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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 112.8 $ 127.7
Accounts receivable, net 212.1 160.3
Inventories, net 265.9 245.7
Contract assets 32.5 30.5
Prepaid expenses and other current assets 47.9 39.5
Assets held for sale 13.2 12.6
Total current assets 684.4 616.3
Property, plant and equipment 3,088.7 3,110.0
Less accumulated depreciation (1,376.9) (1,363.9)
Net property, plant and equipment 1,711.8 1,746.1
Goodwill and other intangible assets, net 264.0 267.5
Investments in affiliated companies 45.6 44.6
Other assets 147.7 144.9
Total assets 2,853.5 2,819.4
Current liabilities:    
Short-term borrowings 0.7 0.9
Accounts payable 112.5 113.2
Accrued compensation and benefits 52.3 54.4
Financial instruments 7.8 5.7
Accrued liabilities 73.8 73.4
Total current liabilities 247.1 247.6
Long-term debt 857.5 822.4
Retirement obligations 52.4 52.6
Deferred income taxes 135.5 140.0
Other non-current liabilities 73.9 71.3
Total liabilities 1,366.4 1,333.9
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.0 shares and 109.7 shares issued at June 30, 2021 and December 31, 2020, respectively 1.1 1.1
Additional paid-in capital 889.9 878.6
Retained earnings 2,021.8 2,012.5
Accumulated other comprehensive loss (144.1) (126.5)
Total stockholders' equity including treasury stock value 2,768.7 2,765.7
Less – Treasury stock, at cost, 26.1 shares at June 30, 2021 and 26.1 shares at December 31, 2020. (1,281.6) (1,280.2)
Total stockholders' equity 1,487.1 1,485.5
Total liabilities and stockholders' equity $ 2,853.5 $ 2,819.4