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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 43.7 $ 32.7
Accounts receivable, net 324.3 260.9
Inventories, net 334.5 297.8
Contract assets 53.7 50.5
Prepaid expenses and other current assets 26.1 33.9
Total current assets 782.3 675.8
Property, plant and equipment 2,894.5 2,839.9
Less accumulated depreciation (991.8) (963.4)
Net property, plant and equipment 1,902.7 1,876.5
Goodwill and other intangible assets 286.2 142.3
Investments in affiliated companies 50.9 48.7
Other assets 143.9 80.8
Total assets 3,166.0 2,824.1
Current liabilities:    
Short-term borrowings 9.7 9.4
Accounts payable 165.2 161.9
Accrued compensation and benefits 62.1 75.8
Accrued liabilities 112.9 79.6
Total current liabilities 349.9 326.7
Commitments and contingencies (see Note 14)
Long-term debt 1,160.0 947.4
Retirement obligations 42.1 42.0
Other non-current liabilities 241.6 186.0
Total liabilities 1,793.6 1,502.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 108.8 shares and 108.5 shares issued at March 31, 2019 and December 31, 2018, respectively 1.1 1.1
Additional paid-in capital 811.8 798.3
Retained earnings 1,786.0 1,726.5
Accumulated other comprehensive loss (113.9) (108.0)
Total stockholders' equity including treasury stock value 2,485.0 2,417.9
Less – Treasury stock, at cost, 24.0 shares at March 31, 2019, and 23.7 shares at December 31, 2018, respectively. (1,112.6) (1,095.9)
Total stockholders' equity 1,372.4 1,322.0
Total liabilities and stockholders' equity $ 3,166.0 $ 2,824.1