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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 762.6 $ 615.5
Accounts receivable, net 489.0 385.3
Inventories 378.4 321.3
Other current assets 112.0 51.6
Total current assets 1,742.0 1,373.7
Property, plant and equipment 2,215.0 2,035.5
Less: accumulated depreciation and amortization 1,157.5 1,092.3
Property, plant and equipment, net 1,057.5 943.2
Operating lease right-of-use assets 69.3 68.3
Investments in affiliated companies 207.7 214.7
Goodwill 109.9 111.1
Intangible assets, net 23.0 30.5
Deferred income taxes 48.5 16.0
Pension and other postretirement benefits 16.7 12.9
Other noncurrent assets 39.2 23.4
Total Assets 3,313.8 2,793.8
Current liabilities:    
Notes payable and other current debt 44.2 2.3
Accounts payable 232.2 213.1
Pension and other postretirement benefits 2.4 2.3
Accrued salaries, wages and benefits 116.3 106.0
Income taxes payable 26.3 26.0
Operating lease liabilities 9.3 10.1
Other current liabilities 163.4 143.6
Total current liabilities 594.1 503.4
Long-term debt 208.8 252.9
Deferred income taxes 4.9 10.4
Pension and other postretirement benefits 40.5 57.5
Operating lease liabilities 63.0 60.4
Deferred compensation benefits 28.9 22.9
Other long-term liabilities 38.2 31.8
Total Liabilities 978.4 939.3
Commitments and contingencies
Equity:    
Preferred stock, 3.0 million shares authorized; 0.0 shares issued and outstanding in 2021 and 2020 0.0 0.0
Common stock, par value $0.25 per share; 200 million shares authorized; shares issued: 75.3 million in 2021 and 2020; shares outstanding: 74.2 million and 74.0 million in 2021 and 2020 18.8 18.8
Capital in excess of par value 249.0 267.3
Retained earnings 2,456.7 1,846.7
Accumulated other comprehensive loss (159.6) (110.6)
Treasury stock, at cost (1.1 million and 1.3 million shares in 2021 and 2020) (229.5) (167.7)
Total Equity 2,335.4 1,854.5
Total Liabilities and Equity $ 3,313.8 $ 2,793.8