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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 44.5 $ 154.2
Accounts receivable, net of allowance for doubtful accounts of $7.4 million and $5.4 million at June 30, 2023 and 2022, respectively 531.3 382.3
Inventories 639.7 496.1
Other current assets 66.4 86.8
Total current assets 1,281.9 1,119.4
Property, plant, equipment and software, net 1,383.8 1,420.8
Goodwill 241.4 241.4
Other intangibles, net 28.7 35.2
Deferred income taxes 6.6 5.7
Other assets 111.5 109.8
Total assets 3,053.9 2,932.3
Current liabilities:    
Accounts payable 278.1 242.1
Accrued liabilities 181.3 133.5
Total current liabilities 459.4 375.6
Long-term debt 693.0 691.8
Accrued pension liabilities 190.1 196.6
Accrued postretirement benefits 45.8 77.4
Deferred income taxes 170.3 162.4
Other liabilities 99.2 98.0
Total liabilities 1,657.8 1,601.8
Contingencies and commitments (see Note 12)
STOCKHOLDERS' EQUITY    
Common stock — authorized 100,000,000 shares; issued 56,143,131 shares at June 30, 2023, and 56,025,510 shares at June 30, 2022; outstanding 48,635,740 shares at June 30, 2023, and 48,286,439 shares at June 30, 2022 280.7 280.1
Capital in excess of par value 328.4 320.3
Reinvested earnings 1,228.0 1,211.0
Common stock in treasury (7,507,391 shares and 7,739,071 shares at June 30, 2023 and 2022, respectively), at cost (298.0) (307.4)
Accumulated other comprehensive loss (143.0) (173.5)
Total stockholders' equity 1,396.1 1,330.5
Total liabilities and stockholders' equity $ 3,053.9 $ 2,932.3