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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 47.0 $ 32.7
Accounts receivable, net 288.9 260.9
Inventories, net 352.2 297.8
Contract assets 56.4 50.5
Prepaid expenses and other current assets 27.1 33.9
Total current assets 771.6 675.8
Property, plant and equipment 3,014.5 2,902.1
Less accumulated depreciation (1,090.8) (1,025.6)
Net property, plant and equipment 1,923.7 1,876.5
Goodwill and other intangible assets 279.4 142.3
Investments in affiliated companies 45.8 48.7
Other assets 134.7 80.8
Total assets 3,155.2 2,824.1
Current liabilities:    
Short-term borrowings 9.3 9.4
Accounts payable 164.5 161.9
Accrued compensation and benefits 70.6 75.8
Accrued liabilities 102.6 79.6
Total current liabilities 347.0 326.7
Commitments and contingencies (see Note 14)
Long-term debt 1,115.2 947.4
Retirement obligations 41.9 42.0
Other non-current liabilities 233.3 186.0
Total liabilities 1,737.4 1,502.1
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 109.3 shares and 108.5 shares issued at September 30, 2019 and December 31, 2018, respectively 1.1 1.1
Additional paid-in capital 826.7 798.3
Retained earnings 1,920.0 1,726.5
Accumulated other comprehensive loss (161.1) (108.0)
Total stockholders' equity including treasury stock value 2,586.7 2,417.9
Less – Treasury stock, at cost, 24.7 shares at September 30, 2019, and 23.7 shares at December 31, 2018, respectively. (1,168.9) (1,095.9)
Total stockholders' equity 1,417.8 1,322.0
Total liabilities and stockholders' equity $ 3,155.2 $ 2,824.1