CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 16.6	$ 82.0
Accounts receivable, net	267.2	253.6
Inventories	718.3	628.7
Other current assets	49.3	46.4
Total current assets	1,051.4	1,010.7
Property, plant and equipment, net	1,312.1	1,351.4
Goodwill	270.9	244.8
Other intangibles, net	58.2	63.2
Deferred income taxes	7.5	8.2
Other assets	122.3	116.0
Total assets	2,822.4	2,794.3
Current liabilities:
Short-term debt	14.2	0.0
Accounts payable	191.3	159.6
Accrued liabilities	116.7	139.2
Total current liabilities	322.2	298.8
Long-term debt	604.1	611.3
Accrued pension liabilities	402.9	509.3
Accrued postretirement benefits	118.6	116.6
Deferred income taxes	169.4	102.4
Other liabilities	43.6	51.0
Total liabilities	1,660.8	1,689.4
Contingencies and commitments
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 55,349,304 shares at March 31, 2017 and 55,254,569 shares at June 30, 2016; outstanding 46,740,525 shares at March 31, 2017 and 46,600,125 shares at June 30, 2016	276.7	276.3
Capital in excess of par value	283.6	273.5
Reinvested earnings	1,304.8	1,308.9
Common stock in treasury (8,608,779 shares and 8,654,444 shares at March 31, 2017 and June 30, 2016, respectively), at cost	(342.1)	(343.9)
Accumulated other comprehensive loss	(361.4)	(409.9)
Total stockholders' equity	1,161.6	1,104.9
Total liabilities and stockholders' equity	$ 2,822.4	$ 2,794.3

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.