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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 97.7 $ 112.0
Accounts receivable, net 236.8 222.7
Inventories, net 350.8 319.3
Contract assets 31.4 32.0
Prepaid and other Current Assets 48.7 38.9
Assets held for sale 0.0 9.5
Total current assets 765.4 734.4
Property, plant and equipment 3,144.7 3,087.9
Less accumulated depreciation (1,491.7) (1,430.1)
Net property, plant and equipment 1,653.0 1,657.8
Goodwill and other intangible assets, net 250.6 256.0
Investments in affiliated companies 51.5 47.6
Other assets 125.8 141.5
Total assets 2,846.3 2,837.3
Current liabilities:    
Short-term borrowings 0.1 0.2
Accounts payable 97.8 155.5
Accrued compensation and benefits 70.2 69.6
Financial instruments 14.0 22.0
Accrued liabilities 70.8 82.5
Total current liabilities 252.9 329.8
Long-term debt 754.1 723.3
Retirement obligations 44.9 42.7
Deferred income taxes 111.8 126.4
Other non-current liabilities 36.3 60.9
Total liabilities 1,200.0 1,283.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 110.7 shares and 110.4 shares issued at September 30, 2023 and December 31, 2022, respectively 1.1 1.1
Additional paid-in capital 931.5 905.0
Retained earnings 2,197.3 2,104.9
Accumulated other comprehensive loss (167.7) (174.4)
Total stockholders' equity including treasury stock value 2,962.2 2,836.6
Less Treasury stock, at cost, 26.6 shares at September 30, 2023 and 26.2 shares at December 31, 2022 (1,315.9) (1,282.4)
Total stockholders' equity 1,646.3 1,554.2
Total liabilities and stockholders' equity $ 2,846.3 $ 2,837.3