensation benefits 18.6 19.1
Other long-term liabilities 58.5 51.6
Total Liabilities 948.5 931.9
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, 3.0 million shares authorized; 0.0 shares issued and outstanding in 2023 and 2022 0.0 0.0
Common stock, par value $0.25 per share; 200 million shares authorized; shares issued: 75.3 million in 2023 and 2022; shares outstanding: 73.5 million and 74.1 million in 2023 and 2022 18.8 18.8
Capital in excess of par value 120.2 232.2
Retained earnings 3,523.4 2,987.8
Accumulated other comprehensive loss (143.8) (183.0)
Treasury stock, at cost (1.8 million and 1.2 million shares in 2023 and 2022) (637.6) (370.9)
Total Equity 2,881.0 2,684.9
Total Liabilities and Equity $ 3,829.5 $ 3,616.8