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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of Inventory, Current
Inventories and supplies are stated at the lower of cost or net realizable value. Inventories are as follows:
in millionsMarch 31
2024
December 31
2023
March 31
2023
Finished products$512.7 $494.4 $437.8 
Raw materials58.7 51.2 70.6 
Products in process6.8 6.5 6.2 
Operating supplies and other69.0 63.5 71.0 
Total inventories$647.2 $615.6 $585.6 
Results from Discontinued Operations Results from discontinued operations are as follows:
in millionsThree Months Ended
March 31
20242023
Pretax loss$(2.3)$(2.9)
Income tax benefit 0.6 0.8 
Loss on discontinued operations, net of tax$(1.7)$(2.1)
Weighted-Average Common Shares Outstanding Assuming Dilution
Earnings per share are computed by dividing net earnings by the weighted-average common shares outstanding (basic EPS) or weighted-average common shares outstanding assuming dilution (diluted EPS), as set forth below:
Three Months Ended
March 31
in millions20242023
Weighted-average common shares outstanding132.4133.2
Dilutive effect of
Stock-Only Stock Appreciation Rights0.20.2
Other stock compensation awards0.50.3
Weighted-average common shares outstanding, assuming dilution133.1133.7
Antidilutive Common Stock Equivalents
All dilutive common stock equivalents are reflected in our earnings per share calculations. In periods of loss, shares that otherwise would have been included in our diluted weighted-average common shares outstanding computation would be excluded.
Antidilutive common stock equivalents are not included in our earnings per share calculations.The number of antidilutive common stock equivalents for which the exercise price exceeds the weighted-average market price is as follows:
Three Months Ended
March 31
in millions20242023
Antidilutive common stock equivalents0.10.1