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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Assets      
Cash and cash equivalents $ 166.0 $ 161.4 $ 120.7
Restricted cash 2.2 0.1 3.0
Accounts and notes receivable      
Accounts and notes receivable, gross 1,174.6 1,056.2 1,121.6
Allowance for credit losses (14.2) (10.9) (10.0)
Accounts and notes receivable, net 1,160.4 1,045.3 1,111.6
Inventories      
Finished products 455.3 439.3 405.2
Raw materials 69.1 63.4 63.5
Products in process 7.2 6.0 4.8
Operating supplies and other 63.0 70.6 50.7
Inventories 594.6 579.3 524.2
Other current assets 120.5 115.9 140.0
Total current assets 2,043.7 1,902.0 1,899.5
Investments and long-term receivables 31.2 31.8 33.1
Property, plant & equipment      
Property, plant & equipment, cost 11,561.5 11,306.4 10,831.1
Allowances for depreciation, depletion & amortization (5,455.7) (5,255.1) (5,087.9)
Property, plant & equipment, net 6,105.8 6,051.3 5,743.2
Operating lease right-of-use assets, net 558.4 572.6 692.6
Goodwill 3,689.5 3,689.6 3,742.4
Other intangible assets, net 1,653.1 1,702.1 1,776.0
Other noncurrent assets 251.9 285.2 294.7
Total assets 14,333.6 14,234.6 14,181.5
Liabilities      
Current maturities of long-term debt 0.5 0.5 0.5
Short-term debt 0.0 100.0 176.0
Trade payables and accruals 402.1 454.5 441.0
Other current liabilities 390.7 401.6 411.8
Total current liabilities 793.3 956.6 1,029.3
Long-term debt 3,873.2 3,875.2 3,873.7
Deferred income taxes, net 1,069.8 1,072.8 1,036.1
Deferred revenue 149.9 159.8 163.9
Noncurrent operating lease liabilities 537.5 548.4 645.1
Other noncurrent liabilities 683.5 669.6 689.2
Total liabilities 7,107.2 7,282.4 7,437.3
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.9, 132.9 and 132.9 shares, respectively 132.9 132.9 132.9
Capital in excess of par value 2,845.4 2,839.0 2,817.3
Retained earnings 4,375.7 4,111.4 3,921.4
Accumulated other comprehensive loss (151.4) (154.7) (150.5)
Total shareholders' equity 7,202.6 6,928.6 6,721.1
Noncontrolling interest 23.8 23.6 23.1
Total equity 7,226.4 6,952.2 6,744.2
Total liabilities and equity $ 14,333.6 $ 14,234.6 $ 14,181.5