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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 127.7 $ 103.3
Accounts receivable, net 160.3 125.4
Inventories 245.7 213.5
Contract assets 30.5 43.1
Prepaid expenses and other current assets 39.5 38.0
Assets held for sale 12.6 12.6
Total current assets 616.3 535.9
Property, plant and equipment 3,110.0 3,139.7
Less accumulated depreciation (1,363.9) (1,265.5)
Property, plant and equipment, net 1,746.1 1,874.2
Goodwill and other intangible assets 267.5 277.8
Investments in affiliated companies 44.6 44.7
Other assets 144.9 185.2
Total assets 2,819.4 2,917.8
Current liabilities:    
Short-term borrowings 0.9 0.9
Accounts payable 113.2 70.0
Accrued compensation and benefits 54.4 43.2
Financial instruments 5.7 3.6
Accrued liabilities 73.4 65.4
Total current liabilities 247.6 183.1
Long-term debt 822.4 925.5
Retirement obligations 52.6 53.9
Deferred income taxes 140.0 153.0
Other non-current liabilities 71.3 92.1
Total liabilities 1,333.9 1,407.6
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.0 shares and 109.7 shares issued at December 31, 2021 and 2020, respectively 1.1 1.1
Additional paid-in capital 878.6 849.7
Retained earnings 2,012.5 1,996.4
Accumulated other comprehensive loss (126.5) (59.6)
Total stockholders' equity including treasury stock value 2,765.7 2,787.6
Less – Treasury stock, at cost, 26.1 shares at December 31, 2021 and 26.1 shares at December 31, 2020 (1,280.2) (1,277.4)
Total stockholders' equity 1,485.5 1,510.2
Total liabilities and stockholders' equity $ 2,819.4 $ 2,917.8