CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 271.4	$ 193.1
Accounts receivable, net	230.3	292.3
Inventories	565.1	724.3
Other current assets	85.8	56.6
Total current assets	1,152.6	1,266.3
Property, plant and equipment, net	1,326.1	1,351.1
Goodwill	241.4	290.4
Other intangibles, net	45.4	52.1
Deferred income taxes	5.1	4.9
Other assets	273.3	262.4
Total assets	3,043.9	3,227.2
Current liabilities:
Short-term credit agreement borrowings	0.0	170.0
Accounts payable	108.4	124.2
Accrued liabilities	157.4	157.9
Total current liabilities	265.8	452.1
Long-term debt	694.0	551.8
Accrued pension liabilities	375.2	399.5
Accrued postretirement benefits	138.0	137.4
Deferred income taxes	127.5	130.2
Other liabilities	110.5	110.5
Total liabilities	1,711.0	1,781.5
Contingencies and commitments (see Note 12)
STOCKHOLDERS’ EQUITY
Common stock — authorized 100,000,000 shares; issued 56,012,748 shares at December 31, 2020 and 56,012,748 shares at June 30, 2020; outstanding 48,024,702 shares at December 31, 2020 and 47,850,468 shares at June 30, 2020	280.1	280.1
Capital in excess of par value	317.0	321.4
Reinvested earnings	1,416.5	1,568.0
Common stock in treasury (7,988,046 shares and 8,162,280 shares at December 31, 2020 and June 30, 2020, respectively), at cost	(317.6)	(325.8)
Accumulated other comprehensive loss	(363.1)	(398.0)
Total stockholders' equity	1,332.9	1,445.7
Total liabilities and stockholders' equity	$ 3,043.9	$ 3,227.2