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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 931.1 $ 161.4
Restricted cash 18.1 0.1
Accounts and notes receivable, net 889.7 1,045.3
Inventories 615.6 579.3
Other current assets 70.4 115.9
Total current assets 2,524.9 1,902.0
Investments and long-term receivables 31.3 31.8
Property, plant & equipment, net 6,217.7 6,051.3
Operating lease right-of-use assets, net 511.7 572.6
Goodwill 3,531.7 3,689.6
Other intangible assets, net 1,460.7 1,702.1
Other noncurrent assets 267.7 285.2
Total assets 14,545.7 14,234.6
Liabilities    
Current maturities of long-term debt 0.5 0.5
Short-term debt 0.0 100.0
Trade payables and accruals 390.4 454.5
Accrued salaries, wages and management incentives 135.8 112.7
Accrued interest 32.8 20.0
Other current liabilities 238.1 268.9
Total current liabilities 797.6 956.6
Long-term debt 3,877.3 3,875.2
Deferred income taxes, net 1,028.9 1,072.8
Pension and other postretirement benefits 83.6 82.2
Asset retirement obligations 324.1 311.3
Deferred revenue 145.3 159.8
Noncurrent operating lease liabilities 507.4 548.4
Other noncurrent liabilities 273.6 276.1
Total liabilities 7,037.8 7,282.4
Other commitments and contingencies (Note 12)
Equity    
Common stock, $1 par value, Authorized 480.0 shares, Outstanding 132.1 and 132.9 shares, respectively 132.1 132.9
Capital in excess of par value 2,880.1 2,839.0
Retained earnings 4,615.0 4,111.4
Accumulated other comprehensive loss (143.8) (154.7)
Total shareholders' equity 7,483.4 6,928.6
Noncontrolling interest 24.5 23.6
Total equity 7,507.9 6,952.2
Total liabilities and equity $ 14,545.7 $ 14,234.6