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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 85.9 $ 227.0
Accounts receivable, net 271.0 234.7
Inventories, net 353.8 334.4
Contract assets 31.2 25.1
Prepaid expenses and other current assets 47.8 43.0
Total current assets 789.7 864.2
Property, plant and equipment 3,194.8 3,195.5
Less accumulated depreciation (1,536.6) (1,516.8)
Net property, plant and equipment 1,658.2 1,678.7
Goodwill and other intangible assets, net 248.7 251.3
Investments in affiliated companies 5.0 5.0
Other assets 119.6 119.3
Total assets 2,821.2 2,918.5
Current liabilities:    
Short-term borrowings 0.1 0.1
Accounts payable 128.1 159.1
Accrued compensation and benefits 67.3 75.7
Financial instruments 4.5 6.0
Accrued liabilities 88.6 75.0
Total current liabilities 288.6 315.9
Long-term debt 714.6 699.4
Retirement obligations 44.3 42.6
Deferred income taxes 108.4 110.6
Other non-current liabilities 33.2 33.5
Total liabilities 1,189.1 1,202.0
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 111.3 shares and 110.8 shares issued at March 31, 2024 and December 31, 2023, respectively 1.1 1.1
Additional paid-in capital 954.6 936.8
Retained earnings 2,192.6 2,168.7
Accumulated other comprehensive loss (89.0) (74.1)
Total stockholders' equity including treasury stock value 3,059.3 3,032.5
Less -Treasury stock, at cost, 28.2 shares at March 31, 2024 and 26.7 shares at December 31, 2023 (1,427.2) (1,316.0)
Total stockholders' equity 1,632.1 1,716.5
Total liabilities and stockholders' equity $ 2,821.2 $ 2,918.5