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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 112.0 $ 127.7
Accounts receivable, net 222.7 160.3
Inventories 319.3 245.7
Contract assets 32.0 30.5
Prepaid expenses and other current assets 38.9 39.5
Assets held for sale 9.5 12.6
Total current assets 734.4 616.3
Property, plant and equipment 3,087.9 3,110.0
Less accumulated depreciation (1,430.1) (1,363.9)
Property, plant and equipment, net 1,657.8 1,746.1
Goodwill and other intangible assets 256.0 267.5
Investments in affiliated companies 47.6 44.6
Other assets 141.5 144.9
Total assets 2,837.3 2,819.4
Current liabilities:    
Short-term borrowings 0.2 0.9
Accounts payable 155.5 113.2
Accrued compensation and benefits 69.6 54.4
Financial instruments 22.0 5.7
Accrued liabilities 82.5 73.4
Total current liabilities 329.8 247.6
Long-term debt 723.3 822.4
Retirement obligations 42.7 52.6
Deferred income taxes 126.4 140.0
Other non-current liabilities 60.9 71.3
Total liabilities 1,283.1 1,333.9
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.4 shares and 110.1 shares issued at December 31, 2022 and 2021, respectively 1.1 1.1
Additional paid-in capital 905.0 878.6
Retained earnings 2,104.9 2,012.5
Accumulated other comprehensive loss (174.4) (126.5)
Total stockholders' equity including treasury stock value 2,836.6 2,765.7
Less - Treasury stock, at cost, 26.2 shares at December 31, 2022 and 26.1 shares at December 31, 2021 (1,282.4) (1,280.2)
Total stockholders' equity 1,554.2 1,485.5
Total liabilities and stockholders' equity $ 2,837.3 $ 2,819.4