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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 25.2 $ 179.9
Receivables, less allowances for credit losses of $26.4 million at December 31, 2022, and $28.2 million at December 31, 2021 372.6 362.0
Inventories 260.7 226.2
Prepaid expenses and other current assets 46.0 41.0
Total current assets 704.5 809.1
Property, plant and equipment—net 672.1 727.0
Operating lease right-of-use assets—net 111.1 125.7
Goodwill 86.4 86.4
Other intangible assets—net 46.9 75.3
Other long-term assets 80.8 66.5
Total assets 1,701.8 1,890.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 456.6 367.3
Other current liabilities 249.1 314.3
Short-term debt and current portion of long-term debt 61.1 245.6
Current portion of finance lease obligations 0.8 1.8
Current portion of operating lease obligations 27.8 28.1
Total current liabilities 795.4 957.1
Long-term debt 506.7 554.9
Finance lease obligations 1.6 1.4
Operating lease obligations 87.1 99.8
Deferred income taxes 9.3 11.9
Other long-term liabilities 128.8 128.1
Total liabilities 1,528.9 1,753.2
Commitments and contingencies (Note 9)
Shareholders’ equity (Note 17)    
Additional paid-in capital 841.8 839.3
Treasury stock, at cost, 3.9 million shares at December 31, 2022, and 1.4 million shares at December 31, 2021 (23.5) (14.9)
Accumulated deficit (518.5) (527.8)
Accumulated other comprehensive loss (128.3) (161.2)
Total shareholders’ equity 172.9 136.8
Total liabilities and shareholders’ equity 1,701.8 1,890.0
Preferred Stock    
Shareholders’ equity (Note 17)    
Preferred stock, $0.01 par value; Authorized: 0.5 million shares; Issued: None 0.0 0.0
Common Class A    
Shareholders’ equity (Note 17)    
Common stock, value, issued 1.0 1.0
Common Class B    
Shareholders’ equity (Note 17)    
Common stock, value, issued 0.4 0.4
Common Class C    
Shareholders’ equity (Note 17)    
Common stock, value, issued $ 0.0 $ 0.0