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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Assets      
Cash and cash equivalents $ 340.0 $ 161.4 $ 122.4
Restricted cash 5.0 0.1 24.5
Accounts and notes receivable      
Accounts and notes receivable, gross 1,199.2 1,056.2 1,223.6
Allowance for credit losses (14.7) (10.9) (11.0)
Accounts and notes receivable, net 1,184.5 1,045.3 1,212.6
Inventories      
Finished products 448.1 439.3 403.3
Raw materials 50.5 63.4 64.9
Products in process 8.6 6.0 5.6
Operating supplies and other 63.4 70.6 68.2
Inventories 570.6 579.3 542.0
Other current assets 106.0 115.9 140.8
Assets held for sale 495.1 0.0 291.1
Total current assets 2,701.2 1,902.0 2,333.4
Investments and long-term receivables 31.2 31.8 33.1
Property, plant & equipment      
Property, plant & equipment, cost 11,610.4 11,306.4 11,133.6
Allowances for depreciation, depletion & amortization (5,498.4) (5,255.1) (5,148.3)
Property, plant & equipment, net 6,112.0 6,051.3 5,985.3
Operating lease right-of-use assets, net 521.5 572.6 574.2
Goodwill 3,531.7 3,689.6 3,704.5
Other intangible assets, net 1,471.8 1,702.1 1,708.3
Other noncurrent assets 251.1 285.2 277.0
Total assets 14,620.5 14,234.6 14,615.8
Liabilities      
Current maturities of long-term debt 0.5 0.5 0.5
Short-term debt 0.0 100.0 312.0
Trade payables and accruals 412.8 454.5 484.2
Other current liabilities 440.8 401.6 454.7
Liabilities held for sale 10.1 0.0 111.1
Total current liabilities 864.2 956.6 1,362.5
Long-term debt 3,874.3 3,875.2 3,874.2
Deferred income taxes, net 1,068.3 1,072.8 1,073.0
Deferred revenue 147.4 159.8 161.7
Noncurrent operating lease liabilities 516.0 548.4 549.8
Other noncurrent liabilities 685.1 669.6 715.7
Total liabilities 7,155.3 7,282.4 7,736.9
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 2,862.4 2,839.0 2,826.9
Retained earnings 4,595.0 4,111.4 4,045.3
Accumulated other comprehensive loss (149.7) (154.7) (149.4)
Total shareholders' equity 7,440.6 6,928.6 6,855.7
Noncontrolling interest 24.6 23.6 23.2
Total equity 7,465.2 6,952.2 6,878.9
Total liabilities and equity $ 14,620.5 $ 14,234.6 $ 14,615.8