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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 105.7 $ 112.0
Accounts receivable, net 265.3 222.7
Inventories, net 354.6 319.3
Contract assets 28.6 32.0
Prepaid expenses and other current assets 44.2 38.9
Assets held for sale 9.5 9.5
Total current assets 807.9 734.4
Property, plant and equipment 3,116.1 3,087.9
Less accumulated depreciation (1,465.4) (1,430.1)
Net property, plant and equipment 1,650.7 1,657.8
Goodwill and other intangible assets, net 255.2 256.0
Investments in affiliated companies 52.7 47.6
Other assets 140.8 141.5
Total assets 2,907.3 2,837.3
Current liabilities:    
Short-term borrowings 0.2 0.2
Accounts payable 122.0 155.5
Accrued compensation and benefits 61.0 69.6
Financial instruments 15.0 22.0
Accrued liabilities 91.9 82.5
Total current liabilities 290.1 329.8
Long-term debt 768.5 723.3
Retirement obligations 44.3 42.7
Deferred income taxes 123.9 126.4
Other non-current liabilities 58.3 60.9
Total liabilities 1,285.1 1,283.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.6 shares and 110.4 shares issued at March 31, 2023 and December 31, 2022, respectively 1.1 1.1
Additional paid-in capital 920.8 905.0
Retained earnings 2,137.2 2,104.9
Accumulated other comprehensive loss (152.1) (174.4)
Total stockholders' equity including treasury stock value 2,907.0 2,836.6
Less -Treasury stock, at cost, 26.2 shares at March 31, 2023 and 26.2 shares at December 31, 2022 (1,284.8) (1,282.4)
Total stockholders' equity 1,622.2 1,554.2
Total liabilities and stockholders' equity $ 2,907.3 $ 2,837.3