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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 55.4 $ 32.7
Accounts receivable, net 313.3 260.9
Inventories, net 339.3 297.8
Contract assets 59.7 50.5
Prepaid expenses and other current assets 30.4 33.9
Total current assets 798.1 675.8
Property, plant and equipment 3,005.3 2,902.1
Less accumulated depreciation (1,083.4) (1,025.6)
Net property, plant and equipment 1,921.9 1,876.5
Goodwill and other intangible assets 283.6 142.3
Investments in affiliated companies 51.8 48.7
Other assets 139.7 80.8
Total assets 3,195.1 2,824.1
Current liabilities:    
Short-term borrowings 9.7 9.4
Accounts payable 177.8 161.9
Accrued compensation and benefits 66.9 75.8
Accrued liabilities 105.3 79.6
Total current liabilities 359.7 326.7
Commitments and contingencies (see Note 14)
Long-term debt 1,115.8 947.4
Retirement obligations 42.4 42.0
Other non-current liabilities 234.8 186.0
Total liabilities 1,752.7 1,502.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 109.0 shares and 108.5 shares issued at June 30, 2019 and December 31, 2018, respectively 1.1 1.1
Additional paid-in capital 817.9 798.3
Retained earnings 1,854.1 1,726.5
Accumulated other comprehensive loss (118.1) (108.0)
Total stockholders' equity including treasury stock value 2,555.0 2,417.9
Less – Treasury stock, at cost, 24.0 shares at June 30, 2019, and 23.7 shares at December 31, 2018, respectively. (1,112.6) (1,095.9)
Total stockholders' equity 1,442.4 1,322.0
Total liabilities and stockholders' equity $ 3,195.1 $ 2,824.1