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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 254.6 $ 280.6
Accounts receivable, net of allowances (2024 - $1.5 million; 2023 - $2.0 million) 105.1 113.2
Inventories, net 218.0 228.0
Deferred charges and prepaid expenses 17.8 10.3
Other current assets 6.5 24.7
Total Current Assets 602.0 656.8
Property, plant and equipment, net 496.3 492.5
Operating lease right-of-use assets 11.6 11.4
Pension assets 6.9 9.9
Intangible assets, net 4.0 2.7
Other non-current assets 12.6 2.0
Total Assets 1,133.4 1,175.3
Current Liabilities    
Accounts payable 113.3 133.3
Salaries, wages and benefits 19.9 26.8
Accrued pension and postretirement costs 17.7 43.5
Current operating lease liabilities 5.1 5.0
Current convertible notes, net 13.2 13.2
Government funding liabilities 45.5 0.0
Other current liabilities 13.5 26.6
Total Current Liabilities 228.2 248.4
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 6.5 6.4
Accrued pension and postretirement costs 157.2 160.5
Deferred income taxes 15.1 15.0
Other non-current liabilities 13.7 13.4
Total Liabilities 420.7 443.7
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2024 - 48.2 million shares and 2023 - 47.1 million shares 0.0 0.0
Additional paid-in capital 840.4 844.2
Retained deficit (31.0) (53.7)
Treasury shares - 2024 - 5.7 million; 2023 - 4.0 million (105.1) (71.3)
Accumulated other comprehensive income (loss) 8.4 12.4
Total Shareholders' Equity 712.7 731.6
Total Liabilities and Shareholders’ Equity $ 1,133.4 $ 1,175.3