XML 77 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 601.8 $ 853.9
Accounts receivable, net 524.0 512.0
Inventories 429.9 434.7
Other current assets 137.2 135.8
Total current assets 1,692.9 1,936.4
Property, plant and equipment 2,791.3 2,738.0
Less: accumulated depreciation and amortization 1,342.7 1,324.7
Property, plant and equipment, net 1,448.6 1,413.3
Operating lease right-of-use assets 96.8 99.2
Investments in affiliated companies 202.5 210.0
Goodwill 107.6 108.5
Intangible assets, net 13.9 15.1
Deferred income taxes 21.0 25.7
Other noncurrent assets 19.0 21.3
Total Assets 3,602.3 3,829.5
Current liabilities:    
Notes payable and other current debt 133.4 134.0
Accounts payable 240.1 242.4
Accrued salaries, wages and benefits 66.5 105.9
Income taxes payable 16.8 16.6
Operating lease liabilities 18.0 17.7
Other current liabilities 173.6 155.2
Total current liabilities 648.4 671.8
Long-term debt 72.8 72.8
Deferred income taxes 12.7 12.7
Pension and other postretirement benefits 28.9 29.6
Long-term operating lease liabilities 82.4 84.5
Deferred compensation benefits 18.6 18.6
Other long-term liabilities 57.9 58.5
Total Liabilities 921.7 948.5
Commitments and contingencies (Note 16)
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 as of March 31, 2024 and December 31, 2023, respectively; shares outstanding: 73.0 million and 73.5 million as of March 31, 2024 and December 31, 2023, respectively 18.8 18.8
Capital in excess of par value 55.2 120.2
Retained earnings 3,624.1 3,523.4
Accumulated other comprehensive loss (192.3) (143.8)
Treasury stock, at cost (2.3 million and 1.8 million shares) (825.2) (637.6)
Total Equity 2,680.6 2,881.0
Total Liabilities and Equity $ 3,602.3 $ 3,829.5