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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Assets      
Cash and cash equivalents $ 139.6 $ 161.4 $ 123.1
Restricted cash 0.4 0.1 9.9
Accounts and notes receivable      
Accounts and notes receivable, gross 988.1 1,056.2 928.6
Allowance for credit losses (13.1) (10.9) (10.7)
Accounts and notes receivable, net 975.0 1,045.3 917.9
Inventories      
Finished products 437.8 439.3 412.2
Raw materials 70.6 63.4 63.2
Products in process 6.2 6.0 4.4
Operating supplies and other 71.0 70.6 44.7
Inventories 585.6 579.3 524.5
Other current assets 91.9 115.9 87.2
Total current assets 1,792.5 1,902.0 1,662.6
Investments and long-term receivables 31.3 31.8 36.5
Property, plant & equipment      
Property, plant & equipment, cost 11,413.5 11,306.4 10,724.1
Allowances for depreciation, depletion & amortization (5,368.6) (5,255.1) (4,998.5)
Property, plant & equipment, net 6,044.9 6,051.3 5,725.6
Operating lease right-of-use assets, net 569.5 572.6 679.7
Goodwill 3,689.6 3,689.6 3,709.2
Other intangible assets, net 1,679.2 1,702.1 1,751.9
Other noncurrent assets 269.9 285.2 295.3
Total assets 14,076.9 14,234.6 13,860.8
Liabilities      
Current maturities of long-term debt 0.5 0.5 3.9
Short-term debt 0.0 100.0 100.0
Trade payables and accruals 370.3 454.5 390.1
Other current liabilities 386.1 401.6 398.7
Total current liabilities 756.9 956.6 892.7
Long-term debt 3,876.9 3,875.2 3,874.5
Deferred income taxes, net 1,060.1 1,072.8 1,007.7
Deferred revenue 157.8 159.8 166.8
Noncurrent operating lease liabilities 545.9 548.4 631.7
Other noncurrent liabilities 668.6 669.6 689.1
Total liabilities 7,066.2 7,282.4 7,262.5
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 133.1, 132.9 and 132.9 shares, respectively 133.1 132.9 132.9
Capital in excess of par value 2,832.9 2,839.0 2,806.8
Retained earnings 4,174.0 4,111.4 3,787.2
Accumulated other comprehensive loss (153.1) (154.7) (151.6)
Total shareholders' equity 6,986.9 6,928.6 6,575.3
Noncontrolling interest 23.8 23.6 23.0
Total equity 7,010.7 6,952.2 6,598.3
Total liabilities and equity $ 14,076.9 $ 14,234.6 $ 13,860.8