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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 104.2 $ 112.0
Accounts receivable, net 257.3 222.7
Inventories, net 360.9 319.3
Contract assets 27.2 32.0
Prepaid and other Current Assets 51.0 38.9
Assets held for sale 9.5 9.5
Total current assets 810.1 734.4
Property, plant and equipment 3,163.0 3,087.9
Less accumulated depreciation (1,482.8) (1,430.1)
Net property, plant and equipment 1,680.2 1,657.8
Goodwill and other intangible assets, net 254.2 256.0
Investments in affiliated companies 50.1 47.6
Other assets 127.3 141.5
Total assets 2,921.9 2,837.3
Current liabilities:    
Short-term borrowings 0.1 0.2
Accounts payable 117.5 155.5
Accrued compensation and benefits 61.6 69.6
Financial instruments 13.7 22.0
Accrued liabilities 83.2 82.5
Total current liabilities 276.1 329.8
Long-term debt 779.0 723.3
Retirement obligations 44.8 42.7
Deferred income taxes 117.5 126.4
Other non-current liabilities 38.4 60.9
Total liabilities 1,255.8 1,283.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.3 shares and 110.1 shares issued at June 30, 2022 and December 31, 2021, respectively 1.1 1.1
Additional paid-in capital 925.9 905.0
Retained earnings 2,169.2 2,104.9
Accumulated other comprehensive loss (145.2) (174.4)
Total stockholders' equity including treasury stock value 2,951.0 2,836.6
Less - Treasury stock, at cost, 26.2 shares at June 30, 2022 and 26.1 shares at December 31, 2021 (1,284.9) (1,282.4)
Total stockholders' equity 1,666.1 1,554.2
Total liabilities and stockholders' equity $ 2,921.9 $ 2,837.3