CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 70.0	$ 120.0
Accounts receivable, net of allowance for doubtful accounts of $3.8 and $3.4 at June 30, 2015 and 2014, respectively	304.1	339.6
Inventories	655.8	699.2
Deferred income taxes	3.3	0.0
Other current assets	37.2	35.7
Total current assets	1,070.4	1,194.5
Property, plant and equipment, net	1,397.0	1,407.0
Goodwill	257.4	257.7
Other intangibles, net	71.6	80.6
Other assets	109.5	117.7
Total assets	2,905.9	3,057.5
Current liabilities:
Accounts payable	169.5	278.1
Accrued liabilities	152.6	148.0
Deferred income taxes	0.0	4.5
Total current liabilities	322.1	430.6
Long-term debt	607.1	604.3
Accrued pension liabilities	334.1	203.4
Accrued postretirement benefits	111.2	163.2
Deferred income taxes	146.5	110.7
Other liabilities	59.0	41.0
Total liabilities	$ 1,580.0	$ 1,553.2
Contingencies and commitments (see Note 10)
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,234,942 shares at June 30, 2015 and 55,161,875 shares at June 30, 2014; outstanding 50,318,244 shares at June 30, 2015 and 53,137,144 shares at June 30, 2014	$ 276.2	$ 275.8
Capital in excess of par value	266.6	263.5
Reinvested earnings	1,332.4	1,311.6
Common stock in treasury (4,916,698 shares and 2,024,731 shares at June 30, 2015 and 2014, respectively), at cost	(221.1)	(101.4)
Accumulated other comprehensive loss	(328.2)	(245.2)
Total equity	1,325.9	1,504.3
Total liabilities and equity	$ 2,905.9	$ 3,057.5