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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 68.0 $ 64.4
Accounts receivable, net 149.9 227.6
Inventories, net 262.9 333.1
Contract assets 48.9 52.7
Prepaid expenses and other current assets 46.1 27.1
Total current assets 575.8 704.9
Property, plant and equipment 3,103.3 3,075.1
Less accumulated depreciation (1,226.0) (1,132.3)
Net property, plant and equipment 1,877.3 1,942.8
Goodwill and other intangible assets, net 276.6 280.4
Investments in affiliated companies 45.7 46.5
Other assets 196.7 154.0
Total assets 2,972.1 3,128.6
Current liabilities:    
Short-term borrowings 0.5 9.5
Accounts payable 61.1 157.6
Accrued compensation and benefits 48.3 74.4
Accrued liabilities 65.6 81.1
Total current liabilities 175.5 322.6
Commitments and contingencies (see Note 12)
Long-term debt 998.7 1,050.6
Retirement obligations 55.5 53.3
Other non-current liabilities 243.0 256.0
Total liabilities 1,472.7 1,682.5
Stockholders' equity:    
Common stock, $0.01 par value, 200.0 shares authorized, 109.6 shares and 109.3 shares issued at September 30, 2020 and December 31, 2019, respectively 1.1 1.1
Additional paid-in capital 845.1 829.9
Retained earnings 2,015.8 1,978.9
Accumulated other comprehensive loss (85.2) (118.7)
Total stockholders' equity including treasury stock value 2,776.8 2,691.2
Less – Treasury stock, at cost, 26.1 shares at September 30, 2020 and 25.7 shares at December 31, 2019, respectively. (1,277.4) (1,245.1)
Total stockholders' equity 1,499.4 1,446.1
Total liabilities and stockholders' equity $ 2,972.1 $ 3,128.6